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Logistics News with TELS GLOBAL
Excess Capacity of Container Lines Leads to Decline of Spot Rates
In eight weeks since the start of the Chinese New Year, average carrying capacity on Asia-Europe routes among all carriers in 2025 is about 27% higher than in eight weeks after the holiday in 2024.
US Rates Can Lead the EU into Recession, Finance Ministers are Looking For the Way Out
The European Central Bank and the European Commission estimate that the impact of the US rates on the EU economy will be between 0.5% and 1.0% of GDP.
German and Polish Carriers Reduced Mileage in Germany in February
Following a 3.5% increase in January (year-on-year), the total volume of heavy goods vehicles weighing more than 3.5 tonnes on toll roads fell by 2.5% year-on-year in February.
Global Air Cargo Traffic Declined in February for the First Time in a Year and a Half
The International Air Transport Association (IATA) informs that global civil aviation cargo traffic in February 2025 was down 0.1% compared to February last year.
Safeguard Duties: US vs EU, EU vs US and China
European Union officials are already preparing emergency measures to protect the European market from a possible massive influx of goods from China after the US administration imposed customs duties on imports from China.
Trump's tariffs stoke global trade war
President Donald Trump's new tariffs announced on Wednesday sent shockwaves through global markets amid worries the aggressive duties will slow growth, hit corporate earnings and stoke inflation.
U.S. prepares tough decisions regarding China’s shipbuilders and shipowners
The FMC can limit journeys or suspend, in whole or in part, an ocean carrier’s right to operate using U.S. ports.
Germany's logistics remains pessimistic in Q1 2025
The decline in truck toll mileage index, an important forward-looking indicator of economic activity, is a worrying sign.
Global container rates average USD 2,200 at end-March
The Drewry WCI was 78% below the pandemic peak of USD 10,377 per 40ft container in September 2021 and 59% above the average of USD 1,420 per 40ft container in 2019.
Shipping companies downgrade relations with Chinese ports
Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do so.
TELS GLOBAL in Forbes ranking (Poland): a major, financially sound, and reliable freight forwarder
For the seventeenth time, Dun & Bradstreet Poland and Forbes have published a list of the most dynamically developing companies in Poland. The list features companies that have increased their value the fastest over the past three years.
Houthis close the Red Sea to U.S. vessels
On 15 March, U.S. President Donald Trump announced the start of military action against the Houthis. Several Yemeni provinces have been hit. The movement says they will not agree to a ceasefire until Washington is held accountable for the strikes.
Lithuania to check the amount of fuel carried by trucks from Belarus and Russia
Truck drivers will have to indicate the amount of fuel carried in the tank by filing an electronic declaration. After that it will be measured.
Ocean freight customers introduce new contractual conditions
One of the new strategies introduced to contractual conditions is linking freight costs to the index and application rules agreed between the freight buyer and seller.
The European road freight capacity index demonstrated a 5% year-over-year decline
The DSV's report warns about pressure on European transport sector, considering reduce of freight traffic, rise in bankruptcies and new rules causing increased costs.
Foreign Trade in Germany: USA overtakes China in Trade Turnovers
In 2024, for the first time in eight years China hasn't become Germany's main trading partner. The USA took the first place in mutual trade with €252.7 billion.
Air Cargo Transportation: Demand Slows Down, But Keeps Growing
Demand for global air transportation has been increasing for 18 months in a row, however, the rate of increase has decelerated significantly.
China takes Germany’s niche in global market
Chinese industry is now producing the same goods as Germany, and its export capacity is eating into Germany’s share of European and global export markets.
China’s TIR system saw swift growth in 2024
The number of TIR movements to and from China surged by 88%, with transport operators from eight countries engaging in TIR activities within the region.
India willing to carry its cargo by Indian-flagged container ships
India’s government is considering setting up a national container shipping line to ease local shippers’ dependence on foreign-flagged carriers.