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.
BY OLE ANDERSEN
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.
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