Published Date : May 15, 2017
ALBANY, New York, May 15, 2017 - MarketResearchReports.biz has added a new research report to its collection on the global industries related to transportation and logistics. The latest report to be added reveals the North America region in particular, in “Road Freight Transportation Market In North America 2017-2021.” Rail freight transportation is used for the movement of heavy goods such as coal, metals, and oils. Often, rail freight service providers go beyond logistics and provide value-added services such as loading and unloading, documentation services, and packaging. They also provide strategic and operational services to many shippers worldwide. Freight service providers are improving logistics services by introducing innovative supply chain management.
According to the report, the North America road freight transportation market is expanding at a CAGR of 5.57% within a forecast period from 2017 to 2021. The leading driver as stated in the report for the market currently is the increasing environmental efficiency of rail transportation. The growing consideration towards environmental preservation is creating a new wave of innovations in the market, thereby attracting a greater number of end users towards it.
However, the North America road freight transportation market is currently being restrained by factors such as the increase in rail freight congestion. The growing count of rails being used are making it difficult for the railway logistics sector to manage the overall traffic. Meanwhile, current trends being exhibited include the attraction of several end users towards railways due to the increasing congestion faced on roads and highways.
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The report thus offers and in-depth report on the North America road freight transportation market using multiple market inputs from industry experts. The overall size of the North America road freight transportation market has been assessed using factors such as the overall revenue generated by the market over the recent past.
The regional segmentation of the North America road freight transportation market helps provide a more detailed assessment of the market. The report divides the market into the key regions of Canada, Mexico, and the U.S., with details on each region individually as well as in relation to each other.
The report thus answers a set of key questions on the North America road freight transportation market, including the overall factors of influence on the market. This includes the drivers, restraints, and opportunities in the North America road freight transportation market currently as well as over the given forecast period.
The leading vendors in the North America road freight transportation market, as mentioned in the report for the current period, include CN Railway, CSX, Kansas City Southern, and Union Pacific. Other prominent vendors listed in the report include BNSF, Canadian Pacific, DB Schenker, Ferromex, GeoMetrix Rail Logistics, Genesee & Wyoming, Hub Group, Norfolk Southern, and RSI Logistics.
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