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Intermodal Freight Transportation Market Share

Report ID: GMI10286
Published Date: Jul 2024
Report Format: PDF

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Intermodal Freight Transportation Market Share

J.B. Hunt Transport Services, Inc., Union Pacific Railroad, and Deutsche Bahn AG (DB Schenker) hold a significant market share of 20 % of the market. Major players focus on enhancing transport efficiency through seamless integration of rail, trucking, and maritime services. Key strategies include expanding terminal networks, adopting advanced technology for real-time tracking, and optimizing supply chain visibility to meet diverse logistical demands across global markets.

This dynamic sector emphasizes sustainability with investments in eco-friendly transportation solutions like LNG-powered locomotives and electric trucks. Innovations in intermodal infrastructure and logistics technology are driving competitiveness, enabling agile response to market demands for efficient, cost-effective, and environmentally responsible freight transport solutions.

Intermodal Freight Transportation Market Companies

Major players operating in the intermodal freight transportation industry are:

Union Pacific Railroad
CSX Transportation
BNSF Railway Company (a subsidiary of Berkshire Hathaway)
Deutsche Bahn AG (DB Schenker)
Kuehne + Nagel International AG
J.B. Hunt Transport Services, Inc.
DHL Global Forwarding

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of intermodal freight transportation reached USD 82.2 billion in 2023 and is set to witness over 9% CAGR between 2024 and 2032, led by cost-saving and efficiency, growing environmental awareness, and the rising global trade.

The solution component segment accounted for over 64% of the intermodal freight transportation industry share in 2023, owing to benefits, such as real-time monitoring and visibility.

The rail and road transportation mode segment accounted for 43% of the market share in 2023, driven by cost-effectiveness, sustainability, and efficiency for long-distance transportation.

North America held 34% of the market share in 2023, due to rising need for real-time tracking solutions, automation technologies in terminals, and software solutions for optimizing intermodal logistics.