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Logistics News with TELS GLOBAL
Global container fleet growth sets records
Last month a new record was set for the growth of the global container ship fleet; according to Linerlytica, almost 280,000 TEU of new capacity were delivered in June.
Manufacturing activity is weakest in euro zone countries
According to J. P. Morgan and S&P Global, the average data of leading indicators of the state of global industry, purchasing managers’ indices (PMI), indicate a further weakening of demand for global industry products.
Delivery time along the Trans-Caspian International Transport Route to be cut in half
Kazakhstan, Azerbaijan, and Georgia will create a major logistics company. The new agreement between the countries will change the approach to transportation along the Trans-Caspian International Transport Route.
Contract rates for sea container transportation have halved since the beginning of the year
The latest Xeneta Shipping Index (XSI®) data has shown a 9.4 percent decrease in global shipping container rates for June 2023 compared to the previous month.
Kazakhstan is to become an important transport hub between Europe and China
Experts believe that the Silk Road is recovering, although it looks different in the today’s trade and geopolitical conditions.
FedEx cuts air cargo fleet due to reduced demand
During the fourth quarter of the 2023 fiscal year FedEx decommissioned 18 aircraft. In fiscal year 2024, the company plans to remove 29 more aircraft, nine of which will be decommissioned.
Lithuania tightens the rules for transporting goods in the eastern direction
Starting July 3, 2023, a manufacturer’s declaration will be required for certain goods in transit from Lithuania through the Russian Federation or Belarus.
Timeline for global economic recovery is pushed back again
In its semi-annual update of the global economic outlook, the World Bank (WB) stated that the recovery from the crisis has been delayed.
Air cargo traffic: so far worse than last year, but the dynamics are positive
The global cargo turnover of civil aviation in April 2023 decreased by 6.6% compared to April last year.
Eurozone GDP demonstrates recession
GDP in the Eurozone shrank by 0.1% in the first quarter of this year. It was preceded by a similar decrease in GDP in the fourth quarter of 2022.
Polish ports will get thru traffic with Chinese ports
MSC declared the relaunch of Swan service as an independent service that will connect several major Chinese ports with the ports of Benelux and the Baltic Sea.
Polish inspection protects its carriers from unfair competition
Rafal Weber, Deputy Minister of Infrastructure, and Alvin Gajadhur, Chief Road Transport Inspector, have reported to Polish media that state inspections and services are checking almost 60 Russian- and Belarusian-owned transport companies working in Poland.
Marketing Audit of Global Market to Form a Development Strategy
Department of Analytics and Marketing Research of TELS GLOBAL prepared the Marketing Audit of Global and Local Markets for the Board of Directors to adjust the development strategy taking into account existing trends, risks, and forecasts. In the document, social and political, geoeconomic, and economic factors are assessed according to their significance, as well as the most expected scenarios for the development of different regions and forecasts are presented.
Number of truck robberies across Europe is spiraling
According to the Transported Asset Protection Association (TAPA), the goods worth 8,947,337 Euro were stolen from the trucks in 29 EMEA (Europe, Middle East, and Africa) countries in February 2023, which is 82.5% higher than in February 2022.
Road transport rates in Europe continue to fall
Despite the decrease in the past two quarters, the spot and contract indexes were significantly higher than the same indicators in the corresponding period of 2022.
Speed of container vehicles slows down for the sake of economy and ecology
In the first quarter of 2023, the average speed of container vehicles on line services decreased to 13.8 knots, which is 4% less than a year earlier.
Loan volume of Eastern European countries reached record levels
The loan volume of the European countries this year reached $32 billion – three times more than during the same period in 2022.
Polish carriers block border crossings in the east, with ZMPD’s support
The Polish truckers blocked the movement of trucks at the Koroszczyn terminal on May 9. Kozlovichy – Koroszczyn is the only remaining border crossing for trucks functioning on the Belarusian-Polish border
Europe’s largest ports have significantly reduced container turnover
The container turnover of Europe’s largest container port, Rotterdam, which handles about a third of all containers handled through North European hubs, was 3.2 million TEUs in the first three months of 2023, down 11.6% from a year earlier.
Strikes in France disrupt the EU supply chains
The protesters against the pension reform in France carried out targeted actions destabilizing navigation on the internal waters of the country (including on the Rhine River) and intentionally created obstacles to the free movement of goods.