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China-Russia trade and the regional economy in Northeast China will be further boosted with the opening of a new transshipment port for cross-border transportation of domestic trade in Vladivostok in Russia’s Far East, which takes effect on Thursday, amid the growing need for regional economic development.
Traders and industry representatives said China-Europe freight train services will experience some manageable disruptions given its booming demand and mature service and facilities, in response to recent speculation about the possible abolition of government subsidies for cross-border cargo trains next year. While freight train services have been through unprecedented challenges, they have continued breaking records .
Traders and industry representatives said China-Europe freight train services will experience some manageable disruptions given its booming demand and mature service and facilities, in response to recent speculation about the possible abolition of government subsidies for cross-border cargo trains next year.
As the US continues to grapple with port congestion and other logistics woes ahead of the holiday shopping season, many traders have resorted to what is usually the last shipping option – air cargo. But even the more costly option is now facing a serious capacity shortfall, extended waiting time and surging prices, due to high demand, traders and industry insiders said on Monday.