On an aggregate basis, freight rates for shipping chemical liquid bulk loads throughout Europe have decreased slightly between 2011 and 2012, according to a benchmark study conducted by LHC Consulting, a CLX Logistics company.
United Parcel Service announced that it would withdraw its $6.9bn takeover offer for TNT Express, a Dutch shipping company, after European antitrust authorities told U.P.S. that they would block the deal.
Sinergy Cargo, the Italian member of the FPS network of independent freight forwarders and consolidators, has opened a multimodal container, bulk cargo handling and storage center near the Port of Genoa.
IATA's latest Airline Industry Forecast predicts average international freight growth of three percent per year over the next five years. That would mean volumes will total 34.5 million tonnes by 2016, 4.8 million tonnes more than the 2011 total.
The DHL Global Connectedness Index, a comprehensive analysis of the state of globalization around the world, concludes that the world is less globally connected today than it was in 2007. The report, drawing on over one million data points from 2005 to 2011, documents how global connectedness, measured by international flows of trade, capital, information and people, grew robustly from the report's baseline year of 2005 to 2007, and then dropped sharply at the onset of the financial crisis. Despite modest gains since 2009, global connectedness has yet to recapture its pre-crisis peak.