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...Maersk is a bellwether of global trade, carrying about a fifth of ocean freight....
...Mozambique provides about half of India’s pigeon pea imports, typically from small-scale farming....
...In an effort to build their case, the police employed the services of a veterinarian who carried out an autopsy on the pigeon’s cadaver and was able to confirm that the cause of death had indeed been traumatic...
...The diversions have mainly affected services between Asia and Europe, although some services from Asia to the US east coast are also affected....
...Maggie Simpson, director-general of the Rail Freight Group, said: The West Coast main line simply does not have the capacity for these extra trains alongside current services and rail freight growth, and...
...The overall tax take will first have to rise to finance vital additional public investment, rescue public services in crisis and so catalyse more growth....
...Lines are also facing high costs to lease the extra ships required to maintain services via the longer routes and higher insurance rates. “It’s more fuel that’s needed, more maintenance, storage . . ....
...Hapag-Lloyd said it had slashed services on several routes to save costs, but unlike rival Maersk, which last week announced 10,000 job cuts, said lay-offs were not on the table....
...Part of that appeal has been the depth of the market: you want neutrality but also a portfolio full of idiosyncratic risk (think of Pigeon, the baby-product manufacturer whose shares used to rise when an...
...Analysts point to a labyrinth of regulatory and safety hurdles, but supporters say the technology could fundamentally reshape how humans travel and freight is moved, in a level of disruption akin to the...
...It affected freight transport from Tuesday evening and passenger services from Wednesday morning, and is due to continue until Monday evening at 6pm....
...DP World, which handles 40 per cent of Australia’s maritime freight, has not commented on the resumption of services but the Australian government said that freight movement remains “significantly reduced...
...Container lines, which handle movements of manufactured goods and components, mostly offer one service a week on their most popular routes....
...Alibaba’s Cainiao logistics service said it operated on average 170 chartered flights or block-space agreements per week....
...Recent Houthi attacks on container ships in the Red Sea have begun to push up air freight rates and shown fresh pockets of demand for such services....
...Under EU sanctions, there is a near-ban on movements of road freight to and from Russia and Belarus. There are also restrictions on RZD’s ability to access some financial services....
...“It’s about absolutely overloaded conventional operators” for freight in particular, Kupka said, warning it would potentially hurt the functioning of the EU’s single market....
...Disruption in European ports was also a risk if many delayed services all arrived close together, he added....
...Climate change could create upward pressures on goods prices through more severe disruptive weather events or drought-induced restrictions on freight shipping in waterways....
...Whilst [Hong Kong’s port] is still a big employer, it is no longer the gateway to southern China as there are other ports in the Greater Bay Area which service the manufacturers there,” said Huxley, referring...
...“The urgency of reopening these crossings and restoring rail service between the two nations cannot be overstated,” said Ian Jefferies, chief executive of the Association of American Railroads....
...“In line with this, we are omitting Baltimore on all our services for the foreseeable future, until it is deemed safe for passage through this area.”...
...The survey reported that rising ocean freight rates contributed to the cost burden for factories, with these rising at the fastest pace since March 2023....
...Services between Asia and Europe are most affected, although some from Asia to the US east coast have also been hit....
...That explains why freight rates and share prices were in the doldrums....
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