About Rail Freight Transportation
Rail Freight Transportation is the practice of using railroads and trains to move cargo rather than people. As part of the logistics chain, a freight train, cargo train, or goods train is a collection of freight cars or goods wagons pulled by one or more locomotives on a railway. It transports merchandise all the way to or partially from the shipper to the desired destination. In specially constructed cars, trains may transport bulk materials, intermodal containers, general freight, or specialized freight. The economics and practices of rail freight differ by nation and region. Rail Freight transportation can be more effective than other modes of transportation when measured in terms of tons-miles or tons-kilometers transported per unit of energy used. Bulk commodities, like coal, often yield the greatest economies, especially when transported over vast distances.
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The market for Rail Freight Transportation is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as service innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Rail Freight Transportation market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Union Pacific Railroad (United States), Canadian National Railway (Canada), The Canadian Pacific Railway (United States), DFDS (Denmark), RailCoop (France), CSX Transportation (United States), Norfolk Southern Railway (United States), BNSF Railway (United States), United Parcel Service (United States) and JR Central (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Toll Group (Australia), Logistics Plus (United States), FreightCenter (United States), Patriot Rail & Ports (United States), Pacific National (Australia), Qube Holdings (Australia) and Aurizon (Australia).
AMA Research has segmented the market of Global Rail Freight Transportation market by Type (Unit Trains, Carload Freight and Intermodal Freight), Application (Mining, Oil and Gas, Industrial, Agriculture, Military and Other) and Region.
On the basis of geography, the market of Rail Freight Transportation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service, the sub-segment i.e. Car Ordering will boost the Rail Freight Transportation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Innovation of Autonomous and High Speed Rails for Freight Transportation and Rapid Uses of AI in Rail Freight Transportation
Market Growth Drivers:
Rising Demand in Goods and Heavy Materials Transportation and Demand in Cost Effective Short and Long Distance Goods Carriage
Availability of Cheap Road Transportation as a Substitute, Limited Service in Rural and Hilly Areas, Large amount of Air and Sound pollution, Lack of Standardization associated with Rail Freight Transportation, Delays In Cross Border Due To Change Of Train Operators and Lack Of Dedicated Cargo Facilities And Developed Cargo Routes In Developing Region
Huge Capital Investments Associated with Rail Freight Transportation and Not Economically Viable Across Shorter Distances
Growth in Transportation Infrastructure and Continuous Growth in Industrialization and Globalization
Market Leaders and their expansionary development strategies
On 16 May 2022, The Danish international logistics company DFDS acquired the German rail operator primeRail. The two parties signed the acquisition agreement last week after two years of cooperation. “This is the starting point of the new DFDS business unit rail”, said the Danish company, which aims to expand its rail offerings. and On 1 June 2022 CSX Corp announced it has completed the acquisition of Pan Am Railways, Inc. (Pan Am), expanding its reach into the rapidly growing Northeast region of the country.
On 18 November 2021, COOPERATIVE enterprise RailCoop launched a freight service on the 160km line between Toulouse St Jory yard and Capdenac in southwest France on November 15. The company has leased two Vossloh G 1000 diesel locomotives from DB Cargo France and 24 bogie covered vans from Ermewa and has trained three drivers. The first train ran empty on November 15, for a press launch, but the second on November 16 was loaded with pallets.
The Surface Transportation Board (STB) is an independent federal agency charged with the economic regulation of the freight railroads. The STB directly impacts the viability of privately owned freight railroads, which support nearly every industrial, wholesale, retail and resource-based sector of the economy. Although the railroad industry was partially deregulated in the 1970s and 1980s due to Congress’s well-founded concerns regarding the financial health of the industry, the STB maintains economic oversight of the industry’s business dealings.
Key Target Audience
Rail Freight Transportation Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.