Antitrust Radar

FY2023 acquired-entity profile / published 3-digit NAICS

48148-49Transportation and warehousing

Air Transportation

This release row records 6 adjusted HSR transactions, 0 agency clearances, and 0 Second Requests. It describes acquired-entity classification inside one federal report, not an industry merger rate or a legal antitrust market.

Locate in atlas Compare releases Exact row
Position in FY2023 Table XIRank 34 of 79
Highest adjusted countLowest
Published share
0.3%
-0.3 pp from FY2022
Sector position
5 / 8
8.2% of sector transactions
Air Transportation8.2%
6 row73 sector
Adjusted transactions
6
0.3% published share
Agency clearances
0
0 FTC / 0 DOJ
Second Requests
0
0.0% of row count
Intra-industry flags
1
16.7% of row count
Release continuity
2 / 2
Stable code and label
Position in FY2023 Table XI

Rank 34 of 79

Transactions
6
0.3% share
Clearances
0
0 FTC / 0 DOJ
Second Requests
0
0.0% of row
Intra-industry
1
16.7% of row
Continuity
2 / 2
Stable code and label

Adjacent official releases

Same-code release continuity

Stable code and label

The same 3-digit code and published label appear in FY2023 and FY2024.

FY2023481Air Transportation6 transactions / 0.3%FY2024481Air Transportation10 transactions / 0.5%
Adjusted transactions
FY20236FY202410
+4
Published share
FY20230.3%FY20240.5%
+0.2 pp
Agency clearances
FY20230FY20243
+3
Second Requests
FY20230FY20242
+2
Intra-industry flags
FY20231FY20240
-1

Release-to-release sector shifts aggregate each edition's exact published rows inside stable broad NAICS sectors. They are descriptive changes in the federal review pipeline, not merger rates, market-power measures, or causal estimates. Industry codes and labels that enter, exit, or change between tables remain explicit rather than being silently crosswalked.

Published review-stage record

Agency lanes stay separate

FY2023 / exact Table XI fields

Clearances and Second Requests are administrative review stages. Their counts and row-level rates do not indicate liability, remedy, competitive harm, or agency effectiveness.

Agency clearances0Rank 13 of 79
Federal Trade Commission
0
Department of Justice
0
0.0% clearances / row count
Second Requests0Rank 5 of 79
Federal Trade Commission
0
Department of Justice
0
0.0% Second Requests / row count
Intra-industry flags1Rank 6 of 79
Flagged transactions
1
Other row transactions
5
16.7% of row count

An intra-industry transaction means the acquiring and acquired persons both reported revenue in the same 3-digit NAICS code. It does not establish a horizontal overlap, relevant antitrust market, or competitive effect.

Sector peer field

Transportation and warehousing

8 published rows / common count scale

Peers share this report's broad NAICS sector. Ordering uses adjusted transaction count within FY2023; it is not a ranking of market power, importance, or enforcement priority.

  1. 01488Support Activities for Transportation201.2%
  2. 02484Truck Transportation150.9%
  3. 03486Pipeline Transportation130.7%
  4. 04493Warehousing and Storage90.5%
  5. 05481Air Transportation60.3%
  6. 06483Water Transportation50.3%
  7. 07485Transit and Ground Transportation40.2%
  8. 08492Couriers10.1%
Open the complete sector in the composition atlasPreserve FY2023, sector 48-49, and selected NAICS 481.

Classification passport

Exact labels before analytical joins

Code identity is not a silent crosswalk

The release label, adjacent-release label, and Census 2022 label are shown independently. A matching code supports navigation; it does not prove statistical continuity when labels or source universes differ.

Selected HSR releaseFY2023 / 481

Air Transportation

46th Hart-Scott-Rodino Annual Report (FY 2023)
Adjacent HSR releaseFY2024 / 481

Air Transportation

Stable code and label
2022 Economic Census2022 / 481

Air transportation

Same normalized code and label
Economy-wide structure context

Air transportation

Open Census industry profile
Firms
2,447
Employees
538,009
Revenue
$277.3B
CR4
60.2%
HHI
1010.5
A NAICS industry is a statistical classification, not a legally defined antitrust market. Use these national revenue concentration measures to screen where deeper product and geographic market analysis may be warranted, not to infer market power or liability.

Evidence custody

One official row, reproducible handoffs

Source checked Aug 14, 2026
Official source

46th Hart-Scott-Rodino Annual Report (FY 2023)

Federal Trade Commission and U.S. Department of Justice

Federal Trade Commission and U.S. Department of Justice Antitrust Division, 46th Hart-Scott-Rodino Annual Report, Fiscal Year 2023, October 2024.Open source dossier

The FY2023 and FY2024 acquired-entity tables classify adjusted HSR transactions by 3-digit NAICS. They describe the federal review pipeline, not industry-wide merger rates, market definitions, competitive harm, or agency performance. Published row shares are independently rounded to one decimal place and therefore sum to 100.3% and 101.5%, respectively, while each official table total remains 100.0%.