After two years of decline, China-EU railfreight volumes are back on track [The Loadstar].
Westbound flows last year soaring 130% year on year, helped in part by the Red Sea crisis.
Volumes from China to Europe passed 330,700 teu, with 49,730 teu heading the other way, and while that represented the lowest score since 2017 — and a drop of 26.7% year on year — the combined China-Europe volumes were up 80.2% on 2023, according to the European Rail Alliance.
Supply chain analytics platform Upply said disruption had been one factor in the China-to-Europe increase.
Development of North — South ITC faces some fundamental challenges: a limited cargo base, fragmented essence of the route at the current stage, various interests of states. However the prospects for future development are attractive
The trade relationship between China and the US has been deteriorating, a trend that began during the Trump administration and has continued under Biden. While the EU has been more cautious in its approach, its patience with China’s trade practices is wearing thin, leading to potential further strain in the trade relationship between China and the West.
