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(Nikkei Asia) — Nippon Express, Japan’s top logistics company, will double the freight trains it operates between China and Europe next year, eager to capture rising customer interest in shifting from air to rail.
The coronavirus pandemic has meant fewer planes in service, leading to a spike in air cargo prices. What used to be a fourfold difference between air cargo and rail cargo prices for a 5-ton shipment has now spiked to tenfold.
This has spurred Japanese and Chinese clients, such as automobile suppliers and precision equipment makers, to give rail cargo a fresh look.
This article first appeared on www.caixinglobal.com
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