Antitrust Radar

Economic observatory / federal merger review

U.S. merger industry composition

Compare FY2023 and FY2024 acquired-entity classifications in the HSR reports. Industry composition and procedural review stages describe different aspects of the reported transactions.

Adjusted transactions
1,973
FY2024
Published industries
83
82 coded + unavailable
Second Requests
59
30 FTC / 29 DOJ
Intra-industry
80
report-defined flag

FY2024 / Table XI / acquired entities

Adjusted transactions by 3-digit NAICS

Table edition
JSON CSV
Transportation and warehousing75 transactions

9 nonzero / 9 visible rows

Sector composition

Broad NAICS sectors

20 sectors / exact transaction shares

Adjacent official releases

Broad-sector release shift

FY2023 to FY2024 / common 25% scale
Adjusted volume
+238
1,735 to 1,973
Largest sector rise
+2.4 pp
Professional, scientific, and technical services
Largest sector fall
-1.6 pp
Wholesale trade
Published row movers
+2.4 / -2.0 pp
FY2024 Table XI / NAICS 541 and 325
FY2023FY2024Share of adjusted transactions

Classification custody

Taxonomy continuity ledger

Exact release labels retained / no synthetic industry crosswalk
Shared codes
75
64 same-label identities
FY2023 only
4
published predecessor codes
FY2024 only
8
published successor codes
Relabeled codes
11
same code / different label

FY2023 only

  • 111Crop Production
  • 442Furniture and Home Furnishing Stores
  • 453Miscellaneous Store Retailers
  • 551Management Companies and Enterprises

FY2024 only

  • 112Animal Production and Aquaculture
  • 314Textile Product Mills
  • 443Electronics and Appliance Stores
  • 451Sporting Goods, Hobby, Musical Instrument, and Book Stores
  • 482Railroad Transportation
  • 514Information Services and Data Processing Services (Old)
  • 516Internet Publishing and Broadcasting (Old)
  • 926Administration of Economic Programs

Same code, different published label

  1. 311FY2023Food and Kindred ProductsFY2024Food Manufacturing
  2. 326FY2023Plastics and Rubber ManufacturingFY2024Plastics and Rubber Products Manufacturing
  3. 425FY2023Wholesale Electric Markets and Agent and BrokersFY2024Wholesale Electronic Markets and Agents and Brokers
  4. 444FY2023Electronics and Appliance StoresFY2024Building Materials and Garden Equipment and Supplies Dealers
  5. 485FY2023Transit and Ground TransportationFY2024Transit and Ground Passenger Transportation
  6. 492FY2023CouriersFY2024Couriers and Messengers
  7. 512FY2023Motion Pictures and Sound Recording IndustriesFY2024Motion Picture and Sound Recording Industries
  8. 518FY2023Internet Service Providers, Web Search Portals, and Data Processing ServicesFY2024Data Processing, Hosting, and Related Services
  9. 623FY2023Nursing Care FacilitiesFY2024Nursing and Residential Care Facilities
  10. 711FY2023Performing Arts, Spector Sports, and Related IndustriesFY2024Performing Arts, Spectator Sports, and Related Industries
  11. 811FY2023Repairs and MaintenanceFY2024Repair and Maintenance

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.

Exact lookup

Acquired-entity industry ledger

FY2024 HSR Table XI rows, sorted by the active measure
NAICSIndustrySectorTransactionsShareChangeClearance FTCClearance DOJClearance totalSecond FTCSecond DOJSecond totalIntra-industry
Support Activities for Transportation48-49221.1%0.0 pp0110000
Pipeline Transportation48-49160.8%+0.1 pp1010000
Air Transportation48-49100.5%+0.2 pp0330220
Truck Transportation48-49100.5%-0.4 pp0000000
Water Transportation48-4990.5%+0.2 pp0000110
Couriers and Messengers48-4930.2%+0.1 pp0000000
Warehousing and Storage48-4930.2%-0.4 pp0000000
Railroad Transportation48-4910.1%+0.1 pp0000000
Transit and Ground Passenger Transportation48-4910.1%-0.2 pp0000000

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%.

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.