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As rail freight rates rise, over-the-road trucking becomes a hard life made harder
Few have been paying attention to rail rates, but their downward trending is expected to make the already hard life of the long-haul North American trucker even harder as long as tariff walls loom over China.
Ten years ago, 20 per cent of imports to the US came from China against eight per cent from the rest of Asia. Today, it's 14 per cent from China and 11 per cent from the rest of Asia.
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In today's tariff-ridden shipping world, can relief be found in the southern hemisphere?
Finding what good there is to be found in ill winds that blow is the task all must face themselves to survive this year and the next.
If there were a single view distilled from all sources, it is that new customers are likely to be found in emerging markets - mostly in Africa and Latin America.
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Expert: Volatility and uncertainty is the only certainty in international shipping today
It is no comfort for shippers to learn that the terrain of international shipping today is like a mountain range in the fog - only to discover at the next glance that it is worse than that - more like ocean waves in a mist.
Invited to survey today's situation one was more in need of seamanship than mountaineering skills, as London's Port Technology International discovered when it sat down with shipping veteran Michael Starr, vice president of growth and expansion at digital London forwarder Zencargo.
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Trump mission: Making the US the hub of exports rather than imports it is today
Long-time meccas for tourists, San Francisco, Chicago and New York are now awash with homeless drug addicts lounging and lurching about in the open air, occasionally lunging at passersby.
In the face of this, and many other signs of urban decay, US President Donald Trump decided to fix what was wrong. That is restore US manufacturing, once the envy of the world.
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Mediterranean & Africa
Trade Specialists |
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