Europe Logistics Market Update (April 2024)

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Ocean and Key Ports Update

The tragic accident involving a container vessel and the Francis Scott Key Bridge in Baltimore at the end of March continues to have an impact on logistics services to and from the east coast of America.

1. In the north of Europe, the situation across hubs and gateway terminals is stabilizing
2. In Finland, strike action across terminals has meant cargo operations have stopped altogether, causing a ripple effect on schedules.
3. Likewise in Rotterdam, an increased number of port calls combined with the number of longstanding units is expected to result in an increased yard density.

Air Freight Update

The global air freight market has enjoyed a fruitful start to the year, despite the early months traditionally being a slower period for the industry.

Inland Update

In a continuous effort to make Europe the first climate-neutral continent, projects to ensure climate protection are gaining traction across the continent. In Germany, the four billion euro German infrastructure program “Small and Medium Measures” for the rail network is making progress and should see the elimination of bottlenecks and increased network resilience.

Other projects include new track connections and the expansion of the network for long freight trains, creating more opportunities for businesses across the country.

Elsewhere, the tragic accident involving a container vessel and the Francis Scott Key Bridge in Baltimore at the end of March continues to have an impact on logistics services to and from the East Coast of America, highlighting the need for inland solutions in the face of disruption

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