Intermodal Freight Transportation Market 2024-2028: Size and High infrastructure costs; growth driven by the Mode Of Transportation, Some of key Companies Positioned Strategically
The intermodal freight transportation market size by Mode Of Transportation (Rail transport, Road transport, and Sea transport), Product (Minerals and ores, Food and farm products, Equipment and instruments, Chemicals, and Others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America), is forecast to increase by USD 62 billion. The market is expected to grow at a CAGR of almost 6.88% between 2024 and 2028.
- In the realm of intermodal freight transportation, substantial investments are essential to facilitate seamless transfer of containers between different modes of transport. These investments encompass the procurement and installation of gantry cranes and other heavy-duty cranes at various ports, enabling the efficient lifting and transfer of containers between ships, trains, and trucks. Moreover, investments in rail and road access are indispensable. For instance, a seaport necessitates the availability of a rail line to enable efficient railway transportation of goods to and from the port.
- Intermodal freight transportation refers to the movement of goods using multiple modes of transport, such as rail, road, and sea. This market is experiencing significant growth due to its cost-effectiveness, improved efficiency, and environmental sustainability. Key players are investing in advanced technologies, including automated terminals and real-time tracking systems, to streamline operations and enhance customer service. The market is expected to continue expanding, driven by increasing globalization and the need for faster and more reliable supply chain solutions.
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Some of the Key Companies:
- AP Moller Maersk AS
- BDP International Inc.
- C H Robinson Worldwide Inc.
- Convoy Inc.
- CSX Corp.
- Deutsche Bahn AG
- Deutsche Post AG
- Elemica Inc.
- Hapag Lloyd AG
- J B Hunt Transport Services Inc.
- Koerber AG
- Kuehne Nagel Management AG
- Lynden Inc.
- MARTEN TRANSPORT LTD.
- Trimble Inc.
- Uber Technologies Inc.
- United Parcel Service Inc.
- WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
- WiseTech Global Ltd.
- XPO Inc.
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