The project, expected to drive further investment at Europe’s second-busiest port, is the largest investment in Europe’s chemical industry in more than 20 years.
The lack of sustained underlying freight demand is keeping contract truckload rates close to flat, analysts and shippers say, despite a late-year seasonal gain in spot rates.
With the threat of a US port strike averted, the transition to new global service networks will not be accompanied by widespread disruption, the analyst believes.
