Intermodal traffic in the US is going from bad to worse, as the economy struggles to recover from the Covid-19 pandemic. April volumes hit levels not seen since the start of regular statistics, and May started off with further decline.
The chair of Taiwan International Ports Corporation recently told Asia Cargo News that the Port of Kaohsiung is being transformed into a hub for intercontinental container shipping, a centre of smart logistics, and a destination for cruise passengers and tourism.
As countries in the Asia Pacific region are reconsidering future trade patterns and procedures, some believe the resulting shakeup could prove to be a boon to ASEAN nations.