485310 - Taxi and Ridesharing Services
When it comes to understanding the classification of transportation services in the United States, NAICS code 485310 plays a crucial role. This code specifically covers the dynamic and rapidly evolving industry of taxi and ridesharing services, a sector vital for urban mobility. Whether you're a business owner exploring government contracts or simply curious about the industry, this guide will provide everything you need to know about NAICS 485310.
What is NAICS Code 485310?
NAICS 485310 is the North American Industry Classification System code designated for Taxi and Ridesharing Services. This industry category includes establishments primarily engaged in providing passenger transportation through traditional taxi operations as well as modern app-based ridesharing platforms.
Sector: Transportation and Warehousing
This industry falls under the Transportation and Warehousing sector, emphasizing passenger transit as opposed to freight or goods movement. Due to urbanization and technological advancements, this sector has seen remarkable growth, especially with the rise of ride-hailing apps.
What Businesses Fall Under NAICS 485310?
Typical businesses and activities classified under this code include:
- Taxi services (traditional cabs and medallion taxis)
- Ridesharing platforms (e.g., Uber, Lyft)
- App-based passenger transportation services
- Taxicab dispatch services
- Taxicab fleet operators and organizations
- Taxicab owner-operators offering local passenger transit
These businesses provide critical day-to-day transportation to millions of passengers, ensuring accessibility and convenience.
Size Standard for NAICS 485310
For government contracting and small business eligibility, the size standard for NAICS 485310 is set at:
- $19 million in average annual receipts
This threshold determines if a business qualifies as a small business under SBA guidelines when bidding on federal contracts related to taxi and ridesharing services.
Detailed Code Description
| NAICS Code | Description |
|---|---|
| 485310 | Taxi and Ridesharing Services |
| - Cab (i.e., taxi) services | |
| - Ride hailing arrangement services | |
| - Ride hailing services | |
| - Ridesharing arrangement services | |
| - Ridesharing services | |
| - Taxicab dispatch services | |
| - Taxicab fleet operators | |
| - Taxicab organizations | |
| - Taxicab owner-operators | |
| - Taxicab services |
Why is NAICS 485310 Important?
With rapid urban growth and the increasing dependency on on-demand transportation, understanding NAICS 485310 is essential for:
- Businesses seeking government contracts in passenger transportation services
- Entrepreneurs entering the ridesharing market
- Market analysts studying trends in Urban Mobility and Transportation
- Policymakers regulating transportation and ridesharing platforms
FAQs About NAICS Code 485310
What services are included under NAICS 485310?
NAICS 485310 covers both traditional taxi operations and app-based ridesharing services, including rides, dispatch services, and fleet management related to passenger transportation.
Can ridesharing platforms like Uber and Lyft be classified under NAICS 485310?
Yes. Both Uber and Lyft fall squarely under this NAICS code as app-based ridesharing platforms.
What is the size standard for this NAICS code?
The size standard is $19 million in average annual receipts for eligibility as a small business in government contracting.
How can businesses benefit from identifying their NAICS code?
Identifying the correct NAICS code helps businesses find contract opportunities, comply with federal regulations, and gain access to small business programs.
Does NAICS 485310 include leasing or renting of vehicles?
No. This code pertains strictly to passenger transportation services, not vehicle leasing or rental services.
Conclusion
NAICS code 485310 is a pivotal classification within the transportation sector, encompassing a broad range of taxi and ridesharing services essential to modern passenger transit. Understanding the scope, typical business types, and size standards associated with this code is vital for businesses aiming for growth or government contract eligibility. If you're engaged in or planning to enter the taxi or ridesharing industry, knowing this NAICS code is your first step to success.
Keywords: NAICS 485310, Taxi and Ridesharing Services, ridesharing platforms, taxi services, transportation and warehousing, federal contracting, size standard $19 million, Uber, Lyft, taxicab services, ride hailing, passenger transportation.
