Portland, OR -- (SBWIRE) -- 06/13/2017 -- Rail cargo transport plays a vital role in generating a sustainable and competitive transport market. A higher traffic congestion in highways is an essential factor responsible for the growth of rail logistics market. In addition, increase in investment, rapid evolution of regulatory policies, and mega infrastructural projects in the past few years have strengthened the rail logistics market. Moreover, shipping goods through various rail network decreases the number of heavy vehicles, such as trucks on road, which in turn reduces the congestion and diminishes the carbon emissions.
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Increase in urbanization & industrialization and inclination in traffic congestion on highways are anticipated to expand the growth of rail logistics market during the forecast period. Rail transportation is faster and inexpensive along with its sustainability as compared to other mode of transport driving the market growth during the forecast period.
The global rail logistics market is segmented based on mode of transport, which includes tank wagon, freight car, and intermodal. The intermodals segment is anticipated to observe robust growth in near future. Geographically, it is categorized across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2016 due to availability of the well-developed infrastructure and advanced systems in the region.
Key players identified across the value chain of this report include, DB Schenker, SBB Cargo, Canadian National Railway, GeoMetrix Rail Logistics, CTL Logistics, VTG
Rail Logistics, Kuehen+Nagel Logistics, Union Pacific, RSI Logistics, and others.
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RAIL LOGISTICS MARKET KEY SEGMENT
By Mode of Transport
-Rest of Europe
-Rest of Asia-Pacific