Container spot rates have peaked as all major trades see prices fall
There was more evidence in this week’s container port freight markets that peak prices on ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
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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