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Logistics News with TELS GLOBAL
Shipowners prefer spot rates to contracts
Xeneta, a consulting company, wrote in late May that June should bring further rate increases on major routes from Asia to Europe and North America.
Bankruptcies of freight forwarders in Germany are on the rise
According to the Federal Statistical Office of Germany, the number of corporate bankruptcies increased by more than 27.6% in January and continued to rise in February and May.
Global airlines raise 2024 profit outlook
In contrast, the profitability of freight transportation is expected to fall 17.5% in 2024 as freight markets return towards normal patterns after booming during the pandemic.
Global contract logistics market exceeded the forecasts for 2023
The growth of the logistics market last year was mainly driven by the expansion of contract logistics in developing countries, with more modest growth in the developed regions.
Italians are outraged by the blocking of wine shipments at the Polish-Lithuanian border
Vittorio Torrembini, President of the Association of Italian Entrepreneurs in Russia, accused the Lithuanian and Polish customs authorities of unlawful blocking of cargoes heading from Italy to Russia, including cargoes of Italian wine, at the borders of these countries.
The European Commission subsidizes railway transportation
The new financing is intended to relieve the rail companies that carry out wagon railway transportation (EWV) from the high operating costs incurred as a result of complex picking and delivery processes through the transportation chain, and to ensure the competitiveness of railway freight transportation.
European economy is showing signs of revival
The composite PMI of the Eurozone countries in May reached the maximum of 52.3 points during the year.
China's factory activity unexpectedly dips in May
China's manufacturing activity unexpectedly fell in May. The official manufacturing purchasing managers' index (PMI) dropped to 49.5 in May from 50.4 in April.
Three mega-alliances face 36 containerships shortage for Asia-Europe trade
The analyst estimates the capacity deficit of almost 510 thousand slots. This represents 9.6% of the total capacity required to provide weekly trade frequency on all services declared by the alliances along the Asia-Europe corridor.
20% reduction in Europe and Asia freight traffic
Maritime shipping volumes between Europe and Asia will decline by 15–20% in the second quarter due to the ongoing tough circumstances in the Red Sea.
Industrial activity in the eurozone declines except in three countries
The eurozone has a fall in the Purchasing Managers’ Index from 46.1 points in March to 45.7 points in April. The number of new orders in April decreased at a sharper pace compared to the previous months.
TELS GLOBAL: Optimisation of logistics between Poland, Germany, the UK, France, the Balkans and the Czech Republic
The result of the structural changes was the creation of new opportunities in the organisation of logistics chains between European Union countries, optimisation of work with transport companies and increased competitiveness of offers for cargo owners.
Container spot rates accelerate sharply in CW 19
The Drewry WCI spot index for the Shanghai–European ports route and the Shanghai–US ports route increased by 18–20% and 16% over the week, respectively.
Imports from China: rising tariffs and container shortages
On the market of cargo transportation from China, a number of circumstances arise that must be taken into account when planning logistics operations.
Road tolls for trucks under 7.5 tons to be introduced in Germany, yet there are loopholes
Not only Germany itself will be affected, but also neighboring countries such as Poland, with its tens of thousands of vehicles moving in and out of Germany.
Registration of new heavy trucks declines in Poland
From January to March, 7,226 new trucks of all types were registered in Poland which is 16% less than during the same period in 2023. The number of registrations of long-haul trucks decreased by 16.8%.
Germany records a sharp decline in truck traffic
Over the first quarter of 2024, the total truck traffic in Germany decreased by 3.1%. The traffic of German trucks decreased by 3.8%, Polish trucks drove 1.9% fewer kilometers.
Asia-Europe spot rates continue to decrease
Nonetheless, the rates remain well above early December levels, prior to the spike triggered by the threat of Houthi attacks on merchant ships in the Red Sea.
China-Europe rail transportation volume increased by 18% in 2023
More than 17.5 thousand container trains were dispatched from China to Europe, which is 6% higher than in 2022.
Long weekend is the best time for transportation scammers
The specifics of the transportation companies’ work provide scammers with a wide scope for deploying their activities. TELS GLOBAL is also occasionally targeted by cargo thieves, and a strong screening and clearance system is designed to combat them. Case study...