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Logistics News with TELS GLOBAL
Updated Outlook is Becoming Increasingly Pessimistic
Global economic growth is projected to decelerate in 2022. The Institute of International Finance (IIF, Washington) now expects global GDP to grow only by 2.3%
Shanghai–Europe Freight Rate Index Has Dropped by 28% for Two Months
The World Container Index (WCI) assessed by Drewry for Shanghai to Northern Europe routes has reached a record low of $10,000 per a 40ft container at the 18th calendar week, and it continues to fall.
China–EU Transit Switches to Southern Routes
Turkey, Kazakhstan, Georgia, and Azerbaijan signed a declaration on the East-West Middle Corridor with the Caspian Transit.
Two Largest European Ports Reduce Container Turnover
Container turnover in Rotterdam, which is the largest European container port and which transports about a third of all containers transshipped through northern European hubs decreased by 1.4% to 3.6 million TEU in the first quarter of 2022.
Hundreds of Vessels are Queuing Up at Chinese Ports
A number of vessels waiting to load or unload in the combined anchorage of Shanghai with Ningbo, where vessels are waiting for entry into ports, has increased by 17% in comparison to the previous month.
The Cost of Shipping a Container from China to Northern Europe Has Fallen by 20%
In the first half of April 2022, the World Container Index (WCI) assessed by Drewry has decreased to 8 thousand US dollars per FEU, which is close to the level of the end of June 2021.
Road Freight Transport Rates in Europe Almost Doubled in a Year
Road transport rates in Europe grow every year so they are not likely to decrease as the main factors driving the growth will remain for a long time.
European road freight capacity has been reduced by up to 7%
A recent report in Germany’s most-read news site, Der Speigel, contained information regarding an internal document by Germany’s DSLV transport federation.
Fuel Prices Have Reached the Level When It Has Become “Impossible to Work”
Diesel prices are rising amid fears of a global economic crisis from the military conflict between Russia and Ukraine.
Shipping Delays to European Ports Continue to Increase
FourKites, the supply chain visibility platform, states that the shipment time to the European ports has increased by 25% compared to the data from February 17.
Diesel fuel shortage looms in the world market
According to Insights Global, a Dutch consulting company, at the beginning of February, stocks of diesel fuel and fuel oil in storage in the European refining and storage area Amsterdam-Rotterdam-Antwerp (ARA) were at their lowest for this season since 2008
More than two weeks in line at the border
Two queues of trucks were formed at the Privalka checkpoint. One is for truck drivers who enter Lithuania on a common basis, and the other is for those who have a paid pass.
Freight Rates. Current Situation and Forecasts
Freight rates for all modes of transport have been unstable and mainly increasing. Read more on the market outlook as well as the reasons for rate growth in the consolidated information prepared by experts.
Elimination of Subsidies Will not Affect Freight Train Transport Services from China
The Global Times (Huanqiu shibao), the Chinese newspaper, published the results of survey of rail freight users on the possible abolition of government export subsidies for transportation.
Combination of Rail and Sea Is a Sustainable Trend of Alternative Transport
In the context of serious problems in the maritime transport industry (the rates and delivery time have increased, while the accurate forecasting has become impossible), the market of multimodal transport combined with rail and “short sea” is growing. The flow of goods from China to Europe via Baltic ports is increasing.
Logistics in the Automotive Industry, the Pandemic Period
We continue our interview by discussing how logistics in the automotive industry has changed over the past two years and how logistics operators can develop in the new conditions.
Two-Thirds of Containerships Face an Average Delay of 7.6 Days
According to Sea-Intelligence, schedule reliability figures dropped to all-time low 33.6% in August 2021. It hovered between 35–40 % during the year.
The Infrastructure Is Stressed by Container Train Congestions
According to press service of RZD Logistics, freight trains are creating an immense congestion at the borders of China and Europe.
Rail Remains 3.5 Times Cheaper Than Sea Freight
In 2021, container shipments by rail from China to the EU increased by 1.5 times year-on-year.
European Road Transport Market Will Exceed Pre-Pandemic Level
The value of European road transport market will increase by 8.6% in 2021 against 2020 and will exceed the pre-pandemic level by 2.2%, reports Transport Intelligence.