Multimodal transportation is the backbone of international trade here the goods are transported under a single contract but performed with at least two different modes of transport. The carrier or multimodal transport operator (MTO) is liable for the entire carriage, even though it is performed by several different modes of transport by rail, sea, and road. Multimodal transport is a solution to solve bigger part of cargo mobility problems. Its main feature is the transhipment terminals which allows efficient cargo handling between short distance & long-distance traffic as well as application of standardized & reusable loading units. Furthermore, the advantage multimodal transport is that it uses the most efficient combination of transport modes for carrying the cargo. The service is more environmentally sustainable than some single mode transport methods since, it reduces the hassle of dealing with multiple partners for transportation of cargo. In addition, multimodal transport uses one transport bill of lading for its services and operation and optimizes lead times, reduces inventory costs, and regulates freight level costs.
Get Sample PDF@ https://www.alliedmarketresearch.com/request-sample/14870
Major Market Players:
- BDP International Inc
- CH Robinson Worldwide Inc
- Crowley Maritime Corporation
- Deutsche Post DHL Group
- Kuehne + Nagel International AG
- MARUBENI LOGISTICS Corporation
- Mitsubishi Logistics Corporation
- Schenker AG
- YUSEN LOGISTICS Co Ltd.
- Transport Maritime et Transit USA Inc.
Due to COVID-19 pandemic government across major countries have announced lockdown leading to business shutdown. The shipping companies have been severely affected due to lockdown since, there were inter-state travel restrictions in various countries. This delayed the deliveries leading to huge losses for the companies. Moreover, multimodal transportation includes multiple mode of transportation to reach the destination but since, even one mode was affected then the complete cycle got disrupted. Even the ships were not allowed to enter the ports so, the cargoes could not be collected. Furthermore, the deliveries were also not possible since various states were not allowing the trucks to enter. In addition, there were unavailability of labor due to social distancing norms to work at the warehouses. Also, the e-commerce industries had halted their services taking only orders for essential goods which reduced the demand for shipping. Multimodal transportation is an evolving sector in shipping industry which has a slight setback due to the pandemic, which is expected to recover post pandemic and drive growth of multimodal transportation market.
|Solution||Supply Chain Cargo Carriage Truck Load Courier Service Shipping|
|Transportation||Railroad Road-Water Road-Air Others|
|Region||North America U.S. Canada Mexico Europe Germany France UK Italy Rest of Europe Asia-Pacific China Japan India South Korea Rest of Asia-Pacific LAMEA Latin America Middle East Africa|
E-commerce plays very key role in offering freight customers new options to boost their economic growth. Since, multimodal transportation uses two different of modes of transport thus, it is useful for long distance shipment. The rise in in e-commerce industry has enabled the consumers to purchase goods from all across the world. For instance, global e-commerce sales jumped to $26.7 trillion in 2019, up by 4% from 2018. Moreover, internet-based retailing and online shopping is witnessing a significant expansion in majority of countries across the globe, owing to an increase in speedy internet access, which has led to rising preference toward e-commerce among consumers. Thus, for rise in demand for efficient & smooth operation of e-commerce globally is expected to drive growth multimodal transportation market.
Questions answered in the multimodal transportation market research report:
- Which are the leading market players active in the multimodal transportation market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the multimodal transportation market?
- What are the projections for the future that would help in taking further strategic steps?
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.