Dry weather has steadily reduced navigable water levels on Europe’s most important container and chemical transport artery to the point where barge transport has become largely unviable.
Transportation executives and analysts told Inland26 the market is moving away from the abrupt rate increases and capacity disruption that characterized the initial phase of the upcycle, shifting toward a more orderly repricing of truckload freight.
The carrier will establish a new Asia-Pacific regional headquarters in Singapore, with Africa to be managed from Dubai.
