Intermodal Freight Transportation Market: Rising Trend of Containerization

The global market for intermodal freight transportation, with the possibility of integrating multiple modes of transport, provides a flexible option for effectively handling the changing requirements of supply chain management in global markets. The market is witnessing the influence of information and telecommunication technologies in the form of the increased level of integration of supply chain processes and the modes supporting them. The sector is also increasingly shifting its focus from primarily on the effective maintenance of infrastructure components to processes and systems, becoming more viable and gaining more prominence across a number of new application sectors.

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There has been a massive rise in trailer and container traffic across global railroads over the past few decades and intermodal freight transportation continues to play a significant role in the movement of freight in present times as well. With the significant rise in global imports and exports and an overall rise in regional, domestic, as well as international logistics, the global market for intermodal freight transport is expected to witness a significant rise in growth avenues in the next few years.

The market could witness massive growth opportunities in developing economies across regions such as Asia Pacific and Latin America owing to the increased focus on development of intermodal infrastructure to complement the expanding supply chains and thriving industrial sector. The market could also benefit from the rising globalization of small and large businesses from distant corners of the globe.

Intermodal freight transportation which is an important part of freight management mainly involves use of two or more modes that aims at moving a shipment from original position to the assigned destination. Intermodal freight transportation and intermodal passenger transportation are two types of intermodal transportation. Intermodal freight transportation market mainly deals with transportation of freight in a vehicle or intermodal container which makes use of multiple transportation modes that includes ship, truck and rail. With the globalization of trade, various modes of transportation have changed from the traditional transportation that was done only through huge vehicles and truck.

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Currently, the shippers require more high capacity, safe and flexible transportation options. Hence, due to globalization, various companies are trading at international scale and thousands tons of various products are transported all over the world. Therefore, to transport such huge amount of product, a safe and reliable transportation mode is required. Hence intermodal transportation mode finds it application as it fulfills these requirements because majority of transportation is done via railways which are not only safe but reliable. Freight transportation forms an important part in the development of any economy. In addition, the freight transportation system has evolved due to various technological advancements which includes liquid threat scanners, containerization, route manage optimizers and vehicle tracking among others.

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