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Intermodal Freight Transportation Market Trends

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

Intermodal Freight Transportation Market Trends

There is a growing shift towards the usage of big data analytics and IoT. These technologies provide real-time tracking, predictive maintenance, and improved supply chain visibility, enhancing efficiency and reducing operational costs. In addition, automation in terminals and the use of AI for route optimization and demand forecasting have become more prevalent. There is a strong focus on reducing the carbon footprint of freight transportation. Companies are investing in more fuel-efficient vehicles, electric trucks, and hybrid solutions to be compliant with environmental regulations and sustainability goals.?
 

Moreover, significant investments are being reported in upgrading infrastructure, including ports, rail networks, and intermodal terminals, to handle increased freight volumes and improve efficiency?. Governments are increasingly collaborating with private entities to fund and develop critical infrastructure projects, ensuring the modernization and expansion of intermodal capabilities.

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.

Intermodal Freight Transportation Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 360
  • Countries covered: 25
  • Pages: 240
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