This company sells transportation equipment and materials wholesale, such as aircraft and aircraft parts and components, vessels and marine equipment, and freight cars and train equipment.
It does not sell marine pleasure boat engines and components, motor vehicle transportation supplies, or electronic navigation equipment (e.g.
sonar or radar).
Nonetheless, the industry’s sales growth is being offset by falling corporate profit levels.
As a result, sector revenue is expected to rise at an annualized rate of 3.9 percent to $5.7 billion over the next five years, with a 1.9 percent boost in 2020.
Profit margins have already increased in the five years leading up to 2020.