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SeaIntel: Railroad stealing market shares from ocean freight

Some forwarding and logistics companies are experiencing growth rates of 100-200 percent in container freight by way of the railroad between Asia and Europe, which is approximately twice as fast as ocean freight, according to a study from SeaIntel.

New and improved railroad connections between Asia and Europe, along with a growing demand among shippers for quicker and cheaper container freight between the two continents, will take market shares away from the carriers over the next 10 years. At least if the predictions among the largest forwarding and logistics companies hold true.

The analyst agency SeaIntel Maritime Analysis has surveyed 10 of the world's largest forwarders, and based on the responses from six of them, container transports by way of railroad from Asia to Europe will grow by about 30 percent annually to approximately 13,000 containers (40 ft.) every week.

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