Forwarders eyeing higher costs as China cuts subsidies for rail freight

Europe-bound Chinese rail freight is expected to become a whole lot more expensive as Beijing looks to address multiple looming economic crises.

Having spent years subsidising its rail freight network, with the intent of entrenching it as a legitimate alternative to the more dominant air and ocean cargo services, China's government is reputedly lining up a faster-than-expected subsidy reduction.

One forwarder with operations across China and Europe told The Loadstar they were working with a presumption ...