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.
The global rail freight transportation market was valued at $269 billion in 2017. Asia Pacific was the largest geographic region accounting for $132.35 billion or 49.20% of the global market. And China was the largest country accounting for $51.11 billion or 19% of the global rail freight transportation market.
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.
Companies Covered: CN Railway, SBB Cargo, SNCF, DB Schenker, Duetsche Bahn AG
Market segments Included: Intermodals; Tank Wagons; Freight Cars
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