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Logistics News with TELS GLOBAL
Germany’s GDP and foreign trade are in decline, but there is still no recession
The industrial production volume in Germany in 2023 decreased by 2% compared to the previous year’s result.
Antwerp-Bruges port complex reduced cargo and container turnover
The container traffic, which constitutes half of the port’s turnover, decreased by 6% in tons and 7% in TEUs.
Trade wars escalate over China’s manufacturing growth
To avoid recession, China is investing in manufacturing and exporting up to half of its turn out goods. This may provoke trade wars with the US, Europe, and other countries, Bloomberg notes.
Air cargo turnover and capacity supply continues to increase
The air cargo traffic through the end of November 2023 increased in all major regions of the world.
Red Sea crisis boosts demand for rail transportation
It is expected that spot rates for rail transportation towards Europe will increase by more than 20% in January compared to the previous month.
Asia will be the growth driver of the global contract logistics market
The analysts at Transport Intelligence expect the global contract logistics market to grow at a significantly slower pace in 2023 compared to the previous year, which will be the lowest year-on-year growth since 2016.
Transportation prices from Asia to Europe doubled as a result of the Houthi attacks
The cost of container transportation from Asia to Europe has doubled amid the crisis in the Red Sea, which is associated with the increasing frequency of rocket attacks on merchant ships by Yemen’s rebels, the Houthis.
Turkish exporters are developing a Plan B
Turkish exporters are developing a Plan B to export their products due to the losses they are incurring in Europe.
China's foreign trade has declined, yet not with everyone
China's total imports and exports for the first 10 months of 2023 have dropped overall by 6.5 percent and 5.6 percent, respectively.
Container carrier transit through the Panama and Suez Canals is reducing
The Panama Canal is set to significantly reduce daily neo-Panamax transit slots from eight to five starting January 2024, which will lead to increased congestion and container carrier delays, prompting carriers to impose new fees, while ongoing protests will further impact land access to Panamanian ports.
Chinese purchasing activity decreased for two months in a row
The Purchasing Managers’ Index (PMI) in Chinese industrial sector, which showed a decline in October, continued to move in the same direction as the results of November demonstrate.
The largest shipping lines have an average schedule reliability of 64%
Among 13 largest shipping lines, 6 of them showed improvement in schedule reliability in October (no data available for Hamburg Süd).
Road charges in Germany will hit many EU countries
The German government increased rates for truck transit on highways and federal roads starting December 1.
Global driver shortage is to double in five years
In most of the studied countries, at least 50% of road transport operators have serious problems recruiting qualified drivers. Many of them are also unable to expand their businesses and are losing existing customers and revenue.
German car industry moves activities abroad
Energy costs are a major concern for the car industry and medium-sized automotive companies in Germany. 71% of companies say they are seriously burdened by high electricity prices.
TELS GLOBAL is improving its logistics service in Germany, France, Italy, UK, and Turkey
The specialized departments will apply all the accumulated experience of working with clients and transport companies in these areas of transportation and will continue to improve the logistics schemes, minimize the costs for all participants, and increase the efficiency of interaction.
Global refrigerated transportation will grow at the expense of emerging markets
The main driving force behind the expansion of refrigerated logistics is the growth in global food production and consumption, which has been continuing for more than 20 years.
Shipping costs increased in November
According to a recent report by Transport Intelligence, major shipping companies will significantly increase their freight rates on key East-West trade routes in November and December.
Global air cargo demand increases for the second consecutive month
According to the International Air Transport Association (IATA), the global civil aviation cargo turnover increased by 1.9% in September year-on-year.
Germany's toll increase threatens to affect the Czech Republic
Besides the inevitable increase in road tolls in Germany, which will significantly increase the costs, Česmad Bohemia states that Czech carriers will face an unprecedented low number of orders over the next 6 months.