Europe-bound Chinese rail freight is expected to become a whole lot more expensive as Beijing looks to address multiple looming economic crises [The Loadstar].
Having spent years subsidising its rail freight network, with the intent of entrenching it as a legitimate alternative to the more dominant air and ocean cargo services, China’s government is reputedly lining up a faster-than-expected subsidy reduction.
The July 2024 Ocean Freight Market Update highlights the current trends and developments affecting global shipping, with a specific focus on demand, capacity, rates, and regulatory impacts
The continuing upward trend in the volume of transit freight transported along the China-Europe-China route reflects the recovery of traffic and the return of shippers to continental routes.
