the Transportation Sector
Logistict is the industry that delivers good end-to-end including the last mile. For example, a delivery service that delivers ecommerce orders to consumers. This includes complexities such a warehousing and custom.
Another backbone for the shipping of goods that tends to be an important employer due to its smaller scale. For example, trucking employs around 2 million people in the United States alone.
Cruises offer a tour-like experience on a large ship that may offer entertainment and leisure activities. A single cruise ship can burn 150 tonnes of fuel a day and emit as much air pollution as a million cars.
The Railroad Industry is engaged in hauling freight. Rail operators enable the efficient flow of goods from producers to consumers, and are therefore a vital part of the broad economy. With roots from 1800s.
Understanding the Transportation Sector,
The transportation sector is a category of companies that provide services to move people or goods, as well as transportation infrastructure. Technically, transportation is a sub-group of the industrials sector according to the Global Industry Classification Standard (GICS). The transportation sector consists of several industries including air freight and logistics, airlines, marine, road and rail, and transportation infrastructure. These industries are further broken down into the sub-industries air freight and logistics, airlines, marine, railroads, trucking, airport services, highways and rail tracks, and marine ports and services.
The global market for manufacturing and process control is expected to grow in 2020.
The global market for manufacturing and process control is expected to grow in 2025.
Compound annual growth rate (CAGR) of 6.3% for the period of 2020-2025.
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