In spite of a rising volume of freight in the US, the domestic water freight
volume has been witnessing a decline of over 2% during the period 2006-2011 to
just over 500 billion ton-miles. The share of total freight hauled by domestic
water vessels will continue to shrink in the face of competition from trucks,
rail and intermodal (rail/truck) transport. During the recession, sluggish
manufacturing production and slow retail spending reduced the demand for
freight transportation even further.
However, industry conditions will improve as the economy stabilizes and demand
for freight services increases. Furthermore, recovering consumer confidence
and increased spending will support growth in freight volumes, boosting
industry demand. There are approximately 12,000 miles of navigable inland
waterways used by the domestic shipping trades in the United States, not
including the Great Lakes. The addition of those waterways would double the
figure. US ports and waterways handle more than 2 billion tons of domestic and
import/export cargo annually. By 2020, the total volume of cargo shipped by
water is expected to be double that of 2001 volumes.
Most freight consists of dry bulk cargo and is carried aboard barges known as
hoppers. This includes grain, coal, and chemicals. Much of total domestic
production of basic commodities and finished products is shipped by water,
including apples, wastepaper, corn, lumber, iron ore, steel, scrap steel,
potatoes, phosphate, plastics, film, machinery, and modular homes. About
two-thirds of all US wheat and wheat flour, one-third of soybean and rice
production and almost two-fifths of US cotton production is exported via US
ports. US produced coal, grain and forest products also compete well in
international markets because of our efficient transportation system.
Merchant ships have become increasingly more specialized, especially during
the last half of the twentieth century. Special ships were designed to carry
bulk cement, coal, iron ore, liquefied natural gas, wood chips and pulp,
refrigerated foods, and heavy equipment. With consumers increasing their
spending as the economy recovers, and manufacturers likewise boosting their
production, demand for inland water transportation will get a boost.
Aruvians Rsearch analyzes the domestic water shipping market in the US with
regards to freight in its research offering Analyzing Domestic Water Shipping
in the US. The report is a complete analysis of the industry through the
leading segments of freight moved through coastal shipping, through internal
waterway shipping, and through the Great Lakes and other waterways in the US.
The report analyzes the US market for freight moved through domestic water
shipping through an industry overview, an analysis of the market demand, as
well as an analysis of the market by different types of domestic water
Industry trends across different types of segments are analyzed, followed by
an analysis of the industry structure. Regulatory framework governing the
industry is also looked at.
The industry's future perspective is looked at through a segment-wise market
forecast as well as an industry outlook.
An analysis of the major market players such as Ingram Industries, Kirby
Corporation, SEACOR Holdings, and others is carried out through a corporate
profile, business segment analysis, financial analysis, industry presence, and
a SWOT analysis, completing this comprehensive analysis of the Domestic Water
Shipping in the US.