Thetransport/transportation and logistics industry is a category of companies that provide services totransport people or goods. TheGlobal Industry Classification Standard (GICS) lists transport below theindustrials sector. The sector consists of several industries includinglogistics andair freight or airlines, marine, road and rail, and their respectiveinfrastructures. Entire stock market indexes focus on the sector, like theDow Jones Transportation Index (DJTA).
In the EU, the transport industry directly employs around 10 million people and accounts for about 5% of thegross domestic product (GDP). Logistics account for 10–15% of the cost of a finished product for European companies. On average 13.2% of every household's budget is spent on transport, which still depends heavily onfossil fuels and represents an important source ofCO2 emissions.[1][2] Emissions from road freight transport have risen by more than 20% since 1995, counterweighting the increasedenergy efficiency of vehicles.[3]
Logistics and transport as the basis ofglobal trade is worth over 5.7 trillion Euros.[4]
According toForbes Global 2000,FedEx is the biggest transportation and logistics company in the world in 2021, closely followed byUPS.[5][6][7]
Media related toTransport industry at Wikimedia Commons | This article about transport is astub. You can help Wikipedia byexpanding it. |
