Intermodal freight transportation has become the latest revolution in the transportation industry. This is due to the fact that unlike before, the need of safe, reliable, and fast delivery of goods have gained prime importance. Brokers, third party logistics (3PL), and transportation service providers need to provide these services to the customers and at the same time maintain cost efficiency too. The use of containerization has made all these things possible; it has significantly reduced possibility of goods damage by eliminating the need of repackaging the goods. All these factors are driving the intermodal freight transportation market and it is expected that with the growth of domestic intermodal markets the global intermodal freight transportation market will also grow. However, the major challenges faced by this market are the unstructured market of intermodal freight transportation due to lack of communication and understanding among the different transportation services providers. Other than this, under developed infrastructure and lack of knowledge and training about the intermodal freight transportation is also hindering the growth of this market.
This report provides a detailed analysis of the markets for all the solutions of intermodal freight transportation such as fleet management, intermodal dispatch, fleet security, warehousing, trucking software, and terminals; services: consulting, managed services, and customization services. It includes detailed analysis of intermodal freight transportation modes such as railroad, truck-water, truck-air, and others; and geographical split across the globe such as North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. The report’s strategic section sketches the competitive scenario in the intermodal freight transportation market. The notable market players in this domain include Aljex Software, IBM, Cognizant, GE Transportation, Profit Tools, HighJump Software, and TMW Systems.
MarketsandMarkets expects this market to grow from $12.28 billion in 2014 to $26.19 billion by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 16.4% from 2014 to 2019. In the present scenario North America is the biggest market for intermodal freight transportation, which is slowly maturing; on the other hand Europe is emerging as the next biggest market. Europe is growing with a high pace and is expected to be the dominant market in the coming years.