Outlook 2024: container surplus and China +1 keep affecting transport

Image: Shutterstock. TimSiegert-batcam

The current year has been quite challenging for the transport industry for an array of reasons: geopolitics, inflation and an imbalance between demand and supply all played their part. Container prices have dropped immensely, increasing the competition between large shipping companies but also between them and other transport modes like intercontinental rail. The situation is not set to change in 2024, according to the latest industry report of Container xChange, a platform monitoring global trade and transport.

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Author: Nikos Papatolios

Nikos Papatolios is the Editorial Coordinator of RailFreight.com, the online magazine for rail freight professionals.

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