Intermodal Freight Market to Grow 7.5%
Global intermodal freight transportation Industry is estimated to grow at a CAGR of 7.5% from 2018 to 2025 to reach USD 72.51 Billion.Last year (2018), the intermodal freight transportation Industry was valued at USD 43.70 Billion, said a report from the Global Reports Store. Intermodal Freight transportation consist two modes of freight including rail and truck which is used in applications such as containerization of freight and passenger transportation.The intermodal process usually begins with a container moved by a truck to a rail, then back to a truck to complete the process.There are about more than 50 million containers moved in United States…
Global Container Fleet Market to Grow 3% in 2017-21
A report forecasts the global container fleet market to grow at a CAGR of 3.19% during the period 2017-2021. The report says key vendors in the market are Maersk, CMA CGM & MSC. To calculate the market size, the report by Research and Markets considers volume based on container fleet capacity for the respective region or the container type. It considers freight volume based on the freight volume shipped by the vendors operating in the market making use of the containers. The latest trend gaining momentum in the market is increasing use of fleet management system. Fleet management systems are formed by the integration of hardware, software…
Global Marine Port and Service Industry to Grow at a CAGR of 4.7%
According to a new industry report published by Lucintel, the future of the global marine port and service industry looks good, with opportunities in the marine freight transportation industry. As per a Lucintel study, the global marine port and service industry is forecast to grow at a CAGR of 4.7% from 2015 to 2020. The major drivers of growth for this industry are high growth of the marine freight transportation industry and surging demand of containerized and bulk cargo. Increasing global exports, rising customer (Shipping companies) demand, and expansion of new regional trade hubs are the additional factors contributing to accelerated growth.
Donahue to Direct PwC Freight Transportation
PwC US today announced the addition of John Donahue as a director in the firm’s transportation and logistics sector within the larger Industrial Products practice. With more than 25 years of experience in all aspects of the transportation and logistics industry, Donahue will be responsible for leading the freight-related segments for the firm’s transportation and logistics engagements. According to PwC, Donahue will help freight transportation companies implement new business strategies…
U.S. DOJ: Guilty Plea in Price Fixing Case
Florida-Based Sea Star Line LLC Agrees to Plead Guilty and Its Former President Is Indicted for Price Fixing on Coastal Freight Services Between the Continental United States and Puerto Rico Sea Star Line Also Agrees to Pay $14.2 Million Criminal Fine. Sea Star Line LLC has agreed today to plead guilty and to pay a $14.2 million criminal fine for its role in a conspiracy to fix prices in the coastal water freight transportation industry, the Department of Justice announced. Additionally…
AAPA and GPA to Host Conference
The American Association of Port Authorities (AAPA), in coordination with the Georgia Ports Authority, will host the seminar Communicating the Importance of Infrastructure Investment, June 21-23, at the Hyatt Regency in Savannah, Ga. Targeting public and government relations professionals throughout the freight transportation industry, the conference will focus on effectively communicating with policymakers, and those who influence policy, on the benefits of freight infrastructure improvements. “We appreciate the work the AAPA does on behalf of our seaports and look forward to this informative communications seminar that will help those who advocate for freight,” said GPA’s Executive Director Curtis J. Foltz.
Yeager Receives Honorary Doctorate
Hub Group founder and Chairman Phillip C. Yeager was made a Doctor of Public Service after receiving an honorary doctorate from the Intermodal Transportation Institute (ITI) at the University of Denver, Colorado earlier this month. ITI recognized Yeager as a leader in the freight transportation industry and for his role in creating and building Hub Group, Inc. “This is a great honor,” Yeager said upon accepting his doctorate. HUB Group supports the higher education offered at ITI by sending eligible professionals from the company to the University of Denver campus to complete the ITI Executive Master’s Program, the only graduate program of its kind in intermodal transportation. Yeager founded Hub Group in 1971, and presided over the company’s growth in North America’s intermodal markets.
