Demand for shipments from China via rail through Russia has 'skyrocketed' since the Red Sea attacks
Publishing timestamp: 2024-02-01 01:13:56
Summary
The article discusses the high demand for rail transportation from China to Europe as an alternative to disrupted ocean routes caused by attacks on the Red Sea. Freight forwarders and consolidators have reported an increase in enquiries and bookings for rail routes. Rail transportation is attractive to shippers due to its lower cost and quicker transit time compared to air freight and ocean transportation. Some concerns have been raised about using the rail route through Russia, but the demand for rail transportation has increased since the Red Sea attacks. The Lunar New Year is also expected to stimulate demand. The article mentions the "middle corridor" rail route through Kazakhstan as another alternative. The disruption in the Red Sea is expected to continue for months, causing potential trade disruptions. In the longer term, the crisis could favor exports out of the United States.
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Keywords: railway construction, hapag lloyd ag, transportation, foreign policy, red sea, business news, breaking news: business, russia, china, shipping, global trade, railroad,