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Electronic freight is an industry-wide initiative involving freight forwarders, ground handlers, carriers, shippers, customs brokers, and customs authorities. E-freight aims to construct an end-to-end paperless transportation process for air cargo through a regulatory framework, electronic messages, and high data quality.
Cargo transportation management focuses on reducing shipper costs while considering social costs such as congestion or pollution. It helps shippers use a suitable mode of transport. For example, rail and water transportation for long distances is more efficient than trucks. It helps improve routing and planning to increase utilization and reduce mileage for freight vehicles. Also, it assists in implementing fleet management programs that help deploy optimally sized vehicles for each trip, minimize vehicle mileage, and ensure fleet vehicles are operated and maintained to reduce external costs.
Moreover, freight traffic management is used for various modes of transport such as road, rail, sea, and air. The movement of cargo that occurs over the route of highways is called road transport. This is the most common mode of transport as it requires the single processing of customs documents. Rail transport is very fuel-efficient and can be described as a “green” mode of transport. Sea transportation is used for transporting bulk cargo such as coal, agricultural commodities, iron ore, and wet bulk cargo such as crude oil and gas. Air freight is the fastest and most commonly used method of transportation to achieve just-in-time (JIT) inventory replenishment.
COVID-19 had a massive impact on the trucking management market as almost all countries have decided to close all manufacturing plants except those dealing with the manufacturing of essential goods. Several countries have taken strict measures such as stopping the production and sale of non-essential goods, blocking international trade, and more to prevent the spread of COVID-19. The only sector struggling with this pandemic is essential services, which are allowed to open and run the processes. The freight transportation market growth is increasing due to government policy to promote international trade post- COVID-19.
Also, the benefits offered by cargo transportation management for cost and route optimization increase the demand for cargo transportation management in the market. However, some nations' trade routes, restrictions, and congestion limit the market growth. The closure of manufacturing facilities during the pandemic significantly impacted the market. Manufacturers are making multiple strategic decisions to recover from COVID-19. Organizations conduct development activities & numerous research to improve cargo transport management technology. This is how companies bring progressive and precise solutions to the market. Additionally, government initiatives to encourage international trade have led to market growth.
The report will cover the following key insights:
Rail freight uses railroads to transport goods over land. It is used for transporting various cargoes such as chemical products, raw materials for construction, agriculture, automobile, energy (coal, oil, and wind turbines), and forestry production. The railways can transport heavy goods quickly through the rails. Railways are one of the most widely used means of transportation and have an extensive infrastructure worldwide. The increasing use of railways for transport increases the growth of freight management to manage rail freight. Moreover, rail traffic appears to increase over the forecast period.
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Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Europe dominates the electronic freight transportation information market. Europe is probably to be the fastest developing region in the global electronic freight transportation information market. The Europe e-freight transportation information market is predicted to be the fastest developing worldwide. Europe, the hub for significant production companies, calls for important transportation control within the location.
By Transportation Mode
By Organization Size
By Deployment Mode
By Application Industry
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