NAICS Code 532411: Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing
National industry
SBA small business size standard: $45.5 million in average annual receipts
Definition
This U.S. industry comprises establishments primarily engaged in renting or leasing off-highway transportation equipment without operators, such as aircraft, railroad cars, steamships, or tugboats.
Government contracts for this product: PSC 1510 Aircraft, Fixed Wing
Code facts
- Part of
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53
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532
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5324
- 53241
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5324
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532
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53
- Contract awards
- 211 In the last 12 months
- Contract obligations
- $66,028,300 In FY2025
NAICS codes and definitions come from the U.S. Census Bureau, size standards from the SBA and contract spending from SAM.gov/FPDS.
Business activities under NAICS 532411
- Aircraft rental and leasing
- Airplane rental or leasing
- Barge rental or leasing
- Boat rental (except pleasure)
- Boat rental or leasing, commercial
- Railroad car rental and leasing
- Ship rental or leasing without operators
- Steamship rental or leasing without operators
- Tanker rental or leasing
- Towboat rental or leasing
- Tugboat rental or leasing
Looking for another activity? Search the NAICS code lookup or browse business activities from A to Z.
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $571,084 |
| FY2026 | $253,783,628 |
| FY2025 | $66,028,300 |
| FY2024 | $54,776,081 |
| FY2023 | $119,811,146 |
Top contractors by obligations
| Rank | Contractor | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Gulfstream Aerospace Corporation | $187,605,004 | |
| 2 | Tenax Aerospace LLC | $38,269,765 | |
| 3 | Seacube Leasing International, Inc. | $9,911,596 | |
| 4 | Triton Container International LIMITED | $4,746,640 | |
| 5 | FIO LLC | $3,761,820 | |
| 6 | Amelia Research & Recovery, LLC | $2,656,535 | |
| 7 | Greenwood Group Inc. | $2,375,857 | |
| 8 | Marquette Transportation Company, LLC | $2,007,500 | |
| 9 | Textainer Equipment Management (U.s.) LIMITED | $1,180,040 | |
| 10 | Japan Oil Transportation Co., LTD. | $643,785 |
See the full FY2025 ranking of NAICS 532411 contractors, by parent company.
Top funding agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of Homeland Security | $187,210,483 | |
| 2 | Department of Agriculture | $38,302,085 | |
| 3 | Department of the Army | $23,032,638 | |
| 4 | Department of the Interior | $2,883,720 | |
| 5 | Department of the Navy | $1,620,627 | |
| 6 | Defense Logistics Agency | $643,785 | |
| 7 | Air Force | $303,664 | |
| 8 | US Special Operations Command | $200,557 | |
| 9 | Washington Headquarters Service | $152,880 | |
| 10 | Department of State | $4,271 |
Top PSC codes by obligations
| Rank | PSC code | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | 1510 Aircraft, Fixed Wing | $187,605,004 | |
| 2 |
F003 Forest/ |
$35,547,145 | |
| 3 | W081 Lease or Rental of Equipment: Containers, Packaging, and Packing Supplies | $15,864,080 | |
| 4 | W019 Lease or Rental of Equipment: Ships, Small Craft, Pontoons, and Floating Docks | $6,567,289 | |
| 5 | W015 Lease or Rental of Equipment: Aircraft and Airframe Structural Components | $4,472,710 | |
| 6 | V124 Marine Charter for Things | $2,656,535 | |
| 7 | W099 Lease or Rental of Equipment: Miscellaneous | $644,257 | |
| 8 | W022 Lease or Rental of Equipment: Railway Equipment | $643,785 | |
| 9 | W061 Lease or Rental of Equipment: Electric Wire, and Power and Distribution Equipment | $333,064 | |
| 10 | W041 Lease or Rental of Equipment: Refrigeration, Air Conditioning, and Air Circulating Equipment | $286,773 |
Contract obligations by state
| Rank | Place of performance | Obligated, last 12 months | Share |
|---|---|---|---|
| 1 | Mississippi | $37,589,646 | |
| 2 | District of Columbia | $16,015,318 | |
| 3 | Guam | $5,070,828 | |
| 4 | New York | $3,889,280 | |
| 5 | Oklahoma | $3,273,215 | |
