Freight
transport is an extremely important activity in the supply
chain market and transportation business. Effective working of
freight transport ensures proper communication between different
business processes and brings them together. Freight transport is
done through different transportation modes which include airways,
seaways, roadways and railways. Freight trucks forms the nerve center
of any manufacturing or industrial activities as freight trucks
carries raw materials required for business from one place to
another. Moreover, freight trucks also help in transportation of
finished goods to the respective markets. The efficient movement of
freight is acting as a driving factor in the growth of freight
transport market. Freight transport service is providing more
advanced freight solution for the industry due to increased use of
modern technology and effective communication. Quality of service,
reliability and timely delivery of goods along with proper freight
management and logistics handling are the key factors on which the
service of the freight transport depends. There is a substantial
growth in demand for heavy vehicles including trucks and trailers
which acts as a driver for the freight transport market. Moreover,
adoption of latest technology in trucks, railways such as use of
hydraulics lifters and GPS navigation systems also drives the market
for freight transport. Moreover, safety in freight operations,
reduction in cost and operational efficiency also increase the demand
for freight trucks and thus, drives the freight transport market.
Asia-Pacific is the
most attractive region for freight transport market. Increase in
infrastructural activities in the Asia-pacific region is mainly
driving the freight transport market as infrastructural development
and construction activities requires transportation of equipments and
goods from one place to another through trucks or railways. In
addition, the adoption of latest technology i.e. hydraulics lifters
and automated doors used in freight trucks and trains further drives
the freight transport market in this region. Hydraulics lifters
facilitate easy loading of goods with less human effort. Automated
doors act as a vacuum lock ensuring safety of goods and prevent
unauthorized access to the valuable items in different modes of
freight transportation. Thus increase in productivity and less time
consumption without compromising on cost drives the market.
Escalating demand of HCV (heavy commercial vehicle) in the emerging
countries like India and China is also driving the freight transport
market. The North America and Europe market for freight transport is
expected to grow at a steady pace over the forecast period. Steady
recovery from the recent economic meltdown is responsible for the
growth of business activities and manufacturing operations in North
America which is driving the market for freight transport in the
region. Presence of premium truck manufacturers such as Mercedes
Benz, DAF, Volvo and Renault is driving the freight transport market
in Europe. The freight transport market in Europe is mainly driven by
quality of service and timely delivery. Thus the market is expected
to continue its growth at a steady pace over the forecast period.
Europe market faced steep challenge in the recent economic meltdown
and is recovering at a steady pace which also in turn increased the
demand for freight transport market due to increase in industrial
activities.
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Global key
participants in the industry include UPS, Descartes System Group,
DSV, DHL, CEVA Logistics, JDA Software, SNCF Geodis, Manhattan
Associates, Kuehne+Nagel Inc, and DB Schenkerand among others.
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