London, 05 May 2015 – Technavio has published a new market research report on the global intermodal freight transport market, which is expected to post a CAGR of 17.40% from 2015-2019.
The new analysis by Technavio draws attention towards two primary elements that are driving the global intermodal freight transportation market: Innovative progression and the increase in liberalization of the trade and capital market. While innovative progression helps reduce the cost of transportation, increases in liberalization of the trade and capital market increases export and import activities.
“Increased trading activities have brought about a boom in the global intermodal freight transportation market,” says Faisal Ghaus, Vice President of Technavio.
The latest Technavio report also emphasizes the evolution of multimodal transportation that uses two or more modes for freight transport from one place to another. The basic difference between intermodal and multimodal transportation is in the terms of the contract, however freight companies choose multimodal transportation over intermodal transportation because of its various benefits.
“Since multimodal transportation is synchronized and planned under a single contract, it reduces the delivery time, risk of loss or any damage to the cargo at transshipment points,” says Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Rail Freight Transportation Market in Europe 2014-2018
- Freight Transportation Market in Europe 2015-2019
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20Technavio%3C/strong%…
