The Purpose of An Expedited Freight Company

Written by Small Business Magazine on September 4, 2018. Posted in Expedited freight companies, Expedited international shipping services, Pharmaceuticals transportation

As of right now, the shipping industry is absolutely booming and is crucial to the overall well-being of the economy as well. Thanks to the rise of online services and vendors, like Amazon, there are more companies trying to help ship items through expedited shipping an expedited trucking. As a matter of fact, the expedited freight company interaction is a huge deal for almost all large-scale businesses.

In the year 2015, the total amount of money spends on logistics and transportation in the United States managed to reach nearly $1.4 trillion. This also represented nearly 8% of the annual gross domestic product as well. However, now that there are more local businesses getting involved in shipping, there may be some big changes coming.

The President of SJ Consulting Group, Satish Jindel, has stated that there is a current decline in the length of haul for shipments. Also, between 2011 and 2016, there has been a 4% decrease in terms of public truckload carriers and their length of haul on average. Therefore, there is going to be a lot of value in getting a reliable expedited freight company while you can. Here are all of the facts:

Shipping Is A Huge Part Of Running A Successful Business

In the year 2013, reports show that expedited trucking helped transport almost 15 billion tons of cargo. This is a huge number but there are even more impressive numbers that await this industry. The Bureau of Labor Statistics has released estimates that by 2040, this number could potentially increase to nearly 19 billion tons. So the role of an expedited freight company that can handle less than truckload is quite valuable.

The United States Department of Transportation also releases a lot of statistics in regards to freight moved across the country. They estimate that the value of freight moved is going to increase from $882 per ton in 2007 to nearly $1,377 in the year 2040. Therefore, anyone that wants to invest in this type of industry should do so soon!

Another one of the reasons as to why the work of an expedited freight company matters involves what they are moving. Across the United States, there are three commodities that are more valuable than the other products moved by a shipping company. These three items include machinery, electronics, and motorized vehicles as well.

The Shipping Industry Is Stronger Than Ever

LTL stands for less than truckload and this industry, along with expedited freight shipping, is a huge deal right now. This specific market is estimated to have a value of nearly $35 billion. This is because it is responsible for moving so many of the truckload shipping items moved across the country.

Across the transportation network, there are nearly 12 million trucks, rail cars, locomotives, and vessels moving goods that people need. There is nothing confusing or special about this information, it is transparent and straightforward. Keep in mind that this industry is responsible for a lot of jobs as well.

The Federal Motor Carrier Safety Administration works to regulate commercial motor vehicle drivers and their products. That way, they can be as safe as possible for their own protection as well as other drivers. They have reported that there are almost 6 million commercial vehicle drivers that are working across the country.

Closing Words On Expedited Freight Company

There is no doubt that the work of an expedited freight company is going to become more valuable. Especially once you begin to factor in the rising e-commerce industry which specifically leans on trucking shipping and more. Right now, e-commerce revenue across the United States has managed to hit $423 billion and is currently still growing. this includes less than truckload, parcel carriers, overweight shipping, and more.

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