Reportstack has announced a new market research report on the Barge Transportation Market in the US 2015-2019. Rise in investment for construction of new tank barges has propelled the growth of the market. Increased crude oil production in the US has surged demand for the usage of tank barges through inland waterway transportation. Many vendors in the market have started to provide shipping services for transportation of liquid-bulk cargo. The market is expected to witness a CAGR of 1.97 percent during the forecast period of 2014-2019.
“The increased volume of cargo transported and development of ports and docks will drive market growth,”.
“Many inland sea routes have been explored with better marine logistics support services. Use of intermodal method for logistics operations for barge transportation is one of the major trends upcoming in the market.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Complete report available @ Barge Transportation Market in the US 2015-2019.