- The key vendors in the Global Rail Logistics Market are BNSF Railway, Canadian National Railway Company, CSX Corp., Norfolk Southern Corp. and Union Pacific Railroad.
London, 26 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Rail Logistics Market 2014-2018. The report analyzes various trends and drivers affecting market growth. Rising Fuel costs has resulted in the increase in demand for rail for movement of freight. The overall market is expected to grow at a CAGR of 8.06 percent during the forecast period.
Rail Logistics refer to the movement of various commodities, inbound raw materials, and other supplies from one place to another and plays a major role in cargo handling. It is considered to be the most effectual mode of freight transportation as railways can handle a large volume of cargo in a short time period. Increased traffic congestion on roads and highways has increased the demand for rail logistics.
“Most rail logistics companies are using green logistics now as it is environment-friendly and is preferred socially for its cost-effective nature. It focuses on material handling, packaging, and waste management,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
