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COVID Impact On Global Rail Freight Market 2019-2025

01-07-2021 08:40 AM CET | Logistics & Transport

Press release from: Mobility Foresights

The global rail freight market is estimated at $220B-$250B annually.

In recent years, trends in infrastructure charges, especially compared with other modes of transport, have significantly impacted the competitiveness of rail freight operators.

Chinese rail company has started selling low-emissions freight containers that maintain low temperature doing away with fuel-generated refrigeration. The invention, utilizing phase-change materials has the potential to drive down emissions produced in cooling rail and road freight containers.

In 2019, BNSF reported decline in freight for all major segments, including industrial products (-3%), consumer products (-5%) , agricultural products and coal. BNSF invested a total of $3.6B on capital projects in 2019, the majority of which was allocated towards maintenance and network expansion.

Estonian operator Operail carried ~76, 000 TEU in 2019, +46% YOY increase in TEU and ~100+% increase in containerised freight tonnage YOY.

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In UK, a consortium of business interests has called on the UK government to immediately start a programme for improving rail electrification to help meet the target of decarbonising the railway by 2040.

One of the major challenges for rail freight market in the US is substitution of coal by natural gas in power generation. Rail transport has always lagged behind road transport due to first and last mile transport often required in rail freight movement.

In US, severe winter weather and flooding on parts of its ~52,000 route-km network contributed to decline in overall rail freight volumes.

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COMPANY PROFILES
CSX Corporation
Norfolk Southern
Canadian Pacific
DB Cargo AG
Deutsche Post AG(DHL Group)
Gensee & Wyoming
BNSF Railway Company
SNCF
Union Pacific Railroad
Swiss Federal Railways
Hector Rail
The Freightliner Group
VTG Rail Europe GmbH

THIS RAIL FREIGHT MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
1. Rail Freight Market size and Forecast , by region, by application
2. Average B-2-B price for Rail Freight Market , by region, per user
3. Technology trends and related opportunity for new Rail Freight Market tech suppliers
4. Market share of leading vendors, by region,
5. Coronavirus impact on Rail Freight Market earnings

Media Contact
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.

We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

The consistently changing business sector progression in mobility space has put considerably more accentuation on looking at advertise knowledge before your peers. An important market insight, when learned at opportune time, could be the distinction between a decent and a terrible business choice.

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