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Logistics News with TELS GLOBAL
China's Nov factory activity growth hits 5-month high
China's factory activity expanded at the fastest pace in five months in November as new orders, including those from abroad, led to a solid rise in production, pushing manufacturers' optimism degree to an eight-month high.
Is Europe set to face a new gas crisis?
Bloomberg further clarifies that while the rate of increase in gas prices is well below that seen in 2022, it is still high enough to threaten to worsen the inflation crisis and increase pressure on manufacturing.
EU finances enhanced security of lorry parking areas
Currently, drivers in the EU face a marked shortage of secure parking options, often relying on poorly equipped or unsafe areas to rest.
European Commission revises growth estimates for economies in wake of US election results
The EU’s GDP grew by 1% in the third quarter. This compares with 0.8% in April–June. However, growth may slow somewhat in the fourth quarter, partly due to a subdued recovery in Germany and the fading ’Olympic momentum’ in France.
Combined transport in Europe gains support from governments
A recent survey carried out by the International Union for Road-Rail Combined Transport (UIRR) among its member companies shows that the performance of mixed (combined) transport fell by 0.79% in Q3 2024 year-on-year.
China enhances export control of dual-use items
New regulations will come into force in China on 1 December 2024, requiring a special licence from the Ministry of Commerce of the People’s Republic of China for the export of dual-use items.
Ports in Europe announce tariff increases
The Port of Rotterdam Authority has announced a 6% general increase in seaport and inland port tariffs for 2025. Following this, tariffs will rise by 3.5% in 2026 and 2.5% in 2027.
CMA CGM resumes Red Sea transit
CMA CGM is the only global carrier whose vessels continue to sail in the Red Sea. In April, the operator brought its vessels back on the route on the service linking Asia with Mediterranean and Adriatic Sea ports.
Global air cargo demand hits 14th consecutive month of growth
In September 2024, global civil aviation cargo traffic was up 9.4% year-on-year and international traffic was up 10.5%.
Container throughput in European ports still below pre-war levels
Container throughput in Rotterdam, Europe’s largest container port, has been consistently around 0.1 million TEUs higher than last year in each quarter of this year, although still below 2022 and well below 2021.
European road freight rates remain stable in Q3
Spot rates experienced a slight decline due to poor demand with contract freight rates flat due to cost pressures.
Euro zone grows faster than expected in Q3 but outlook remains weak
Gross domestic product in the 20 countries sharing the euro grew by 0.4% in the third quarter from the previous three months.
TELS GLOBAL at the TransLogistica Poland exhibition
On 5-7 November, TELS GLOBAL presented itself at TransLogistica Poland.
China pauses investment in EU countries backing tariffs on electric vehicles
China has told its automakers to halt big investment in European countries that support new tariffs on Chinese-built electric vehicles.
Euro zone business activity continues to weaken in October
The preliminary composite euro zone Purchasing Managers’ Index (PMI), compiled by S&P Global, nudged up to 49.7 in October from September’s 49.6 but remained below the 50 mark that separates growth from contraction for the second month in a row.
IMF: Global growth expected to remain stable in the coming two years
In its World Economic Outlook issued in October, the International Monetary Fund (IMF) expects global economic growth of 3.2% in 2024 and 2025. This is one-tenth of a percentage point lower than forecast in July for 2025.
Route around Africa to take 13% more ships
The Gemini alliance will need approximately 340 vessels, compared to the 300 ships that would have been enough for routes across the Red Sea.
China’s economic slowdown: Government response
The world’s second largest economy grew by 4.6% in July–September, official data show, a touch above the 4.5% forecast in a Reuters’ poll but below the 4.7% in the second quarter.
Transport theft on the rise globally
In July, TAPA recorded the highest level of reported supply chain thefts in EMEA (Europe, Middle East and Africa) this year.
Global container ship order book sets a record
However, the record tonnage volume of container ships under construction does not mean a proportional increase in the cargo space offers.