Introduction to the Transportation, Supply Chain & Logistics Industry

Transportation is one of the world’s largest industries. Its sectors range from taxis to trucks, airplanes, trains, courier services, ships, barges, warehouses and logistics/supply chain services. To a growing extent, it now includes the use of robotics and artificial intelligence in terms of self-driving cars and trucks, and eventually may include a significant level of robotic delivery vehicles. Robotics are already providing a high level of automation in ports and warehouses, while artificial intelligence is also being applied widely to the supply chain. In 2023, Plunkett Research estimated global transportation sector revenues of $6.036 trillion.

At about 6% of global economic activity (GDP), transportation’s core sectors add up to a remarkably efficient industry, considering the fact that transportation is a vital service to nearly every other sector of the economy. In fact, thanks to increasing use of advanced information systems and such strategies as intermodal containers (sending freight via containers that are easily transferred from ship to rail car to truck as needed, without repacking), the transportation industry’s productivity has been high.

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Introduction to the Transportation, Supply Chain & Logistics Industry, Business and Industry Trends Analysis

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