New Trans-Siberian rail to link Japan with Russia, China, South Korea
Japan is testing a new freight route which will connect the country to Russia, China and South Korea via ferry and rail.
The rail freight route will cut transit times between Japan and Russia and lower costs by up to 40 %, according to RT News in Moscow.
The project will focus on creating a new transportation corridor, by extending a ferry service to the Chinese province of Jilin that also calls at Vladivostok, Donghae in South Korea and Sakaiminato in Japan.
New shipping blockchain consortium launched
A new shipping blockchain consortium has been formed which includes Yang Ming, CargoSmart, CMA CGM, COSCO SHIPPING Lines Co., Ltd (COSCO), Evergreen Marine Corp, Orient Overseas Container Line (OOCL) and terminal operators DP World, Hutchison Ports, PSA International Pte Ltd and Shanghai International Port Group also participated in the project.
The aim of the new platform is to build an ecosystem for the shipping community, connecting all stakeholders including ocean carriers, terminal operators, customs authorities, shippers and logistics providers order to develop collaborative innovation and digital transformation in the supply chain.
US trucking shipments rise in September
Trucking shipments in the US rose in September after a dip in August, posting 1.1% growth for the month and 8.2% year-on-year, according to the Cass Freight Index.
Freight spending grew 2.5% from August and 19.3% more than September 2017, according to the Cass report.
“Despite all the recent turmoil in the financial markets and the resulting concerns about the strength of the economy… the Cass Freight Shipments Index is clearly signaling that the U.S. economy, at least for now, continues to be extraordinarily strong,” according to the report.