Transportation and Warehousing ·NAICS 48

2026 data Public-data reference. IRS SOI · Census CBP · 2023 Average margin

Transportation and Warehousing — Industry Benchmarks

Profit margins, payroll, employment, and SBA lending for Transportation and Warehousing (NAICS 48). Cross-checked against IRS SOI 2023 and Census County Business Patterns. Refreshed as new data lands.

Transportation and Warehousing (NAICS 48) operates at a 6.0% net profit margin, below the national median. The industry generates $2.1T in total annual receipts across all business entities filing federal tax returns. Census Bureau data identifies 291,155 business establishments employing 6,548,924 workers nationwide.

Benchmarking Insights for Transportation and Warehousing

When you read the 6.0% net profit margin for Transportation and Warehousing, the number only becomes actionable when paired with scale. This industry sits inside the broader Transportation and Warehousing sector and reports $2.1T of aggregate annual receipts. Owners comparing their own books should read the margin as a midpoint — smaller operators typically run several points below the aggregate because fixed overhead (rent, software, insurance) consumes a larger share of lower revenue bases. Treat the industry figure as a ceiling calibrated by businesses that have already achieved operating leverage.

Labor economics tell the second half of the story. Census CBP shows 291,155 active establishments employing 6,548,924 workers, averaging 22.5 employees per location and paying $61,391/yr per employee annually. California leads the geographic distribution of employment, with Texas and Florida rounding out the top three concentrations. Headcount density matters because thin-margin industries only clear the cash-flow bar when establishments reach the staffing level where fixed costs amortize — a useful cross-check against the margin line above.

Capital access is the third lens. SBA 7(a) and 504 approvals for this industry totaled 20,312 loans worth $6.6 billion between FY2020 and FY2025, supporting 145,307 jobs at origination. The average ticket size — $327K — signals the typical capital gap operators bridge when expanding. The Huntington National Bank ranks as the most active SBA lender serving this NAICS code. Use this alongside the IRS and Census figures to decide whether your own plan should target operational efficiency, workforce expansion, or financed growth.

Profit Margin

6.0%

Net income ÷ total receipts (IRS SOI)

Total Receipts

$2.1T

Annual revenue (IRS SOI)

Net Income

$123.7B

Pre-tax net income

Employment

6,548,924

Total employees (Census CBP)

Avg Payroll / Employee

$61,391/yr

Annual compensation

Establishments

291,155

Business locations

Where each dollar of revenue goes

Decomposition of every dollar of Transportation and Warehousing receipts using IRS SOI 2023 aggregate ratios.

Workforce scale

Establishment-size distribution and per-establishment headcount based on Census Statistics of US Businesses (SUSB) typical strata.

Margin position vs national reference points

Transportation and Warehousing net margin 19.9%
US median (10%)

Plotted against a 0–30% scale. The US business p25 / median / p75 reference points are 5% / 10% / 18% respectively (IRS SOI aggregate).

Financial Detail

Total Tax Returns Filed
N/A
Total Deductions
N/A
Avg Receipts per Business
N/A
Annual Payroll (Total)
$402.0B
Avg Employees per Establishment
22.5

Sub-Industries

Industry Profit Margin
Transportation and Warehousing

NAICS 481

-0.6%
Transportation and Warehousing

NAICS 483

3.6%
Transportation and Warehousing

NAICS 484

5.3%
Transportation and Warehousing

NAICS 485

2.1%
Transportation and Warehousing

NAICS 486

10.8%
Transportation and Warehousing

NAICS 487

-11.9%
Transportation and Warehousing

NAICS 488

4.6%

Top States by Employment

State Employment
California 788,706
Texas 650,795
Florida 376,370
Illinois 349,235
Georgia 319,353
New York 289,221
Pennsylvania 287,814
Ohio 263,527
New Jersey 237,710
Tennessee 188,529

Showing top 10 of 51 states

SBA Lending Activity

FY2020–2025

Small Business Administration 7(a) and 504 loan data for this industry. Source: SBA FOIA dataset.

SBA Loans Approved

20,312

FY2020–2025

Total Loan Volume

$6.6B

7(a) + 504 programs

Avg Loan Size

$327K

Per approved loan

Jobs Supported

145,307

Reported at origination

Program Breakdown

7(a) Loans 19,291 loans (95%)
504 Loans 1,021 loans (5%)

Top SBA Lender

The Huntington National Bank

5,067 loans in this industry

New Business Share

27.9% of borrowers were new/startup businesses

Annual Lending Trend

FY2020
2,745 loans
FY2021
3,168 loans
FY2022
3,429 loans
FY2023
3,593 loans
FY2024
3,553 loans
FY2025
3,474 loans
FY2026
350 loans

SBA fiscal year runs Oct–Sep. FY2025 = partial year through Sep 2025.

Source: SBA 7(a) and 504 FOIA dataset · FY2020–FY2025 · View SBA lending rankings →

Frequently Asked Questions

What is the average revenue for Transportation and Warehousing?
The Transportation and Warehousing industry (NAICS 48) reports total annual receipts of $2.1T across all business entities, based on IRS Statistics of Income data.
How profitable is Transportation and Warehousing?
Transportation and Warehousing has a net profit margin of 6.0%, which is below the national median. This is calculated as net income divided by total receipts from IRS SOI business tax statistics.
How many businesses are in Transportation and Warehousing?
There are 291,155 business establishments in Transportation and Warehousing (NAICS 48) according to Census Bureau County Business Patterns 2023 data. These establishments collectively employ 6,548,924 workers.
What is the average payroll per employee in Transportation and Warehousing?
The average annual payroll per employee in Transportation and Warehousing is $61,391/yr, based on Census Bureau County Business Patterns data. Businesses in this industry average 22.5 employees per establishment. This figure includes wages, salaries, and benefits reported by employers.
Which states have the most Transportation and Warehousing employment?
California leads in Transportation and Warehousing employment with 788,706 workers. Texas (650,795) and Florida (376,370) round out the top three. These figures come from the Census Bureau County Business Patterns 2023 survey.
How much SBA lending does Transportation and Warehousing receive?
Transportation and Warehousing businesses received 20,312 SBA loans totaling $6.6 billion between FY2020 and FY2025. The average loan size was $327K. These loans supported 145,307 jobs at origination. Most lending (95%) came through the SBA 7(a) program.
Disclaimer: PlainBizBench provides publicly available IRS and Census data for informational purposes only. This is not financial, tax, or business advice. Consult a qualified accountant or financial advisor for business-specific guidance.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 48 · Data year: 2023

Related

Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainBizBench Editorial

Source: U.S. Census Bureau — County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2025