The rail freight transport is a usage of railroads & trains to transport the cargo on land. It is generally used for transporting various kinds of goods/products all, or some of the way between the shipper/carter and intended destination. Some examples of cargo that rails transport are: automotive, agriculture, chemicals, energy (coal, oil, and wind turbines), raw construction material and forest productions. Moving products/goods by train is perfect for the high-value industrial products like electronics & computer equipment, vehicles, as well as promotional equipment that must reach their final destination as fast as possible.
Rail freight can haul bulk cargo,
specially designed cars for a specific type of freight and standardized
shipping containers. All these rail freights are used to environmental-friendly
transport with the lower fuel consumption; short transit times for long
distances connected by railway corridors, and increased certainty of deliveries
owing to strict rail freight timetables.
Some of the key advantages of rail
freight include low-price for long distance transport, possible to transport
very large shipments at once, well-organized transportation resulting in
accurate rail freight quotes, lower fuel consumption makes rail freight more
eco-friendly than road transport, transport by rail is the safest way of
transporting goods by land and delivery time is not influenced by traffic or
weather conditions. Beside this, few of the disadvantages include expensive for
short-distance transport, slower booking process compared to transport by road,
border stations may cause delays as there is usually a change of the train
operator and low flexibility due to strict routes & timetables.
Referring to the study, “Rail
Freight Global Market Report 2020-30: Covid 19 Impact and Recovery”
some of the major companies that are presently working in the global rail
freight market include SNCF, Duetsche Bahn AG, CN Railway, DB Schenker and SBB
Cargo.
On the basis of type, rail freight market is bifurcated into freight cars, intermodal and tank wagons. Intermodal is a more efficient & environmentally friendly alternative to truckload for shipments of various miles or more. On the basis of freight type, market is bifurcated into commodities, liquid, containerized and others. On the basis of destination, market is bifurcated into international destination and domestic destination. Additionally, on the basis of application, market is bifurcated into post services, mining industry, logistic industry, oil & gas industry and others.
Increase in international
transportation, growth in infrastructure development and concentrating on
rebuilding & improving the framework of railways, rapidly growing economies
of developed & developing countries and rise in disposable income are some
of the major driven factors for growth of the rail freight market.
Additionally, growth in adoption of advanced technologies is a key opportunity
for market.
By regional analysis, the
Asia-pacific is a prevalent region in global rail freight market due to growth
in industrial as well as cross-border trade activities across the region. Both
Europe and North-America regions are estimated to exhibit substantial growth
rate because of rise in adoption of containerization over the forecast period. It
is anticipated that future of the global rail freight market will be bright
owing to growth in domestic intermodal transportation during the forecast
period.
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Related Report:-
Rail
Freight Global Market Report 2019
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