Logistics News with TELS GLOBAL

TELS GLOBAL: China’s exports weaken the prospects for producers in other countries

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"

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

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

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

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

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

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

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

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

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

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

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

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

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%.

OECD: Global GDP growth is expected to slow, forecasts are lowered for the euro zone

OECD: Global GDP growth is expected to slow, forecasts are lowered for the euro zone

The growth of the global GDP will slow to 2.9% in 2024 from 3.1% recorded at the end of 2023. In 2025, the growth will reach 3%.

Road freight in Europe: contract rates rise while spot rates fall

Road freight in Europe: contract rates rise while spot rates fall

According to the latest comparative report on the progression of road freight rates in Europe by the analysts at Transport Intelligence and Upply, the spot rates in Europe continued to fall below the contracted levels in the fourth quarter of 2023.

The world's largest port of Shanghai increased container transshipment by 18% in January

The world's largest port of Shanghai increased container transshipment by 18% in January

The demand for maritime container transportation last year was 0.3% higher than a year earlier, following a decline of more than 4% in 2022.

Significant decline in rail transportation between the EU and China

Significant decline in rail transportation between the EU and China

The PRC is likely to lose its status as Germany’s main trading partner in 2024, which it has consistently held since 2016.

Red Sea crisis boosts interest in air transportation

Red Sea crisis boosts interest in air transportation

The disruptions in supply chains caused by the Red Sea crisis are forcing companies to increasingly seek alternative transportation options from Asia to Europe.

Europe barely escaped a technical recession at the end of 2023

Europe barely escaped a technical recession at the end of 2023

The EU economy struggled to escape a technical recession in the last three months of 2023. The decline in the German GDP was offset by a strong GDP growth in Portugal and Spain, as well as the strengthening indicator in Italy.