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Oct 17, 2024

U.S. Transportation Industry Sees $46 Billion Boom in E-Shipments: Research | Supply & Demand Chain Executive

The findings bring into focus an industry which is increasingly turning to digital transactions and fulfillment. E-shipments now account for 80.4% of total sales value in the industry. Trends are

The findings bring into focus an industry which is increasingly turning to digital transactions and fulfillment. E-shipments now account for 80.4% of total sales value in the industry. Trends are predicted to continue as part of a sustained transition.

Companies in the U.S. transportation industry have seen a record value of e-commerce shipments. Revenue from e-shipments surged to $706 billion, according to the latest annual data, an increase of 7% compared to the previous year.

The findings bring into focus an industry which is increasingly turning to digital transactions and fulfillment. E-shipments now account for 80.4% of total sales value in the industry. Trends are predicted to continue as part of a sustained transition.

Chris Vignone, managing director at Source Advisors, explains, "The benefits in expanding e-commerce operations is clear, and revenue taken from online operations is only likely to increase further. Companies that are expanding their market presence across the USA must be acutely aware of how each sale affects their tax liabilities. Selling products in multiple states means navigating a complex web of local tax regulations, where each state's rules determine tax obligations. This can lead to significant tax burdens if not managed properly. Companies must invest in robust tax management systems to avoid unnecessary overspending on taxes.”