International Logistics
No.1 Central Europe Freight Rates Surge Nearly 20%
As of May, freight rates for Central Europe trains have seen a significant increase of 10%-20%. The price hikes are mainly attributed to rising sea freight costs, which themselves have been influenced by the Red Sea crisis.
No.2 China Supports Nigeria in Building Lekki Port Logistics Industrial Park
As a landmark project of China's Belt and Road Initiative in Nigeria, construction of Phase II of the Lekki Port logistics industrial park commenced on Friday. The Lekki Deep Sea Port, built by China Harbor Engineering Company Ltd., is Nigeria's largest port and one of West Africa's largest.
No.3 Attention! Severe Congestion at Major Global Ports
Recent congestion and delays at multiple global ports have been exacerbated by the Red Sea crisis, ship rerouting, and adverse European weather conditions. Ports in Asia and the Mediterranean, such as Singapore and Barcelona, are experiencing significant operational challenges.
No.4 Xiamen Port Launches First "Tri-Modal" Sea-Air Intermodal Express
On May 24th, under Xiamen Customs supervision, the vessel "Rui Long" departed from Xiamen Haitian Terminal carrying 86 containers of e-commerce goods bound for Taipei, Taiwan, via Taoyuan Airport, marking the launch of Xiamen Port's first sea-air intermodal express line.
No.5 First Yu-Lu "Zheng Ri-Han" Rail-Sea Express Line Begins Operations
On May 21st, the first Yu-Lu "Zheng Ri-Han" rail-sea express train departed from Zhengzhou Bureau's Putian Station, transporting over 1,000 tons of goods such as aluminum foil and steel furniture to Qingdao Port in Shandong Province, and then onward by sea to Japan and South Korea.
No.6 Major Listed Airlines Release April Operating Data
On May 21st, six major listed airlines released their main operational data for April 2024. Combined, they handled 397,100 tons of cargo and mail, a 3.9% decrease from the previous month. This included domestic and international cargo volumes.
No.7 $240 Million! Dubai's DP World and Saudi Ports Authority to Build Logistics Park
DP World Dubai and the Saudi Ports Authority have begun construction of a new $240 million logistics park at Jeddah Islamic Port. This facility will offer state-of-the-art warehousing and distribution facilities, supporting trade in Saudi Arabia and beyond.
Market Insights
No.8 U.S. E-commerce Market Maintains Growth in First Four Months
According to Adobe Analytics, the U.S. e-commerce market grew by 7% year-over-year to reach $331.6 billion in sales in the first four months of the year. Sales in electronics and apparel categories slightly declined, while groceries saw a 15.7% increase.
No.9 Poland's Q1 Sales of Cars, Motorcycles, and Parts Increase by 18.7%
In Poland, sales of automotive products and parts on e-commerce platforms showed steady growth. The Central Statistical Office (GUS) reported an 18.7% year-over-year increase in sales for cars, motorcycles, and parts in the first quarter of 2024.