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US NAICS 48321 | Industry Report

Inland Water Transportation in the US Industry Data and Analysis

SM
Samuel Moshiashvili
Analyst New York, United States June 2025

The inland water transportation industry is adapting to a period marked by intense competition, shifting commodity prices and growing infrastructure concerns. The sector stands out for its remarkable cost-effectiveness compared to other freight modes. Barges can move far greater volumes with less energy, shipping more freight ton-miles per vessel than rail or truck. This advantage helps maintain the industry’s high utilization rates and profit. Even as companies face aging infrastructure and changing commodity production volumes that influence demand, the industry's cost efficiency ensures consistent demand for its services, supporting revenue growth at a CAGR of 3.9% over the five years through 2025, reaching $9.47 billion with a substantial profit of 17.8%.

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What's included in this industry analysis

IBISWorld's research coverage on the Inland Water Transportation industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released June 2025.

About this industry

What's this industry report about?

The Inland Water Transportation industry in the United States operates under the NAICS industry code 48321. This industry includes establishments primarily engaged in providing waterborne transportation of cargo and passengers along the nation’s lakes, rivers and other inland waterways. Related terms covered in the Inland Water Transportation industry in the United States include barge, intercoastal, intracoastal, the jones act, bulk cargo, tank barge, hopper, lock and twenty-foot equivalent unit (teu).

What's included in this industry?

Products and services covered in Inland Water Transportation industry in the United States include Dry bulk and container transportation, Towing and tugboat services and Liquid bulk transportation.

What companies are included in this industry?

Companies covered in the Inland Water Transportation industry in the United States include Ingram Industries Inc., American Commercial Barge Line Llc and Kirby Corporation.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Inland Water Transportation industry in the United States.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Inland Water Transportation industry in the United States.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Inland Water Transportation industry in the United States.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Inland Water Transportation industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Inland Water Transportation industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Inland Water Transportation industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Inland Water Transportation industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Inland Water Transportation industry in the United States.

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Frequently Asked Questions

What is the market size of the Inland Water Transportation industry in the United States in 2026?

The market size of the Inland Water Transportation industry in the United States is $9.5bn in 2026.

How many businesses are there in the Inland Water Transportation industry in the United States in 2025?

There are 4,616 businesses in the Inland Water Transportation industry in the United States, which has grown at a CAGR of 7.1 % between 2020 and 2025.

How may import tariffs affect the Inland Water Transportation industry in the United States?

The Inland Water Transportation industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Inland Water Transportation industry in the United States?

The Inland Water Transportation industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Inland Water Transportation industry in the United States grown or declined over the past 5 years?

The market size of the Inland Water Transportation industry in the United States has been growing at a CAGR of 3.9 % between 2020 and 2025.

What is the forecast growth of the Inland Water Transportation industry in the United States over the next 5 years?

Over the next five years, the Inland Water Transportation industry in the United States is expected to grow.

What are the biggest companies in the Inland Water Transportation industry in the United States?

The biggest companies operating in the Inland Water Transportation industry in the United States are Ingram Industries Inc., American Commercial Barge Line Llc and Kirby Corporation

What does the Inland Water Transportation industry in the United States include?

Canal barge transportation and Freight transportation on inland waters are part of the Inland Water Transportation industry in the United States.

Which companies have the highest market share in the Inland Water Transportation industry in the United States?

The company holding the most market share in the Inland Water Transportation industry in the United States is Ingram Industries Inc..

How competitive is the Inland Water Transportation industry in the United States?

The level of competition is high and increasing in the Inland Water Transportation industry in the United States.

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