Logistics News with TELS GLOBAL
DB is in the middle of the largest price increase in the group’s history
According to the Freight Railroad Association, the route prices for rail freight transportation will increase by 16.2% next year.
Europe’s industrial sector is still struggling to dig itself out of the hole
Certain Eurozone countries are starting to gradually restore their industrial activity, but the two largest economies in the EU remain stagnant.
Air cargo market has been increasing by double digits since December
The IATA notes that the growth in the available cargo capacity is mainly attributable to the return of a large number of passenger aircraft to service.
IRU: Demographic Disaster Affects Road Transport
In the majority of the surveyed countries, the percentage of drivers under the age of 25 is 12% or less. At the same time, most regions have a high proportion of drivers over the age of 55.
Price Pressure in the European Transportation Industry is Increasing
Since the freight yard is currently shrinking, its volumes will no longer be available on short notice if the market begins to recover. As a result of this process, a sharp rise in the spot market prices and a shortage of cargo capacity may occur.
Investment in Germany by foreign firms drops to decade low
Investment in Germany by foreign firms was at its lowest level in a decade last year, an IW institute study showed on Thursday, as de-industrialisation fears loomed over Europe's largest economy.
TELS GLOBAL: China’s exports weaken the prospects for producers in other countries
In an effort to mitigate the risks of losing Western markets, China will intensify its tough policy of export expansion to the markets of Russia and countries of the Global South.
Container rates drop to "unsustainable levels"
The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk CEO Vincent Clerc told.
Cheap products from China "shock" the world economy
The world economy experienced the 'Chinese shock' 20 years ago a surge of cheap products from the PRC. Economists believe that a repetition of the situation.
TELS GLOBAL is certified according to the IFS Logistics standard
IFS Logistics applies to all logistics areas, such as delivery by truck, rail or ship, and all types of food and non-food products, regardless of whether they must be transported at freezing temperatures, refrigerated or non-refrigerated.
The increasing trend in purchases and sales in port infrastructure
PwC does stress that some European destinations remain attractive, as evidenced by MSC’s entry into the Hamburg port operator HHLA. However, overall, the importance of the Asian trading area is growing while Europe’s importance is diminishing.
Asia-Europe container shipping rates fell by 20 to 25% over the month
The increase in the voyage duration, which used to go through the Suez Canal, and now are going around Africa, has not solved the problem of excessive supply in the world container shipping market.
13 road transport organisations against Austria
Organisations from all over Europe, including Austria, stress that the number of unilateral transit restrictions introduced by the Austrian government has been steadily increasing for years.
New Saudi feeder service launched in Red Sea
The company’s maiden fleet includes two 2,500-TEU feeder units plying between Saudi Arabia, Jordan, and Egypt, alongside a 750-TEU vessel serving Sudan from Jeddah.
Polish farmers plan to protest until April 30
Farmers in Poland have been protesting for many weeks. They occasionally impede traffic on highways by bringing agricultural equipment and block the traffic at crosswalks.
EU transport industry has shrunk, yet there are promising forecasts
The Transport Intelligence analysts expect a compound annual growth rate of 1.7% between 2023 and 2027.
German government does not hope for a swift rebound
The German government expects the economy to grow 0.2% this year, far less than a previously forecast 1.3%, as weak global demand, geopolitical uncertainty, and persistently high inflation dent hopes for a swift rebound.
Turnover of Europe’s largest container port dropped by 7% in 2023
In comparison with 2021, prior to the escalation of the Ukrainian crisis and the strengthening of the sanctions regime with regard to Russia, which affected the European economy, the port lost 12% or almost 2 million TEUs of annual turnover.
EU Commission cuts 2024 euro zone growth forecast
According to the EU Commission’s forecasts, the gross domestic product in the 20 countries sharing the euro currency will increase only 0.8% in 2024 rather than 1.2% it expected last November, but it will still be up from a 0.5% rise in 2023.
Maersk will refrain from routes in the Red Sea, possibly until the third quarter
The delivery time of goods shipped from Asia to Europe has increased by 10–15 days due to attacks in the Red Sea, and the cost of shipping has increased by 400%.