This article about the best rail cargo startups is part of the “Logistics of the Future” series looking at the top logistics startups today.
Since its advent in the early 17th century, the rail industry has continued gaining steam around the world – especially when it comes to moving cargo. More than 400 billion tonne-kilometers of rail cargo was moved in the European Union in 2017 alone, and that movement won’t slow down anytime soon: The global market volume for railway technology is expected to reach an average annual value of €185 billion between 2019 and 2021. But even though the industry continues to boom, rail cargo is surprisingly still stuck far behind its peers in road freight, maritime shipping, and air cargo when it comes to autonomy and digitalization. With the ability to move one-tonne over 500 miles using just one gallon of diesel fuel, rail is one of the most environmentally friendly means of transport for both passengers and goods – so why isn’t it capitalizing on that potential with new tech?