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Logistics News with TELS GLOBAL
TELS GLOBAL at 10th anniversary edition of TransLogistica Poland
The 10th anniversary edition of TransLogistica Poland took place between 7-9 November 2023 in Warsaw hosting more than 380 exhibitors (about half of them are foreign companies) and 10 000 participants.
Road transport logistics in Germany is predicted to become more expensive
From December 1, 2023, truck toll costs will rise by an average of 81%, the German Freight Forwarding and Logistics Association (DSLV) predicts.
Europe’s largest ports underperform against last year’s container turnover figures
The decline in container transshipment at Rotterdam, Europe’s largest container port, has slowed down in the third quarter. However, the aggregate transshipment volume for the first nine months of the year is still below last year.
As business activity in Europe falls, purchasing power of the population increases
At the beginning of the fourth quarter, business activity in the Eurozone continued to decline. According to the preliminary estimates of Hamburg Commercial Bank (HCOB) and S&P Global, the composite PMI has declined in October to a three-year low of 46.5 points compared to 47.2 points in September.
German economy: GDP forecast is down, but investor confidence is up
In August, the volume of industrial production in Germany also continued to decline: it fell by 0.2% month-over-month and by 1.97% year-over-year.
While China’s GDP grows, its trade with key partners declines
At the end of the nine months of 2023, the country’s GDP has reached 91.3 trillion yuan ($12.7 trillion), which is 5.2 percent higher than during the same period in 2022.
Turkey as a promising destination country for economic ties
Turkey has extensive production and a wide range of commodity items, from industrial equipment to agricultural products.
Air transportation market increased for the first time in 19 months
In August, the global airfreight indicators, as measured in cargo tonne kilometer, increased by 1.5% year-on-year. For international flights, it amounted to 2%.
IMF and WTO updated global economic and trade forecasts
The World Trade Organization (WTO) economists have lowered their forecast for growth in the global trade in goods in 2023 from 1.7% to 0.8%.
Global container market demonstrates growth
Despite falling rates for container shipping, the volume of the global container market is still high. In monthly dynamics of 2023, the volumes keep growing everywhere, except Europe.
E-commerce in Germany declined for the first time in 15 years
For the past year, 1,000 B2C online stores with the highest sales rates, which represent the majority of all B2C online stores, recorded a 2.8% decline in sales in Germany.
The cost gap between sea and air transport has increased almost 17-fold
The widening gap is due to the fact that sea freight rates are currently only 7% higher than 2019, while air freight rates remain more than a third higher than before the crisis and are not going to decrease.
TELS GLOBAL: consolidated cargo from Europe to Kazakhstan
In connection with current world processes, many production and trading companies are actively reorienting to the Kazakhstan market. And, unfortunately, not many people know about our capabilities to deliver consolidated cargo from Europe.
Cargo hijackers are targeting electronics and pharmaceuticals
The share of electronic equipment in stolen goods increased from 12% to 19% during the analyzed period. Chemical and pharmaceutical products increased their share between 2017 and 2022, from 3% to 7%.
Decrease in global oil inventories pushes prices higher
After a slight decline, oil prices in many countries are headed up again. The global distillate inventories are now much lower than usual for this time of the year.
Container shipping rates from Asia to Europe dropped drastically in September
The cost of delivering a 40-foot container to ports in both Northern and Southern Europe decreased in price by more than $300 during the two weeks of September.
Spot rates for road transportation in Europe became lower than contract rates
That said, road freight prices in Europe remain on average 12–15% higher than prior to the pandemic...
Charter rates for container vessels continue to decline
The time charter rates for container vessels continue to decline. On average, time charter rates are now 15–20% lower compared to the end of last year.
World economy will continue to decelerate, and China will not help
The economic slowdown is related to three main factors: persistent high interest rates, tensions in the financial sector, and the slowing growth in China.
Air cargo market steadily recovers
In July 2023, the global civil aviation cargo turnover was close to the previous year’s level: according to the International Air Transport Association (IATA), the decline had amounted to only 0.8% by July 2022, with a 0.4% decrease in the international cargo segment.