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Logistics News with TELS GLOBAL
CMA CGM resumes Red Sea transit
CMA CGM is the only global carrier whose vessels continue to sail in the Red Sea. In April, the operator brought its vessels back on the route on the service linking Asia with Mediterranean and Adriatic Sea ports.
Global air cargo demand hits 14th consecutive month of growth
In September 2024, global civil aviation cargo traffic was up 9.4% year-on-year and international traffic was up 10.5%.
Container throughput in European ports still below pre-war levels
Container throughput in Rotterdam, Europe’s largest container port, has been consistently around 0.1 million TEUs higher than last year in each quarter of this year, although still below 2022 and well below 2021.
European road freight rates remain stable in Q3
Spot rates experienced a slight decline due to poor demand with contract freight rates flat due to cost pressures.
Euro zone grows faster than expected in Q3 but outlook remains weak
Gross domestic product in the 20 countries sharing the euro grew by 0.4% in the third quarter from the previous three months.
China pauses investment in EU countries backing tariffs on electric vehicles
China has told its automakers to halt big investment in European countries that support new tariffs on Chinese-built electric vehicles.
Euro zone business activity continues to weaken in October
The preliminary composite euro zone Purchasing Managers’ Index (PMI), compiled by S&P Global, nudged up to 49.7 in October from September’s 49.6 but remained below the 50 mark that separates growth from contraction for the second month in a row.
IMF: Global growth expected to remain stable in the coming two years
In its World Economic Outlook issued in October, the International Monetary Fund (IMF) expects global economic growth of 3.2% in 2024 and 2025. This is one-tenth of a percentage point lower than forecast in July for 2025.
Route around Africa to take 13% more ships
The Gemini alliance will need approximately 340 vessels, compared to the 300 ships that would have been enough for routes across the Red Sea.
China’s economic slowdown: Government response
The world’s second largest economy grew by 4.6% in July–September, official data show, a touch above the 4.5% forecast in a Reuters’ poll but below the 4.7% in the second quarter.
Transport theft on the rise globally
In July, TAPA recorded the highest level of reported supply chain thefts in EMEA (Europe, Middle East and Africa) this year.
Global container ship order book sets a record
However, the record tonnage volume of container ships under construction does not mean a proportional increase in the cargo space offers.
China tightens the rules for transportation of dangerous cargo at Ningbo
Carriers and other stakeholders must file all mandatory documents 72 hours prior to the closure of declared vessel cut-offs for dangerous cargo gate-in.
Spanish lorry drivers plan a scheduled series of strikes
Spanish lorry and bus drivers will launch a series of strikes from 28 October to demand better retirement conditions due to the dangerous nature of their profession, was announced on Monday by Spain’s two largest unions.
EU mobility has been simplified, but not significantly
The European Union’s Court has annulled a provision of the EU Mobility Package requiring vehicles involved in international transport to return to the country of registration every eight weeks.
Sea and air transport in Europe to become more expensive due to environmental regulations
FuelEU will enter into force from 1 January 2025 obliging maritime carriers to reduce greenhouse gas emissions on routes within and to/from the EU.
China’s Manufacturing PMI hovers between contraction and expansion
Manufacturing output growth slowed for the fourth month in a row amid unclear prospects for external and domestic demand. In the coming months, the massive measures taken by the authorities to support the economy should boost domestic demand in China, but their potential effectiveness is still questionable.
China growth to slow, euro zone to improve: OECD forecasts global growth
The Organisation for Economic Cooperation and Development expects the world economy to grow 3.2% both this and next year, nudging up its 2024 forecast from 3.1% projected previously while leaving 2025 unchanged.
Euro zone business activity contracts in September
The preliminary euro zone composite Purchasing Managers’ Index (PMI), compiled by Hamburg Commercial Bank (HCOB) and S&P Global, reached an eight-month low of 48.9 from August’s 51.
New air freight route links China and Poland
Four to six flights per week will operate on the route starting in early October.