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. 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.
Global Intermodal Freight Transportation market has been segmented on the basis of solution, service, mode and end user industry. By solution, the market is further bifurcated into freight security, fleet management, intermodal terminals, intermodal dispatch, warehousing and others .On the basis of service, the market is segmented into customization, managed and consulting services. By mode segment is further bifurcated into Truck–Air, Truck–Water, Truck–Rail and others. End user segment is further segregated into oil and gas, aerospace and defense, industrial and manufacturing, construction, chemical, food and beverages, healthcare and others. Need of more safe, reliable and efficient transportation system is boosting the demand of global Intermodal Freight Transportation market. Efficient transportation system aims at decreasing the time spent on freight management which in turn can be invested in carrying out the warehouse duties more efficiently. Rising trend of containerization is another factor driving the global Intermodal Freight Transportation market as containerization facilitates easy handling of goods. However, growth in domestic intermodal transportation market followed by free trade agreements is other factors driving the global Intermodal Freight Transportation market. Lack of intermodal transportation training and knowledge followed by reluctance in adopting new ways of transportation are acting as restraining factors in the growth of global Intermodal Freight Transportation . Shippers now days are focusing on developing Geospatial Intermodal Freight Transportation (GIFT) which serves as opportunity for the global Intermodal Freight Transportation . In addition, evolution of multimodal transportation is also acting as an opportunity factor in the growth of global Intermodal Freight Transportation
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Geographically, global Intermodal Freight Transportation market has been segmented into North America, Europe, Asia Pacific, Middle- East and Africa (MEA) and Latin America. In 2016, North America held the largest share of the Intermodal Freight Transportation market owing to increase in transportation by railroad which is the most convenient mode of intermodal transport for freight .The U.S is the largest contributor in this regional market. Europe is expected to be the fastest growing market for global Intermodal Freight Transportation owing to the rapid adoption of intermodal freight transportation in this region. All these factors are expected to increase the demand of Intermodal Freight Transportation during the forecast period from 2017- 2025.
The major players operating in the global Intermodal Freight Transportation includes Aljex Software, Inc(The U.S) ,GE Transportation(The U.S) , Cognizant (The U.S) , Trinium Trucking Systems (IAS) (The U.S) , Motorola Solutions, Inc. (The U.S) , Wisetech Global(Australia), Maersk Line(Denmark), DHL(Germany), TMW Systems, Inc(The U.S) and JB Hunt Transport (The U.S) among others.
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