K+N’s Asia Rail Expansion Brings Unwelcome Competition for Ocean Carriers — Panjiva
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K+N’s Asia Rail Expansion Brings Unwelcome Competition for Ocean Carriers

China 3048 Mode - Containerized 1524 Mode - Rail 120 Mode - Seaborne 1845 Russia 133 Theme - Rates 239

K+N’s extended “Eurasia Express” rail service includes pickups in northern China and across southeast Asia via Russia and then on to Europe. Rail connections are a key part of China’s belt-and-road trade strategy, with Ceva having launched services in June to Europe as well. Panjiva data shows China’s rail-borne exports have grown 51.8% on a year earlier in the three months to August 31. Russia is the largest destination by value, reaching a new record of $567 million in the month of August. Rail can take half the time of seaborne freight, and provides additional unwelcome competition fo...

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