Overview of port operations
In the first week, the heavy rain, snow, and strong winds continue to pose challenges to the smooth operation of the China-Europe freight trains. Under severe cold weather, the customs clearance at Alashankou had been prolonged to 5-12 days, which is twice the time of that compared to two months ago. In addition, there has been an increase in blizzard weather in Poland and Germany, and trains bound for Duisburg and Hamburg may be delayed for 3-5 days after being repackaged from Mala.
As a follow-on effect of the Red Sea disruption, the Europe-bound rail service is now experiencing big fluctuations. Rail companies have rescheduled their plans for January and have raised their booking prices.
Outbound service: Last week, most platforms announced their adjustment in booking prices. With a significant increase in container rental prices and an increase in domestic trucking before Spring Festival. It is expected that the spot freight rates for European-bound service in January will exceed 20% compared with last month. At present, platforms such as Chengdu and Chongqing have a competitive advantage in booking prices, and the spaces of early January are almost fully booked.
Inbound service: The spot freight rates for return trips are relatively stable. The prices of trains returning to Chongqing and Changsha in January remain unchanged
There are abundant services from Xi'an to Central Asia, with sufficient supply in January covering various stations in Almaty, Istanbul, Poti, Tashkent, and Baku.