The transport/transportation and logistics industry is a category of companies that provide services to

transport Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land ( rail and road), water, cable, pipelin ...

people or goods. The

Global Industry Classification Standard The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 24 industry groups, 69 industrie ...

(GICS) lists transport below the

industrials Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a rang ...

sector. The sector consists of several industries including

logistics Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...

and

air freight Air cargo is any property carried or to be carried in an aircraft. Air cargo comprises air freight, air express and airmail. Aircraft types Different cargo can be transported by passenger, cargo or combi aircraft: * Passenger aircraft use the ...

or airlines, marine, road and rail, and their respective

infrastructures Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and priv ...

. Entire stock market indexes focus on the sector, like the

Dow Jones Transportation Index The Dow Jones Transportation Average (DJTA, also called the "Dow Jones Transports") is a United States, U.S. stock market index from S&P Dow Jones Indices of the transportation sector, and is the most widely recognized gauge of the Transportation in ...

(DJTA). In the EU, the transport industry directly employs around 10 million people and accounts for about 5% of the

gross domestic product Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is oft ...

(GDP). Logistics account for 10–15% of the cost of a finished product for European companies. On average 13.2% of every household's budget is spent on transport, which still depends heavily on fossil fuels and represents an important source of emissions. Emissions from road freight transport have risen by more than 20% since 1995, counterweighting the increased

energy efficiency Energy efficiency may refer to: * Energy efficiency (physics), the ratio between the useful output and input of an energy conversion process ** Electrical efficiency, useful power output per electrical power consumed ** Mechanical efficiency, a ra ...

of vehicles. Logistics and transport as the basis of

global trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant s ...

is worth over 5.7 trillion Euros.

Global players

According to Forbes Global 2000, FedEx is the biggest transportation and logistics company in the world in 2021, closely followed by UPS.

References

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Packers and Movers Bangalore
Logistics industry Transport industry

Global players

See also

References