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Logistics News with TELS GLOBAL
Worldwide air freight traffic up almost 16% in H1
Double-digit growth rates were sustained throughout the first six months of the year. The worldwide air cargo surged 14.1% in June 2024 against June 2023 to 23.1 billion t⋅km.
Truck traffic decline in Germany accelerates in June
The total mileage of trucks on German motorways and federal roads decreased by 1.3% during the first half of 2024 on a year-on-year basis.
Euro zone business growth stalls in July
HCOB’s preliminary composite Purchasing Managers’ Index, compiled by S&P Global, dropped to 50.1 this month from 50.9 in June, barely above the 50 mark separating growth from contraction.
Ocean freight rates may return to pandemic times
Ocean freight rates have risen significantly over the recent weeks. This has sparked fears among freight forwarders and shippers that ocean freight rates are likely to return to the exorbitant levels seen during the COVID-19 pandemic.
Airlines plan to implement peak season surcharges in August
In June, the global air cargo market experienced its sixth consecutive month of double-digit growth, with demand increasing by 13% year-on-year.
Truck mileage in Germany continued to decline in June
According to the reports by the Federal Logistics and Mobility Office (BALM) and Federal Statistical Office (Destatis), truck traffic on the federal toll roads dipped again month-on-month.
Europe’s industrial sector remains in a state of decline
According to S&P Global, June’s Eurozone Manufacturing PMI index fell from 47.3 to 45.8 points. The rate of decline in sub-indices such as new orders and purchasing activity accelerated. Employment in the industrial sector also fell for the thirteenth consecutive month.
Understanding the spike in sea freight spot rates
Spot rates surged 74% between late April and early June. Philip Damas, Managing Director, Head of Supply Chain Advisors at Drewry, has identified key factors that have sparked a sudden rise in rates.
Germany to drastically cut spending on transport infrastructure
The German Federal Government plans to take austerity measures in the 2025 federal budget and has announced significant cuts in infrastructure and climate spending. Transport and Logistics Associations are concerned about reducing costs for maintaining and expanding highways and bridges.
World’s largest ports are overloaded, ships are queuing up
As reported by Linerlytica, global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia.
Uzbekistan to help ease shortage of truckers in Europe
The Agency for External Labor Migration of Uzbekistan has signed an agreement with Kreiss, a Latvian transport and logistics company, on arranging the recruitment of truckers to Latvia.
More than 60% of Polish carriers are downsizing their staff and vehicle fleets
According to ZMPD, more than 60% of carriers are retrenching their workforce and fleet or plan to do so in the coming months. 13% have stopped paying their financial obligations, and the number of bankruptcies in the first months of 2024 increased by 100% compared to last year.
Freight traffic record set in May on China–Europe rail routes
Last month, the number of freight trains traveling along these routes rose by 14% year-on-year to 1,724.
Air freight traffic growing at double-digit rates for the fifth month in a row
According to a survey run by the International Air Transport Association (IATA), global civil aviation freight traffic grew by 11.1% to 21.7 billion tkm between April 2023 and April 2024.
Shipowners prefer spot rates to contracts
Xeneta, a consulting company, wrote in late May that June should bring further rate increases on major routes from Asia to Europe and North America.
Bankruptcies of freight forwarders in Germany are on the rise
According to the Federal Statistical Office of Germany, the number of corporate bankruptcies increased by more than 27.6% in January and continued to rise in February and May.
Global airlines raise 2024 profit outlook
In contrast, the profitability of freight transportation is expected to fall 17.5% in 2024 as freight markets return towards normal patterns after booming during the pandemic.
Global contract logistics market exceeded the forecasts for 2023
The growth of the logistics market last year was mainly driven by the expansion of contract logistics in developing countries, with more modest growth in the developed regions.
Italians are outraged by the blocking of wine shipments at the Polish-Lithuanian border
Vittorio Torrembini, President of the Association of Italian Entrepreneurs in Russia, accused the Lithuanian and Polish customs authorities of unlawful blocking of cargoes heading from Italy to Russia, including cargoes of Italian wine, at the borders of these countries.
The European Commission subsidizes railway transportation
The new financing is intended to relieve the rail companies that carry out wagon railway transportation (EWV) from the high operating costs incurred as a result of complex picking and delivery processes through the transportation chain, and to ensure the competitiveness of railway freight transportation.