In January – February 2021, 109.3 thousand TEU were transported via Russian railways from China to Europe and back, which is 2.5 times more against the same period of the previous year.
The press service of Rostec State Corporation, Russia, reports their plans to equip railway entry points at the border between Russia and China with customs inspection complexes (CIC) by December 31, 2021, which will allow to check freights automatically without stopping the train.
The massive growth in government spending has resulted in a sharp increase in global debt. Trying to maintain the economy ruined by the coronavirus pandemic, the central banks made an unprecedented cut in interest rates in 2020.
Several cargo ships have lost a large number of containers in recent months in different incidents, reports the Wall Street Journal.
In 2020, the market of transportation and logistics differed greatly from the previous periods. The experience of a logistics operator acting in conditions of economic and political recession gained before was applied only partially last year – the major factor influencing the entire world economy was the COVID-19 pandemic.