Schedule reliability on the rise despite European port congestion
Despite ongoing reports and warnings of worsening port congestion levels in North European ports, container ...
ZIM: TAKING PROFITXPO: CPI BOOSTMAERSK: WINNERCHRW: TOP 'QUANT' PICKGXO: KEY EXEC OUTAAPL: 'MUSK RISK'EXPD: SELL-SIDE BEAR UPS TARGETUPS: SLIDINGZIM: SURGING ON TAKEOVER TALKEXPD: CASHING INCHRW: INSIDER SALEFWRD: TRADING UPDATE
ZIM: TAKING PROFITXPO: CPI BOOSTMAERSK: WINNERCHRW: TOP 'QUANT' PICKGXO: KEY EXEC OUTAAPL: 'MUSK RISK'EXPD: SELL-SIDE BEAR UPS TARGETUPS: SLIDINGZIM: SURGING ON TAKEOVER TALKEXPD: CASHING INCHRW: INSIDER SALEFWRD: TRADING UPDATE
Just how bad has congestion at Manila, gateway to the Philippines, become? Really, really bad, according to this report from Reuters. A seven-month ban on trucks using the city’s roads during daytime hours has led to a backlog of around 20,000 containers, which will take months to clear, and comes far too late for a lot of frustrated shippers who needed to see their export boxes loaded in time for the Christmas shopping season in the West. The country boasts the second fastest trade growth in Asia after China, but that is under threat unless it can modernise its ports and hinterland infrastructure.
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