As reported by Sea-Intelligence, the number of canceled trains has increased sharply on the trans-Pacific service, but not so much on the Eurasian route.
Sea Intelligence, with the help of the Canceled Ships Tracker, looked at how carriers responded to a drop in demand, especially for imports into North America and Europe, based on an analysis of the number of train cancellations.
The figure below shows the number of additional canceled trains that were reported (or unannounced trains recorded by Sea-Intelligence) between week 42 and week 52.
As reported by Sea-Intelligence, the number of empty trains has increased sharply on the trans-Pacific service, but not by much in Asia-Europe.
An additional 34 trains have been canceled on the Asia-West Coast North America service and 16 on the Asia-East Coast North America service.
However, during weeks 51 and 52, the schedule plans of carriers on the Asia-West Coast North America service will no longer see service cancellations.
"This reflects carrier reluctance about how to approach the potential rush ahead of the Lunar New Year. It seems like a wait-and-see approach to see if there's a seasonal spike in demand. " Alab Murphy, CEO of Sea-Intelligence, commented.
In Asia-Europe, on the other hand, there is no similar trend, with Asia-Nordic with only 6 more train cancellations and Asia-Mediterranean with 4 more train cancellations.
On the afternoon of October 1, at the meeting on the socio-economic situation in the first 9 months of 2024, the Department of Planning and Investment of Ho Chi Minh City said that many economic indicators have grown steadily. Notably, export turnover is on a recovery trend and has grown.
In the first eight months of 2024, Vietnam earned nearly VND 4 trillion from tea exports, surpassing the total export revenue of last year.
Australia has made another stride in its agriculture sector by announcing an agreement to export plums to Vietnam in the near future, in addition to the current exports of peaches and nectarines. This project is part of a two-way agricultural market access agreement aimed at providing Australian plums to Vietnam and Vietnamese passion fruit to Australia.
On November 14, 2024, the forum "Da Nang Free Trade Zone – A New Driving Force for the Development of the City’s Logistics Industry" successfully took place, attracting dozens of domestic and international enterprises.
On the morning of November 2, 2024, in response to an invitation from the Board of Directors of FPT University Can Tho, Glotrans HCM joined the 2024 Job Fair and Enterprise Connection Day to network with the university’s leaders and interact with the attending students.
On October 29, according to information from the Vietnam Trade Office in the Philippines (Ministry of Industry and Trade), total bilateral trade between Vietnam and the Philippines reached nearly USD 6.5 billion in the first nine months of 2024, marking an increase of over 20% compared to the same period last year.**
