Rail Freight transportation is the carriage of goods from a point of loading, or goods station, to a point of unloading, again a station capable of handling the loading and unloading of the goods carried. These goods are generally heavy in bulk and of low value in relation to their bulk. Examples include coal, building materials, iron and steel. Freight rail companies’ customers are mainly businesses in the heavy industry sector such as manufacturing, mining, oil and gas or logistics companies.
Rail Freight Global Market Size
The global rail freight transportation market was valued at $269 billion in 2017. Asia Pacific was the largest geographic region accounting for 49.20% of the global market. China was the largest country accounting for 19% of the global rail freight transportation market.
Rail Freight Global Market Trend
Tracking and tracing systems of rail freight using GPS and GSM helps the transportation organizations to overcome the rail freight transportation drawbacks such as lost and theft. It provides full-fledged security and monetarization of freights and more effective and efficient freight transportation over short distances for smaller loads. ViWaS project equipped with smart telematics systems in Europe has introduced tracking technology in rail freight.
The companies covered are CN Railway, SBB Cargo, SNCF, DB Schenker, and Duetsche Bahn AG.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Rail Freight Global Market Segmentation
The rail freight market is segmented into Intermodals; Tank Wagons; and Freight Cars.
Intermodal freight transport services segment involves the transportation of freight in an intermodal container through rail transportation. In this mode, handling of the freight is not done manually when changing a rail carrier, thus increasing the security of transported product substantially.
Tank Wagons are a type of railroad cars or rolling stock that are designed to transport liquid and gaseous commodities on rail transport system.
Freight Cars are a type of railroad cars or rolling stock that are designed to transport goods on a rail transport system.