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...“It is well established that the increased freight rates and service deterioration witnessed during the pandemic were the temporary result of extraordinary market forces,” they wrote....
...Mads Drejer, chief operating officer of Denmark-based logistics company Scan Global Logistics, said his company was “increasingly seeing” higher air freight demand....
...Although the disruption caused by attacks by Yemen’s Houthis has caused a surge in freight rates since mid-November, boosting shipping lines, this may be outweighed by extra costs....
...She writes: “I’m sure you hear that from every small company, but how are we supposed to make money and survive????” Indeed....
...Companies are also facing increased shipping costs as a result of the Houthi attacks....
...Beijing has been neutral on the Houthi attacks but the disruption has raised freight rates, impacting Chinese companies, according to analysts....
...Shortly after Johnson’s election win, Levido founded the advisory company Fleetwood Strategy — whose clients include Airbnb, Balfour Beatty and Palantir — leading to Labour allegations about him mixing Tory...
...“It’s not something like a ban but we would prefer European companies . . ....
...However, the company stressed that it was carrying no traffic originating in or travelling to Russia in line with western exports restrictions imposed on Russia for its war on Ukraine....
...But the disruption has been something of a gift to shipping lines. Danish containerline Maersk joined other groups and confirmed this week that transits along the route would pause....
...Longer supply lines tie up more vessels, boost freight rates, widen origin-destination spreads, and lift bunker demand....
...Disruption in the Red Sea because of attacks by Houthi rebels in Yemen has led most container lines to send their vessels around the bottom of South Africa rather than through the Suez Canal, pushing freight...
...The research, by the London-based shipping services company Clarksons, also showed that the number of container ships diverting from the Red Sea to travel round the Cape of Good Hope on January 9 was more...
...“Some of the competitors in [the] Greater Bay Area continue to receive government incentives, hence able to offer attractive lower price option[s] to shipping lines,” the company added....
...We guess the message of this post is that despite the deglobalisation freight train, the world is still an interconnected place....
...CSX, one of the biggest freight railroad companies on the east coast, said customers should expect delays due to the bridge collapse, adding that all international intermodal shipments destined for Baltimore...
...Dominated by a few huge companies like Switzerland’s MSC and Denmark’s Maersk, container lines operate like a regular conveyor belt across the oceans....
...Earnings will remain under pressure as freight rates fall. Analysts expect the company to make a net loss next year....
...The parent company of Mexican rail company Ferromex, Grupo México, declined to comment....
...Container freight rates on east-west trades have more than doubled in four weeks....
...Last year the company offered several trial slots for private companies to operate trains on two container corridors....
...The company, also focused on Ireland, has clients including Ikea and Asda....
...Nonkululeko Dlamini, Transnet’s chief financial officer, also left on Friday to take up the same position at Telkom, South Africa’s listed phone company....
...Unlike the UK where freight lines are shared with passenger lines, “European countries have separate freight [rail] lines”, the executive pointed out. “You have Victorian infrastructure....
...But when freight rates rose to record highs during the pandemic, profits soared, infuriating customers who faced severe delays importing and exporting goods through congested ports....
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