China-Europe rail freight volumes up 11% YoY in first seven months of 2024

21.08.2024

Figures show over 1,700 freight trains have been in operation monthly for three months in a row.

In the first seven months of this year, the China-Europe Railway Express operated a total of 11,403 trains, transporting nearly 1.23 million TEUs (twenty-foot equivalent units) of goods, representing year-on-year increases of 12 percent and 11 percent, respectively.

The data, released by the China State Railway Group Co., Ltd. on Saturday, shows that in July alone, 1,776 trains carried 185,000 TEUs of goods, marking the third consecutive month with over 1,700 trains in operation.

Since the start of this year, the company says it has been focused on enhancing the quality and efficiency of the China-Europe Railway Express services to maintain the stability and continuity of the international supply and industrial chains.

To achieve this, various measures have been implemented, including the strengthening of transportation channels, the improvement of transshipment capacities at border ports, and the promotion of a rapid customs clearance model.

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11.12.2020
Report
11.12.2020
EU-China Trade and Investment Relations in Challenging Times
Trade continues to be the least problematic aspect of the EU-China economic relationship. The BRI offers potential trade gains for Europe by improving physical connectivity with countries along the route to China, but it also poses challenges for the EU. While Chinese investment in Europe is growing and has focused strongly on technology, it raises the question of whether the EU should fear losing its technological edge, especially when Chinese state-owned companies might distort competition through foreign acquisitions.
Source: European Parliament