The escalating political and economic crisis in Turkey, sparked by bribery and corruption investigations that have forced three cabinet ministers to step down, threatens to undermine the nation’s ambitious bid to become a global logistics hub.
News & Analysis
03 Sep 2015
FESCO, one of Russia’s largest privately-owned transportation and logistics companies, posted significant declines in container volumes in the first half but believes that its future is bright.
02 Sep 2015
Transcontainer, Russia’s leading intermodal freight transporter, saw its revenue plummet 64 percent in the first half to $15 million, compared to $41.4 million in the first-half of 2014, as the decline in Russian trade makes itself felt in companies’ bottom lines.
27 Aug 2015
Russian railway monopoly RZD plans to build a $30 million inland hub aimed at reducing congestion at the nearby St. Petersburg port and handling transshipped cargo from the country’s largest container gateway.
25 Aug 2015
China and Kazakhstan are working to more than double containerized rail traffic bound for Europe via the launch of the Trans-Caspian international transport route connecting China, Kazakhstan, Azerbaijan, Georgia and Turkey.
13 Aug 2015
Shippers looking to use rail between Europe and China have another option to consider as companies continue to
04 Aug 2015
Shippers moving containerized cargo between China and Central Europe and Central Asia can soon tap a new transport corridor connecting China, Kazakhstan and Azerbaijan via rail and a new seaport in the Azeri capital of Baku.
31 Jul 2015
Russia plans to significantly increase the volume of its container trade with Japan by building a new rail bridge that will connect Sakhalin, Russia's largest island in the north Pacific Ocean, with Hokkaido, Japan's second largest island.
30 Jul 2015
State-owned Container Corporation of India is expanding its intermodal services connecting the country’s southeastern container ports, beginning its second rail service to a southeastern port in as many months.
28 Jul 2015
Airlines flying cargo between China and Europe will be hit hardest by Beijing’s One Belt, One Road trade strategy as the land bridge rail route proves too attractively priced to ignore, believes Steve Flowers, head of global freight forwarding at UPS.
23 Jul 2015
The combined impact of rising operating costs and sluggish domestic intermodal volume growth amid intense competition from private rail operators drove state-owned Container Corporation of India’s first quarter net profit down 26.5 percent year-over-year to approximately $32.5 million.