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Logistics News with TELS GLOBAL
Two-Thirds of Containerships Face an Average Delay of 7.6 Days
According to Sea-Intelligence, schedule reliability figures dropped to all-time low 33.6% in August 2021. It hovered between 35–40 % during the year.
The Infrastructure Is Stressed by Container Train Congestions
According to press service of RZD Logistics, freight trains are creating an immense congestion at the borders of China and Europe.
Rail Remains 3.5 Times Cheaper Than Sea Freight
In 2021, container shipments by rail from China to the EU increased by 1.5 times year-on-year.
European Road Transport Market Will Exceed Pre-Pandemic Level
The value of European road transport market will increase by 8.6% in 2021 against 2020 and will exceed the pre-pandemic level by 2.2%, reports Transport Intelligence.
Road Freight Rates in Europe Have Been Growing for Five Consecutive Quarters and Are Going Upwards in the Sixth
The average road freight rates in Europe increased by 2.9% in the third quarter of 2021 against the previous year.
Air Freight Costs Have Almost Tripled Since the Beginning of the Year
According to the UK-based Air Charter Service, a charter from Asia to North America on a Boeing 777 now costs around $2 million. For reference, the pre-pandemic highest price for such a charter was $750K.
European road carrier rates will rise in 2021-22
We would like to share statistics figures and estimates on the rate growth from European road freight carriers. his information is important for understanding the near and long-term prospects in the freight market both within the European Union and to / from Europe.
Shifting Priorities: Timeliness Is Beyond Money, Multi-Sourcing Is Better Than Single Sourcing
The report covers continued disruptions in supply chains, tonnage deficiency and shortage of equipment forcing the companies to re-prioritize supply chain management systems.
Air Freight Rates from China Are Climbing
Prices for one-way air freight charter flights have soared to US$1.5 million as capacity is getting tighter during peak seasonal demand periods.
New Achievement of TELS in Corporate Social Responsibility
In July this year, TELS passed the CRS audit (for compliance with the principles of Corporate Social Responsibility) again increasing its score by 8 points!
Things You Might Not Know About Air Cargo
The air cargo market has got many peculiar features. It will surprise by numerous things from relationships with agents to the unexpected behavior of the airlines, which is quite often. Nevertheless, TELS has been developing successfully in this market demonstrating unique qualities at times and taking a leading part in solving numerous issues.
Air Cargo Market Is Growing at a Strong Pace Despite the Many-fold Increase in the Rates
According to the International Air Transport Association (IATA), the demand for air cargo services increased by 12% in April 2021 compared to the values in April 2019.
Rate Cuts Not Expected This Summer Season
Summer has always been characterized by a seasonal decline in transportation rates in the market. Forwarding companies take this factor into account when preparing annual contracts with their customers.
Shipping from China to Europe by Railway Is Now Cheaper by Sea
The rates for container shipments between Asia and Europe by railway have dopped below the shipping costs by sea.
The Imbalance Between Supply & Demand Will Keep Air Freight Rates High
The shortage of carrying capacity in the air cargo market is currently around 30% despite the higher level of cargo turnover against the pre-pandemic period.
Railway Container Flows Between China & Europe Increased 2.5 Times
In January – February 2021, 109.3 thousand TEU were transported via Russian railways from China to Europe and back, which is 2.5 times more against the same period of the previous year.
Automated Customs Inspection Complexes Will Speed up Rail Freight Containers from China
The press service of Rostec State Corporation, Russia, reports their plans to equip railway entry points at the border between Russia and China with customs inspection complexes (CIC) by December 31, 2021, which will allow to check freights automatically without stopping the train.
Post-Pandemic Economy. The Risk of Surge in Defaults
The massive growth in government spending has resulted in a sharp increase in global debt. Trying to maintain the economy ruined by the coronavirus pandemic, the central banks made an unprecedented cut in interest rates in 2020.
Shipping Lines Lose Containers at Sea. How to Protect Your Interests?
Several cargo ships have lost a large number of containers in recent months in different incidents, reports the Wall Street Journal.
Logistics during the Pandemic. 2020 in Review. 2021 Outlook
In 2020, the market of transportation and logistics differed greatly from the previous periods. The experience of a logistics operator acting in conditions of economic and political recession gained before was applied only partially last year – the major factor influencing the entire world economy was the COVID-19 pandemic.