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Rail Freight Market Share

Report ID: GMI10378
Published Date: Jul 2024
Report Format: PDF

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Rail Freight Market Share

BNSF Railway and Union Pacific Railroad dominate the rail freight industry with a market share of over 5% in 2023. They invest heavily in expanding their rail network, including upgrading existing tracks, building new lines, and optimizing terminal capacities. This helps the company to accommodate increasing freight volumes and enhance service reliability.

Union Pacific Railroad focuses on enhancing intermodal facilities and expanding service offerings to capture a larger share of the intermodal market. The company also focuses on improving the integration of rail with other transport modes to offer customers efficient and flexible supply chain solutions.

Rail Freight Market Companies

Major players operating in the rail freight industry are:

BNSF Railway
Canadian National Railway
Canadian Pacific Railway
China Railway Corporation
CSX Corporation
Deutsche Bahn AG
DHL Group
Norfolk Southern Railway
SNCF Logistics
Union Pacific Railroad

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of rail freight reached USD 335.6 billion in 2023 and is set to witness over 5% CAGR between 2024 and 2032, owing to economic expansion.

The non-containerized rail freight industry accounted for over 50% share in 2023 and is expected to reach over USD 250 billion by 2032, driven by the growing production of coal, minerals, ores, grains, fertilizers, and other agricultural products.

Asia Pacific market held over 40% share in 2023, led by significant investments in rail infrastructure.

BNSF Railway, Canadian National Railway, Canadian Pacific Railway, China Railway Corporation, CSX Corporation, Deutsche Bahn AG, and DHL Group among others.