The Chinese government will begin to support the China-Russia/European cross-border freight rail transport "Central Rail Express (CRExpress)". The program is designed to help shippers pay for war insurance, which provides compensation for damage caused by fighting at the shipper's expense, by an operator under the local government. There is a move to reduce freight rates by about 20% in some areas. Although war insurance is not mandatory, the operators are aiming to promote the use of CRExpress as a freight sourcing by reducing the burden and concerns of shippers. The Central Europe Hantai route, which connects China and Hungary via Ukraine, has been changed to a route that bypasses areas where heavy fighting continues.
top of page
Search
Recent Posts
See AllOcean freight rates increased via the West Coast of North America (+0.1% week-on-week). Freight rates via the East Coast of North America (-3.1%), South Korea (-5%), and Europe (-1.1%) decreased.
According to the January airport operations report released by Narita International Airport (NAA), the number of cargo flights to and from the airport totaled 2,500 (-39% y/y). The decrease was due to
The ranking of forwarders of international airfreight cargo volume from Japan for January 2023 has been revealed: No. 1 was Nippon Express with 13,272 tons (-33.7% y/y), No. 2 was Kintetsu Express wit
bottom of page