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Logistics News with TELS GLOBAL
Moody's Ratings raises China 2025 GDP forecast
Moody's Ratings said it had raised China's 2025 GDP growth forecast to 4.2% from 4.0%, as it expected credit conditions to stabilise and Beijing's stimulus efforts since September.
Global aviation market set to break several records in 2025
Analysts predict that 5.2 billion passengers will be carried worldwide next year, an increase of 6.7% over 2024 and surpassing the 5 billion mark for the first time.
Geopolitical tensions not stopping maritime carriers from boosting profits
Net profits of the leading shipping companies in 2024 are already higher than in 2020 and 2023, second only to the pandemic years of 2021–2022.
German companies in China market: sentiment falls, but nobody wants to leave
Business sentiment among German companies in China is at an all-time low. However, 92% of German companies planned to maintain their operations in China’s $19 trillion economy.
Rail transit from China to Europe via Russia up by 85%
Significant growth in rail transit traffic on the China–Europe–China route began against the backdrop of military tensions in the Middle East.
Road freight rates to remain high amid rising costs
According to the latest report from Transport Intelligence (TI), European road freight rates remained relatively stable in Q3 2024. However, persistent inflationary pressures and structural cost increases are expected to drive rates higher in the coming months.
Manufacturing activity in Europe falls further in November
The downturn has hit all of the top three euro zone countries – Germany, France, and Italy. New orders are plummeting.
Increasing number of freight forwarders in Europe declaring bankruptcy
The European Cargo Association of International Freight Forwarders (ELVIS) AG has analysed the situation in the freight forwarding industry in the second half of the year and noted a critical situation. Companies are struggling to cover their own costs, which has led to shrinking car fleets.
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.