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 Motion, movement of humans, animals, and cargo, goods from one location to another. Mode of transport, Modes of transport include aviation, air, land tr ...
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, 25 industry groups, 74 industrie ...
(GICS) lists transport below the
industrials sector. The sector consists of several industries including
logistics
Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the Consumption (economics), point of consumption according to the ...
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 th ...
or airlines, marine, road and rail, and their respective
infrastructures. Entire stock market indexes focus on the sector, like the
Dow Jones Transportation Index (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 total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performanc ...
(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
A fossil fuel is a flammable carbon compound- or hydrocarbon-containing material formed naturally in the Earth's crust from the buried remains of prehistoric organisms (animals, plants or microplanktons), a process that occurs within geologica ...
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 of vehicles.
Logistics and transport as the basis of
global trade is worth over 5.7 trillion Euros.
Global players
According to
Forbes Global 2000
The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by: sales, profit, assets and market value. The list has been published annually since 2003.
By country
Forbes Global 2000 as of 2023:
...
,
FedEx
FedEx Corporation, originally known as Federal Express Corporation, is an American Multinational corporation, multinational Conglomerate (company), conglomerate holding company specializing in Package delivery, transportation, e-commerce, and ...
is the biggest transportation and logistics company in the world in 2021, closely followed by
UPS.
See also
*
Shipping industry
Maritime transport (or ocean transport) or more generally waterborne transport, is the transport of people (passengers or goods (cargo) via waterways. Freight transport by watercraft has been widely used throughout recorded history, as it provi ...
*
Rail industry
*
Freight industry
References
External links
*
Logistics industry
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