10.4.2.3Vertical

Inland River Shipping

Operators transporting cargo on inland river systems.

Market snapshot

These figures describe Coastal & Short Sea Shipping (10.4.2), the segment that Inland River Shipping sits within — not Inland River Shipping on its own.

Market size
~$10B
Growth
~5.8%CAGR (2017–22, nominal)
Companies
~500
FragmentationConsolidatedEstimate

U.S. Census Bureau 2022 CBP/Economic Census, NAICS 483113 (coastal & Great Lakes freight transportation) — largely Jones Act domestic trades.

Business model & economics

Revenue model

Domestic coastal/island freight rates

Key economics

Recurring revenue
Moderate–High

recurring domestic trade lanes

EBITDA margin
Protected but high-cost Jones Act economics
Capex intensity
High

Characteristics

  • Jones Act trades (Hawaii, Alaska, Puerto Rico, Great Lakes).
  • Protected from foreign competition.
  • U.S.-built vessels far more expensive.

Geographic concentration

AlabamaArizonaColoradoGeorgiaIndianaKansasMaineMassachusettsMinnesotaNew JerseyNorth CarolinaNorth DakotaOklahomaPennsylvaniaSouth DakotaTexasWyomingConnecticutMissouriWest VirginiaIllinoisNew MexicoArkansasCaliforniaDelawareDistrict of ColumbiaHawaiiIowaKentuckyMarylandMichiganMississippiMontanaNew HampshireNew YorkOhioOregonTennesseeUtahVirginiaWashingtonWisconsinNebraskaSouth CarolinaIdahoNevadaVermontRhode IslandAlaskaFloridaLouisiana

Coastal and short-sea shipping concentrates where domestic marine trade is busiest — Alaska, Louisiana, and Florida — spanning resource, Gulf, and Caribbean routes.

AlaskaLouisianaFlorida

U.S. Census Bureau — 2022 County Business Patterns (establishments by state), NAICS 483113. Concentration shown by location quotient.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Jones-Act carriers (Matson, TOTE, Crowley)
  • Great Lakes operators
  • Maritime investors

What’s driving deals

  • Jones-Act fleet renewal.
  • Island/territory trade demand.
  • Jones-Act policy dynamics.

Find Inland River Shipping acquisition targets

Search Acquisera’s index for companies classified under Inland River Shipping (10.4.2.3) and build a targeted deal pipeline.

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