Kasper Krog, Head of Intercontinental Rail at AP Moller-Maersk, said that Izmit benefited from a strategic location, as well as a range of industries and improvements which have been made to Turkey’s rail infrastructure.
Air freight issues
In a recent IOE&IT webinar IOE&IT director of stakeholder engagement Kevin Shakespeare noted the growing appeal of train freight against a drop in air freight capacity and rise in its prices.
“High demand for time-sensitive imported goods to cope with the virus, have kept air prices high,” he said.
“In normal times, over half of the world’s air cargo travels by passenger jet, but with widespread cancellations of flights from China and Europe, this has resulted in a large drop in capacity,” Mr Shakespeare added.
He quoted figures from the authoritative TAC Index that the cost of air freight from Shanghai to Europe had risen to an index record of $8.93 per kg, up from $2.32 per kg at the beginning of March.