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, 213 million in China, more than 30 million containers moved in Singapore and others via intermodal shipping in 2018 through respective countries ports.
Need of more safe, reliable and efficient transportation system is boosting the demand of global Intermodal Freight Transportation industry.
Key players working in the global intermodal freight transportation industry includes A.P. Moller – Maersk, C.H. ROBINSON, Aljex Software, Inc., GE Transportation, Cognizant, Deutsche Bahn, Deutsche Post DHL Group, Kuehne + Nagel, UPS, Trinium Trucking Systems (IAS), Motorola Solutions Inc., Wisetech Global, Maersk Line(Denmark), DHL(Germany), TMW Systems Inc., and JB Hunt Transport.