New Report Forecasts Growth in Intermodal Transportation
A new report titled, “Intermodal Freight Transportation Market: Global Industry Analysis and Forecast 2015 – 2021,” has been released by Persistence Market Research Pvt. Ltd. The report details industry growth in the coming years.
Intermodal transportation combines more than one mode of transportation to move people or deliver goods. Within this mode of transportation, there are two types: freight transportation and passenger transportation. Just as it sounds, freight solutions mean that you are transporting goods via ship, air, rail, or truck.
Benefits of this mode of transportation include reduced shipment time, cost effectiveness and less cargo handling; it is used by a number of industries, such as industrial and manufacturing, consumer and retail, food and beverage, pharmaceutical and healthcare, chemical, construction, oil and gas, energy and mining, and others.
According to the report on intermodal transportation, an increase in demand for on-time product delivery at reduced cost has been a driving force in recent industry growth and is expected to continue. Businesses are now more than ever implementing more efficient shipping models to aid inventory planning and management while cutting costs as much as possible.
Another big factor in this growth is an increase in goods being shipped in containers. The containers have standard dimensions and are able to be loaded and transported without being opened, and the give a predictability to shipments. These containers aid in product integrity, which is why they are becoming so popular.
“With the importance of budget restrictions on projects and timeliness of delivery of goods we have produced our patented dry bulk shipping container that houses a pneumatic discharge system,” says Sebastian Conti III, VP of Global Sales, Intermobile Container, LLC. “What has been instrumental in our company’s ability to be truly intermodal all over the world is the recent AAR (Association of American Railroads) approval we received. Our container is also CSC/ABS and ISO certified with two container options, a 550 and 725 cubic foot loading capacity, for transporting dry bulk goods without the cost and time intensive labor of super sacks. Our goal is to increase our client’s revenue by moving product quickly and more efficiently than ever before.”
The World Trade Organization (WTO) is also aiding in this growth, with an open door policy regarding international trade. It gives a more regulatory and favorable environment to global trade, allowing businesses to expand internationally. This means more exports and imports, translating to an increased need for shipping containers. The only places this is not reaching are countries such as India, which have not fully opted into the open door policy in order to protect their own businesses.
By improving their operations, intermodal transport companies are satisfying their clients, and with this comes more business. Combine this with a more globalized trade market, and it is a recipe for success for this industry.