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
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.
17 Jul 2015
Transcontainer, Russia’s largest container rail shipping company, has had to adjust its plans to significantly expand its terminal network during the next several years as sanctions continue to take their toll on the Russian economy.
13 Jul 2015
Gateway Distriparks Ltd., India’s leading port-based logistics provider, has received government approvals for the construction of a new inland container depot facility at Viramgam, near Ahmedabad in Gujarat State, allowing hinterland shippers improved rail access to the country’s western gateway ports.
02 Jul 2015
Shippers tapping containerized rail services between the Port of Antwerp and Duisburg are poised to see greater reliability and experience less congestion at the North European seaport after the former joined forces with duisport, Europe’s largest inland port.
02 Jul 2015
India’s transportation infrastructure upgrade program got another push with the World Bank approving the release of $650 million, the third tranche of a long–term program to help build up New Delhi’s much-delayed, eastern, dedicated freight corridor project.
15 Jun 2015
The creation of a containerized rail operator by the Eurasian Customs Union is aimed at capitalizing on growing volume moving between Europe and Asia.
08 Jun 2015
Far East ports, such Vladivostok and Khabarovsk, will drive Russian container volume growth, as trade between Russia and China grows through greater economic cooperation, according to new government forecast out of Moscow.
29 May 2015
State-owned rail operator Container Corporation of India reported an 11.5 percent increase in consolidated net earnings in fiscal year 2014-15, which ended March 31, on the back of strong volume gains from its core international freight hauling activity.
29 May 2015
Reports from New Delhi said train operations were returning to normal Friday following the end of week-long protests by ethnic Gujjars in the state of Rajasthan.