Transportation is vital to the flow and cost of goods domestically and internationally. It is the backbone of domestic and global growth. Infrastructure plays a key role in transportation cost. Supply chains give companies and countries competitive advantages to deliver foods and goods to the masses.
Key facts about the crops transportation market
- The US trucking industry is $796.7 billion in gross freight revenues (primary shipments only), representing 80.3% of the US nation’s freight bill in 2018. 1.49 billion tons of freight (primary shipments only) transported by trucks in 2018, representing 71.4% of total domestic tonnage shipped.
- Together, freight railroads operating in the US form an integrated, nearly 140,000-mile system that earned close to $74 billion in revenue in 2017 and that provides the world’s safest, most productive, and lowest-cost freight rail service.
- Barge transportation comprises an extensive network, ideal for carrying seaborne cargo to inland destinations and exports alike. Responsible, in part, for the worldwide trade of bulk transport, the industry is of great significance to the agricultural sector. In North America, the Army Corps of Engineers maintains and operates over 12,000 miles of canals, rivers, and inland waterways. The Illinois Waterway and Mississippi River are the major waterways in the region that are responsible for moving agricultural and farm products through barges.
- The extensive use of inland waterways by various farm belts for the transportation of agricultural chemicals and farm products will further propel the demand and growth of transportation.