Smooth sailing: Industry revenue growth will be driven by economic expansion and rising exports

Operators in the Inland Water Transportation industry transport commodities, consumer goods and passengers along the nation's inland waterways. Over the five years to 2018, the industry has experienced significant volatility as stagnant overall freight volume, multiple natural disasters and commodity price changes have stifled industry growth. At the same time, an early boom in US oil and natural gas production, combined with climbing refined petroleum product output, caused demand for liquid bulk transportation to surge during the first half of the five-year period. Moving forward, industry revenue growth will be driven by a combination of US economic expansion, rising exports and increased demand from downstream oil-related industries...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Flooding, drought and falling demand for coal have hampered overall industry growth
  • Strong demand for the transportation of liquid bulk bolstered industry growth
  • Consumer spending and manufacturing activity will rise
  • Industry Report - Industry SWOT Analysis Chapter

    The Inland Water Transportation industry is in the mature stage of its economic life cycle. Industry value added, which measures the industry's contribution to the US economy, is expected to grow at an annualized rate of just 0.5% over the 10 years to 2023. Comparatively, US GDP is forecast to increase at an annualized rate of 2.2% during the same period. While the contrast between these two growth rates is generally indicative of an industry in decline, other factors reflect the industry's ongoing maturity.For one, industry growth generally moves in line with the overall economy. Bulk shippers carry a wide range of commodities and goods that are used in various sectors of the economy. As ...purchase to read more.

    Additional Insights for the Inland Water Transportation Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Inland Water Transportation Industry are

  • Optimum capacity utilization
  • Having a diverse range of clients
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Consumer spending in the Inland Water Transportation industry impact industry performance..

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    What's in this report

    What is the Inland Water Transportation Industry?

    This industry comprises establishments primarily engaged in providing waterborne transportation of cargo and passengers along the nation’s lakes, rivers and other inland waterways.

    Industry Products
  • Container transportation
  • Towing and tugboat services
  • Liquid bulk transportation
  • Dry bulk transportation
  • Passenger transportation
  • Other transportation and value-added services
  • Industry Activities
  • Canal barge transportation
  • Freight transportation on inland waters
  • Intracoastal transportation of freight
  • Lake freight transportation
  • Lighterage (i.e. freight transportation except vessel supply services)
  • River freight transportation
  • Ship chartering with crew on inland waters
  • Shipping freight on inland waters
  • Towing services on inland waters
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Consumer spending
  • Freight transportation services index
  • US oil and gas production index
  • Price of diesel
  • Value of construction

  • Current Performance
  • An uneven performance
  • Oil boom and bust
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand remains uncertain
  • External competition and poor infrastructure
  • Profit and other trends
  • Table: Inland Water Transportation Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Inland Water Transportation Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Corn Farming
  • Wheat, Barley & Sorghum Farming
  • Coal Mining
  • Petroleum Refining
  • Petrochemical Manufacturing
  • Consumers

  • Key Selling Industries
  • Boat Building
  • Ship Building
  • Tugboat & Shipping Navigational Services

  • Products & Services
  • Container transportation
  • Other transportation and value-added services
  • Liquid bulk transportation
  • Towing and tugboat services
  • Dry bulk transportation
  • Passenger transportation
  • Chart: Inland Water Transportation Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Petroleum and chemical product industries
  • Internal and other markets
  • Consumer goods manufacturers
  • Coal-related industries
  • Agricultural product industries
  • Iron and construction industries
  • Individual consumers
  • Chart: Major Market Segmentation for the Inland Water Transportation Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationRent, utilities and marketingOther
  • Chart: Cost Structure Benchmarking – Sector vs Inland Water Transportation

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Inland Water Transportation Industry

  • Industry Globalization
    Kirby Corporation, American Commercial Lines LLC, Ingram Industries Inc.,
  • Table: Kirby Corporation - financial performance
  • Table: American Commercial Lines LLC - financial performance
  • Table: Ingram Industries Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Inland Water Transportation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Inland Water Transportation Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • US oil and gas production index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • A flat-bottomed boat built mainly for river and canal transport of heavy goods. Most are not self-propelled and need to be moved by tugboats or towboats.
  • Bulk Cargo
  • Unpackaged cargo (e.g. coal, grain, wood chips and cement) that is transported in large quantities in a vessel's hold.
  • Hopper
  • A large chute used for the temporary storage of materials. The bottom of the chute typically controls the flow of materials, allowing them to be metered out at the desired rate.
  • Intercoastal
  • Extending or operating between sea coasts.
  • Intracoastal
  • Being within and close to the coast or belonging to the inland waters near the coast.
  • Lock
  • A device used to lower boats onto waterways.
  • Tank Barge
  • A barge that hauls liquid cargo (e.g. chemicals, petroleum and fertilizers) in holding tanks inside the hull.
  • The Jones Act
  • Legislation passed in 1920 that restricts waterborne trade within the country to American-owned and -flagged ships, and stipulates that 75.0% of a ship's crew must consist of American citizens.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Inland Water Transportation contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
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    This report on Inland Water Transportation:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Inland Water Transportation market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Inland Water Transportation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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