Market Share of Inland Water Freight Transport Industry
American Commercial Barge Line, Ingram Barge, Kirby Inland Marine, American River Transportation, CMA CGM Group, McKeil Marine Limited, AP Moller-Maersk A/S, Rhenus Group, and Imperial Logistics International are significant market participants. As Inland water transportation is the next big thing in green cargo, the development of inland waterways will help in the protection and conservation of waterways and canals. The transportation of raw materials represents a sizable market for Inland water transport. Production quantities of plants supplied by waterways and transport volumes are connected. If there is a trustworthy waterway link and access close to the facility, Inland water transport can be more affordable than railways. Thus considering cost efficiency and transport route feasibility the market is expanding.
In June 2022, The B20 Club added the American River Transportation Co. (ARTCO) as its newest member. ARTCO, a wholly owned subsidiary of Archer Daniels Midland Co., operates line-haul vessels, harbor boats, covered-hopper barges, tank barges, harbor and fleeting services, and a full-service shipyard. These operations allow ARTCO to deliver products to their final destination in a safe and efficient manner. ARTCO also provides a third-party towing service on the lower and upper Mississippi, and on the Illinois and Ohio rivers.
Inland Water Freight Transport Market Leaders
-
American Commercial Barge Line
-
Ingram Barge
-
Kirby Inland Marine
-
American River Transportation
-
CMA CGM Group
*Disclaimer: Major Players sorted in no particular order
