Transcontainer has dominated the Asia Pacific-to-Russia rail cargo route for the past several years, but a new logistics provider could inject competitive forces into this transport segment.
Sponsored: Johannes Nanninga, CEO of Guangzhou Port (Europe) BV, on trends in China, including growth of imports and manufacturing moving farther inland and west.
The China-Europe rail route is gaining in popularity among shippers, but even with its rapid growth, the weekly capacity overland is just 2 percent of that offered by ocean.
The effects of a weak start to the year for Kerry Logistics were reversed by a strong second quarter and the Hong Kong-based company is expecting a positive full-year result.
The growing popularity of shipping containers by rail from China to Europe is leading to delays as increasing cargo volume begins to overpower European terminals.