Japan Rail Freight Transport Market Size to Surpass Around US$ 10.6 Billion 2030, Recording a CAGR of 4.1% | Report by CoherentMI [Yahoo! Finance]
WEST JAPAN RWY UNSP/ADR (WJRYY)
NASDAQ:AMEX Investor Relations:
westjr.co.jp/global/en/ir
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Source: Yahoo! Finance
Billion in the year 2023 , and is anticipated to reach a US$ 10.6 Billion by 2030 , with growing at a CAGR of 4.1% during forecast period 2023-2030. Japan Rail Freight Transport Market is driven by several factors that are contributing to its growth. Firstly, the increasing demand for efficient and sustainable logistics solutions is propelling the market. Rail freight transport is considered to be an environmentally-friendly mode of transportation as it produces lower carbon emissions compared to other modes such as road or air transport. Moreover, rail freight is known for its capacity to transport large quantities of goods over long distances, making it a preferred choice for industries that require bulk transportation. Additionally, the government initiatives to promote rail freight transport and improve the infrastructure further contribute to the market growth. These initiatives include the expansion of rail networks, development of dedicated freight corridors, and implementati
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