Freight forwarder DSV has initiated a Spain-to-China rail service, making it the 11th major Europe-to-China operation launched in the past year. The offering takes advantage of a surge in Spanish exports to China which rose 42% on a year earlier in the 12 months to June 30, with rail accounting for just 2% of the total in 4Q 2017. With a time saving vs. sea of 24 days (i.e. twice as fast) the service should be broadly attractive. While the largest seaborne export lines from Spain to China in 2017 were commodities (including copper and zinc) there are still significant containerized freig...