Canada and Mexico get cosy with trade plan to bypass US
Canada and Mexico are closing in on a scheme to bypass the US to reduce ...
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
Relief could be in the pipeline for transpacific shippers – although not anytime soon. An old plan to build a rail line between China and the US (yes, really), has been revitalised. However, it will require buy-in from China, Russia, Canada and the US, a feat that may not currently be politically possible. According to Railfreight, the 13,000km rail line would partially be underwater, to cover the Bering Strait, becoming the longest underwater tunnel in the world, at more than 103km. The longest currently is the Channel Tunnel between the UK and France, just 50km.
The China-US rail network would provide capacity for some 100m tonnes of freight – or 8% of the total carried each year between Europe, Russia, Japan, South Korea, Canada and the US.
However, readers of RailFreight have little confidence – 55% saying it will never happen.
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