EU shippers fear for business as their boxes stack up in Russia
While trade sanctions against Russia following its invasion of Ukraine in 2022 have been well-documented, ...
ID 149115585 © Алёна Шапран | Dreamstime.com
In an effort to address looming container imbalances set to further cripple box supply chains on the core Asia-Europe trades, rail operator UTLC ERA has slashed its rates for carrying empty containers back to China.
The company, jointly owned by the national rail companies of Russia, Belorussia and Kazakhstan, said it was cutting the price of moving empty 40ft and 45ft boxes back to China by as much as 50%, “depending on volume and route”.
“I am certain this will bring about ...
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