| 6 | Florida | $2,774,988 | |
| 7 | Illinois | $2,007,500 | |
| 8 | Pennsylvania | $1,797,291 | |
| 9 | Utah | $1,298,558 | |
| 10 | Kentucky | $1,010,650 | |
| 11 | California | $881,764 | |
| 12 | Nevada | $669,665 | |
| 13 | Virginia | $506,415 | |
| 14 | Hawaii | $441,050 | |
| 15 | Washington | $436,551 | |
| 16 | Idaho | $433,175 | |
| 17 | Indiana | $431,442 | |
| 18 | Maryland | $329,465 | |
| 19 | Alabama | $310,597 | |
| 20 | Arizona | $257,010 | |
| 21 | Alaska | $200,557 | |
| 22 | Wisconsin | $123,312 | |
| 23 | Missouri | $60,507 | |
| 24 | Georgia | $36,310 | |
| 25 | Iowa | $34,356 | |
| 26 | North Carolina | $29,234 | |
| 27 | Texas | $11,912 | |
| 28 | Nebraska | $11,640 | |
| 29 | Michigan | $11,264 | |
| 30 | Northern Mariana Islands | $9,820 | |
| 31 | Arkansas | $6,800 | |
| 32 | New Jersey | $5,955 | |
| 33 | South Carolina | $1,887 | |
| 34 | Colorado | $1,320 |
Show all 34
Shares are of everything obligated under NAICS 532411 in the last 12 months before deobligations, including work performed abroad or with no place of performance on record.
Contract opportunities
Show 39 more
Latest 49 of 822 listed here. See the rest on GovTribe.
Size standard history
Federal Register rules that named this code
Proposed size standard changes
| Proposed rule | Published | Comments |
|---|---|---|
| Small Business Size Standards: Monetary-Based Industry Size Standards | Closed Oct 21, 2025No final rule found |
From the NAICS codes each rule's amendments to 13 CFR 121.201 name. Rules that print their size standard tables as images aren't listed.
Quick answers
What is NAICS 532411?
NAICS 532411 is Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing, a national industry in NAICS 53, Real Estate and Rental and Leasing.
What is the NAICS code for barge rental or leasing?
The NAICS code for barge rental or leasing is 532411, Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing.
What is the NAICS code for tanker rental or leasing?
The NAICS code for tanker rental or leasing is 532411, Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing.
What is the NAICS code for towboat rental or leasing?
The NAICS code for towboat rental or leasing is 532411, Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing.
When did the size standard for NAICS 532411 last change?
The most recent Federal Register rule on record that names NAICS 532411 in the SBA's size standards is "Small Business Size Standards: Adjustment of Monetary-Based Size Standards, Disadvantage Thresholds, and 8(a) Eligibility Thresholds for Inflation" (87 FR 69118), published Nov 17, 2022 and effective Dec 19, 2022.
How much do federal agencies spend under NAICS 532411?
Federal contracts under NAICS 532411 obligated $66,028,300 in fiscal year 2025 and $494,970,238 in fiscal years 2023 through 2027.
Who are the largest contractors under NAICS 532411?
The contractors with the most obligated under NAICS 532411 in fiscal years 2026 and 2027 are Gulfstream Aerospace Corporation ($187,605,004); Tenax Aerospace LLC ($38,269,765); and Seacube Leasing International, Inc. ($9,911,596).
Which agencies buy the most under NAICS 532411?
The agencies that obligated the most under NAICS 532411 in fiscal years 2026 and 2027 are Department of Homeland Security ($187,210,483), Department of Agriculture ($38,302,085) and Department of the Army ($23,032,638).
Which PSC codes are used with NAICS 532411?
The PSC codes with the most obligated under NAICS 532411 in fiscal years 2026 and 2027 are 1510 Aircraft, Fixed Wing; F003 Forest/
Where is the work under NAICS 532411 performed?
By place of performance, the states with the most contract obligations under NAICS 532411 over the last 12 months are Mississippi ($37,589,646), the District of Columbia ($16,015,318) and Guam ($5,070,828).
What is the latest contract opportunity under NAICS 532411?
The latest contract opportunity under NAICS 532411 is RFI On-Call Leadplane, pre-solicitation from Interior Business Center (DO), posted October 15, 2026.
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See everything under NAICS 532411
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