Freight Transport Management Market 2021 Competitive Insights and Precise Outlook - JDA Software, Manhattan Associates, CTSI-Global, Descartes Systems Group Inc

The Freight Transport Management Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. This report also provides an analysis of the impact of the COVID-19 pandemic on Freight Transport Management Industry.

The Freight Transport Management Market is expected to register a CAGR of 9.8% over the forecast period (2021 - 2026).

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Top Leading Companies of Global Freight Transport Management Market are JDA Software, Manhattan Associates, CTSI-Global, Descartes Systems Group Inc., DSV A/S, HighJump, CEVA Logistics, DB Schenker, Geodis and others.

Industry News and Updates:

- May 2020 - The number of China-Europe freight trains originating in Xi’an reached 1,000 in 2020, 78 days earlier than the same period last year. Cargo throughout totaled 1.923 million ton, an increase of 41.7% over the same period last year. The 1,000th train of 2020 embarked from Xi’an Xinzhu Station and headed west to Uzbekistan in May, a landmark journey in connecting China with its European trade partners. In response to COVID-19, Xi’an opened up a dedicated channel for the trains to help maintain normal operations and support enterprises getting back to business. Xi’an recognized the need to optimize the transportation declaration and approval procedures and also intensify the schedule by reducing the intervals between trains.
- February 2020 - The SmartCargo project was officially launched on 4 February 2020 at the BB headquarters. Rail Cargo Group’s (RCG) board authorities presented the technology. Around 13,700 RCG wagons are each fitted with a SmartCargo device, which provides comprehensive information throughout the entire freight transport process. As part of initial tests, around 300 cars are currently being fitted with SmartCargo. 

Key Market Trends:

Rail Freight to Account for a Significant Demand for Freight Management Solutions

- The rail freight transportation has had advantages over other modes in the areas of environmental performance, land use, energy consumption, and safety. Therefore, with the increased preference, the rail logistics environment has got complex and difficult to navigate, and companies need both rail cargo industry experience and information technology systems to manage them.
- This has resulted in the advent of a wide range of rail freight transportation management solutions, specifically designed for small freight trains, intermodal lines, and private factory rails that are challenged by the increasing operational complexity and a growing need to automate and/or streamline processes. The companies, such as DXC Technology and Goal Systems are inclining their product portfolio according to these needs.
- Moreover, the higher demand for rail freight transports will be the primary growth enabler for the market, specifically in the OECD countries. Owing to this, the rail freight transport management solutions are expected to witness a considerable growth over the forecast period.

The regions are further sub-divided into:

-North America (NA) – US, Canada, and Mexico
-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Freight Transport Management Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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