Opinion: Investments in Rail Transportation Spur Advantages, Growth

August 13, 2017

Written by Andrew Lynch, Global Trade; August 11, 2017

Rail, or intermodal, transport is fast becoming the shipping mode of choice for many businesses – specifically as an alternative to truckload. This is largely in response to many of the current market conditions in the trucking industry, like unstable fuel prices, infrastructure deficiencies, driver shortage, and government policies restricting the number of hours drivers can be on the road.

Over the past few years, the truckload industry in the United States has also seen volatile conditions in terms of rates, scheduling, and volume. The intermodal market sector, however, has been more stable. And, capital spending to upgrade the shipping rail network coupled with upgraded technology has rail freight well positioned for the future. In fact, analysts predict that intermodal freight in North America will grow at a rate of about 5.57 percent from 2017 to 2021.

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