Eng
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.