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2025 U.S. Industry Statistics & Market Forecast - Coastal and Great Lakes Freight Transportation
Market Size & Industry Statistics
The total U.S. industry market size for Coastal and Great Lakes Freight Transportation:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Coastal and Great Lakes Freight Transportation industry include:- Increased regulatory oversight and environmental regulations
- Shift towards sustainable and green shipping practices
- Enhanced focus on cybersecurity and data protection
- Growing demand for shorter, more reliable supply chains
- Impact of climate change on sea levels and storm frequency
- Adoption of advanced technologies (AI, IoT, automation)
- Expansion of the Panama Canal influencing trade routes
- Volatility in fuel prices affecting operational costs
- Increasing competition from road and rail transport
- Global economic shifts impacting trade volumes
Product & Services Breakdown
Research products and services in the Coastal and Great Lakes Freight Transportation industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Transportation Of Bulk Liquids And Gases In Intermodal Tank Containers By Water |
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Transportation Of Bulk Liquids And Gases, Except In Intermodal Tank Containers, By Water |
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Transportation Of Dry Bulks, Except In Intermodal Tank Containers, By Water |
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Transportation Of Boxed, Palletized, And Other Packed Goods, Not Climate-Controlled And Not In Intermodal Tank Containers, By W |
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Transportation Of Other Intermodal Containers, Not Climate-Controlled, Not Elsewhere Classified, By Water |
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Transportation Of Other Goods By Water |
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Towing Services By Water |
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Tugboat Services |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Coastal and Great Lakes Freight Transportation company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Coastal and Great Lakes Freight Transportation industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Coastal and Great Lakes Freight Transportation measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 13% | Order at top of page |
||
| Chief Executives | 1% | |||
| General and Operations Managers | 4% | |||
| Operations Specialties Managers | 5% | |||
| Business and Financial Operations Occupations | 10% | |||
| Business Operations Specialists | 7% | |||
| Sales and Related Occupations | 9% | |||
| Sales Representatives, Services | 7% | |||
| Travel Agents | 5% | |||
| Travel Agents | 5% | |||
| Office and Administrative Support Occupations | 12% | |||
| Transportation and Material Moving Occupations | 46% | |||
| Water Transportation Workers | 32% | |||
| Sailors and Marine Oilers | 12% | |||
| Sailors and Marine Oilers | 12% | |||
| Ship and Boat Captains and Operators | 14% | |||
| Captains, Mates, and Pilots of Water Vessels | 14% | |||
| Ship Engineers | 7% | |||
| Ship Engineers | 7% | |||
Coastal and Great Lakes Freight Transportation Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Coastal and Great Lakes Freight Transportation industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Coastal and Great Lakes Freight Transportation industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Coastal and Great Lakes Freight Transportation industry. |
Source:
Latest Industry News
- The Longest Train Lines In The World, Ranked By Length - It was just eight miles long when it opened to transport both passengers and freight. Developed at the height of the ... unearthly stretches of the Nullarbor Plain. The coast-to-coast journey takes place twice a week in either direction and is primarily ... (07/09/2025)
- Meet Michigan’s floating post office: How mail gets to Great Lakes freighters - Detroit’s J.W. Westcott Co. has delivered mail to Great Lakes freighters since 1874, starting with rowboat messages and now operating as a full-service floating post office with its own ZIP code, 48222. (07/04/2025)
- Displaying items by tag: Nova Algoma - POML has entered a definitive agreement with NovaAlgoma Cement Carriers, the joint venture between Canada’s Algoma Central Corporation and Italian-Swiss Nova Marine Group. The deal excludes NovaAlgoma’s joint venture interests in Northern Europe, (07/04/2025)
- 10 Gorgeous Small Towns In Ohio Perfect For Weekend Getaways - Eastlake offers a perfect blend of lakeside beauty and small-town convenience for weekend explorers. Located on the shores of Lake Erie, this charming town gives visitors easy access to stunning water views and recreational opportunities. The blue expanse of the Great Lake creates a beautiful backdrop for your weekend adventures. (07/02/2025)
- Great Lakes Limestone Trade Up in June - The Lake Carriers’ Association reports that shipments of limestone on the Great Lakes totaled 3.5 million tons in June, an increase of 6.5% from (07/01/2025)
- West Asia News Live: Saudi foreign minister receives written message from Russian counterpart - Welcome to our live blog bringing you the latest developments from West Asia. Stay updated on key shifts in regional geopolitics, oil and energy markets, diplomacy, security tensions, economic reforms, (07/01/2025)
- Norfolk Southern ducks millions in recommended fines for delaying Cuyahoga River boaters - One thing keeping boaters from enjoying summer in the Flats is the Norfolk Southern lift bridge. Known derisively as the Iron Curtain, it crosses the mouth of the Cuyahoga River, requiring vessels coming off Lake Erie to sail beneath it. (06/29/2025)
- Inaugural Great Lakes cruise sets sail from Chicago’s Navy Pier to Toronto - Victory Cruise Lines christened its ship Victory II at Navy Pier in May, one of two new ships in its line built to cruise the Great Lakes. (06/24/2025)
- Great Lakes Towing tugs free trapped cement carrier Sunnanvik - When the 8,762 dwt Canadian-flagged cement carrier Sunnanvik became lodged in the narrow mouth of the Cuyahoga River early this past Friday morning, the Great Lakes Towing Company was swift to respond. (06/23/2025)
- The Great Egg Heist - Cal-Maine had hired an outside company, called a freight broker, to arrange transportation. Minh Dang, who loved a good egg crepe, worked for the Florida broker who handled the shipment. (06/19/2025)
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