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Home > Business/Finance > Diversified Services > Shipping & Logistics
Warehousing and Storage
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The public warehousing and storage industry is handled by about 4,500 companies in the US, with combined annual revenue of $20 billion. Large companies include Iron Mountain (records storage); Public Storage (self-storage); and units of USF Logistics and Menlo Worldwide. The industry is highly fragmented: the 20 largest companies control less than 30 percent of the market. Typically, warehousing companies operate a single facility of 200,000 square feet and have annual revenue of about $1 million.
COMPETITIVE LANDSCAPE
The flow of goods through the domestic economy drives demand in the warehousing business. The profitability of individual companies depends on good marketing, as operations are fairly simple. Although there are economies of scale in operating larger warehouses, there are few economies in owning multiple warehouses. Small companies can compete effectively with larger ones in local markets. The industry is highly labor-intensive: average annual revenue per employee is under $30,000.
PRODUCTS, OPERATIONS & TECHNOLOGY
Services include general warehousing, refrigerated warehousing, records storage, farm products storage, and self-storage. Passive real estate owners, such as AMB Property, lease warehouse space to others, but aren't active operators. General warehousing accounts for about 55 percent of industry revenue; refrigerated warehousing for 15 percent. Companies with national warehousing needs usually operate their own facilities. So-called "public" warehousing serves mainly local and regional companies without sufficient volume to justify operating their own warehousing facilities.
The operations of all warehousing and storage operations are essentially similar: operators provide ...
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