Global rail logistics set for growth

Congestion on roads and the
inherent fuel efficiency and
lower emissions of rail are
contributing to growth in the
use of rail for logistics.
A market study released
by research company
Technavio predicts that the
global rail logistics market
will experience a compound
annual growth rate (CAGR) of
nearly 4% to 2021.
“Intermodal freight
transportation is forecast to
be the segment that will show
the highest growth rate, with
a CAGR of almost 5% through
the forecast period.
“This growth will be
driven by the cost-efficient
solutions to transport complex
commodities provided by the
intermodals. The intermodal
segment accounted for
a majority 41.72% of the
global market,” says Sharan
Raj, one of the lead analysts
at Technavio for logistics
research.
The study covers most
regions, with the exception of
sub-Saharan Africa.