According to the latest market research study by Technavio, the rail freight transportation market in North America is expected to grow at a CAGR of close to 6% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the rail freight transportation market in North America in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on mode of transportation
Source: Technavio
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Rail freight transportation market in North America by freight cars: Rail freight operators have capitalized in developing and implementing new technologies in their fleets to make freight cars more environment friendly.
“The operators across the globe are investing in redesigning freight cars to increase the capacity. Improved capacity will enable higher volumes of goods to be transported in a single trip and increase the efficiency of each container,” says Sharan Raj, a lead analyst at Technavio for research on packaging.
Rail freight transportation market in North America by tank cars: Tank cars are mostly used for the transportation of petroleum, oil, and natural gas products. The demand for tank cars during the forecast period is likely to increase due to more number of shippers transporting flammable liquids and gases.
Rail freight transportation market in North America by intermodals: The rapid growth of intermodals across North America is due to the increase in export and imports activities. In addition to the growth in trade activities, railroads are much more reliable and efficient compared with road freight. As a result, shippers prefer transportation through railroads.
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The top vendors operating in the rail freight transportation market in North America are:
- CN Railway
- CSX
- Kansas City Southern
- Union Pacific
The other prominent vendors in the market include BNSF, Canadian Pacific, DB Schenker, Ferromex, GeoMetrix Rail Logistics, Genesee & Wyoming, Hub Group, Norfolk Southern, and RSI Logistics.
A more detailed analysis is available in the Technavio report titled, ‘Rail Freight Transportation Market in North America 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Rail Freight Transportation Market in Europe 2017-2021
- Global Rail Logistics Market 2017-2021
- Global Airfreight Forwarding Market 2017-2021
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