Latest News- Intermodal Freight Transportation Market: Rail transport is expected to lead the Mode Of Transportation segment during 2025-2029

The Intermodal Freight Transportation Market is being driven by Reduced freight transportation costs with intermodal services

The Intermodal Freight Transportation Market is expected to grow at a CAGR of 7.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 69.4 billion. Intermodal and multimodal transportation share similarities in utilizing multiple modes of transport, yet they differ significantly in contractual arrangements. Multimodal transportation encompasses a single contract under one bill of lading, with a singular transport carrier managing the entire shipment across various modes. This setup offers several advantages, including a single point of contact, risk reduction, streamlined tracking, and fewer documents to handle. The growing convenience and efficiency of multimodal transportation are anticipated to fuel the expansion of the global intermodal freight transportation market throughout the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Mode Of Transportation
  • Rail transport
  • Road transport
  • Sea transport
• Product
  • Minerals and ores
  • Food and farm products
  • Equipment and instruments
  • Chemicals
  • Others
• End-user Industry
  • Manufacturing
  • Oil and Gas
  • Consumer and Retail
  • Energy and Mining
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Reduced freight transportation costs with intermodal services
• Ease in management of supply chain with intermodal services
• Increasing free trade agreements

However, the market also witnesses some limitations, which are as follows:

• High infrastructure costs
• High flow of empty containers
• Rising popularity of nearshoring

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Market Scope in Intermodal Freight Transportation Market Research Report

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Research Analysis Overview

Intermodal freight transportation involves moving domestic products using multiple transport methods, including trucks and trains, to reduce freight costs and carbon footprint. Cargo handling at terminals can cause damage and loss, leading to additional logistics expenses. Trucking issues, such as trucker availability and stacking order, impact transport efficiency. Emissions from trucks contribute significantly to transport-related emissions. Billable processes like check-in, check-out, service requests, and waybill management add to overall expenses. Borders, noncitizens, and nonresidents may also impact intermodal freight transportation through customs procedures and regulations.

Market Research Overview

The intermodal freight transportation market encompasses the revenue generated by businesses offering services in the realm of intermodal freight, which includes the transport of cargo using multiple modes such as trucks and railways. According to Technavio's market analysis, the global intermodal freight transportation market size is determined by the aggregate cost of freight and logistics management, including cargo handling, damage, loss, and emissions. Factors driving market growth include the rise in domestic product demand, increasing focus on reducing freight costs and carbon footprint through intermodal transportation, and the growing trend of e-commerce, leading to an increase in cargo volumes.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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