From Crossroads to Commerce: A Transportation and Logistics Industry Overview
In the heart of northern New Jersey, Morris County boasts a strategic location that serves as a hub of transportation and logistics activities. This advantageous geographical position, coupled with a well-connected network of significant crossroads, has propelled the transportation and logistics industry into a powerhouse of growth and innovation within the region. As a result, the county has emerged as a hub for various industries, driving economic prosperity and shaping the future of commerce.
Driving Prosperity through Transportation and Logistics
The transportation and logistics industry in Morris County is a vibrant ecosystem that not only moves goods efficiently but also generates substantial economic gains. With impressive average earnings per job of $129,312, the industry employs around 1,900 individuals who play integral roles in over 40 sectors across more than 600 dynamic companies. These figures underscore the industry’s significant contribution to the local workforce and its pivotal role in shaping the county’s economic landscape.
One standout player in transportation and logistics is the freight transportation arrangement industry, which boasts a staggering $15,987,108 in purchases through its regional supply chain. This highlights the industry’s far-reaching impact, as it fuels various sectors and supports a thriving business ecosystem that extends well beyond traditional boundaries.
Notable Companies Powering the Industry
Several industry giants have chosen Morris County as their home base, further solidifying the region’s reputation as a transportation and logistics powerhouse. Notable companies like Maersk, UPS, FedEx, and Estes Express Lines have established a strong presence, leveraging the county’s strategic location and robust infrastructure to streamline operations and enhance efficiency.
Top Subsectors and Sales Figures
Within the expansive realm of transportation and logistics, specific subsectors stand out as pillars of success, driving remarkable sales figures and shaping the industry’s landscape. The top subsectors include:
General Warehousing and Storage
Generating an impressive $360,809,264 in revenue, this subsector plays a pivotal role in storing and distributing goods efficiently, catering to various industries and businesses.
Couriers and Express Delivery Services
With total sales of $347,509,055, this subsector exemplifies the ever-growing demand for swift and reliable delivery services, reflecting the modern consumer’s need for convenience.
General Freight Trucking, Long-Distance, Truckload
A vital cog in the transportation machinery, this subsector contributes significantly to the county’s economy, with sales reaching $283,673,790, facilitating the movement of goods across vast distances.
Scheduled Passenger Air Transportation
The aviation industry is pivotal in Morris County, generating $262,939,940 in revenue, ensuring seamless connectivity, and contributing to the region’s accessibility.
Freight Transportation Arrangement
With sales amounting to $158,731,037, this subsector is essential for coordinating the intricate web of transportation logistics, enabling businesses to manage their supply chains efficiently.
General Freight Trucking, Local
This subsector generates $144,444,528 in revenue and ensures the smooth and efficient movement of goods within the local landscape, bridging the gap between producers and consumers.
Shaping the Future: Rail Transportation and Beyond
Rail transportation, with sales figures totaling $120,131,258, remains an essential component of Morris County’s transportation and logistics industry. As a reliable and efficient mode of freight movement, the rail sector plays a crucial role in supporting various industries and bolstering economic growth. Additionally, the “General Freight Trucking, Long-Distance, Less Than Truckload” subsector, with sales reaching $85,586,145, contributes to the county’s comprehensive transportation network, offering tailored solutions for transporting goods of varying sizes and quantities.
Book an Appointment with the MCEDC
Morris County’s strategic location and well-connected infrastructure have paved the way for the robust growth of the transportation and logistics industry. With a diverse array of subsectors, notable companies, and a dedicated workforce, the county is poised to continue shaping the future of commerce, facilitating the efficient movement of goods, and driving economic prosperity.
If you are interested in learning more about the transportation and logistics industry in Morris County, or if you are looking to relocate your business to the area, please get in touch with the EDC today. We would happily answer any of your questions and discuss how membership, business counseling, and our resources will benefit your business.