New USTR port fees threaten shipping and global supply chains, says Cosco
With the US Trade Representative (USTR) set to impose port fees on Chinese shipping lines ...
© Christopher Rawlins rail
By Alex Lennane
Rail services between China and Europe are growing fast, with the reliability, speed and cost looking increasingly attractive in the face of blanked container shipping services and very high air freight rates.
“The freight trains on the new Silk Road are well booked,” said Patrick Merkel, managing director of 4PL Prologue Solutions.
“Freight forwarders advise their customers to reserve capacities two weeks in advance.
“Rail transport between China and Hamburg currently takes only 18 days, instead of 32 or more by sea transport.”
Despite ...
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