Transpacific drop illustrates shifting global container trade patterns
Container volumes between the Far East and North America dropped 14.8% year on year in ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
There have been mixed reports about the success of the China-Europe rail service, and this SCMP article is one of the more negative viewpoints. While forwarders and shippers have been extolling the virtues of the service – it’s speed versus ocean and its price versus air – its big failing is the one-way traffic, which increases the cost of China’s goods. China’s European imports tend to be mechanical equipment and precision instruments, not commodities which have embraced rail freight as yet. However, increasing demand for European foodstuffs in China could result in greater traffic eastbound, although will take some time for the market pick up.
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