Freight News Update

16 Jan 2015: Forwarders hit by Oil & Gas downturn

Exploration firms shelve projects and active rigs down more than 25% over last month in some regions, reports logistics specialist BDP International.

The heavy fall in oil prices, which has triggered a sharp reduction in activity in the Oil & Gas sector, is starting to have a knock-on effect on forwarders' businesses, with the ripple effect of these shutdowns "yet to be fully digested"... <more>



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