Uncharted waters: Rising trade volumes and consumer spending are expected to boost industry revenue
Stevedoring & Marine Cargo Handling in the US Operators in the Stevedoring and Marine Cargo Handling industry load and unload cargo for waterborne transporters. Imports and exports account for the majority of waterborne cargo transportation, so industry performance closely mirrors US trade volumes. Over the five years to 2019, rising consumer spending and industrial production levels have caused the volume of goods transported through US ports to increase, stimulating demand. However, the industry also contended with sharp declines in the price of crude oil, which reduced shipping rates and constrained industry fees. Over the five years to 2024, the industry is expected to benefit from rising trade volumes and consumer spending.
Companies in this industry provide stevedoring and other marine cargo handling services. A stevedore is a company or individual that is usually contracted by an agent to load and unload cargo from a ship in port.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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