China Rail achieves record-breaking billion tonnes of rail freight in Q3
China’s drive to get more volumes onto rail tracks continues to pay dividends, with China ...
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
The China-Europe rail connections are seeing a surge in eastbound volumes, with rail traffic from Europe into Chongqing exceeding westbound traffic in 2018. Rail Freight claims this is the first time eastbound volumes have usurped westbound in recent history. Total volume-growth between the Chinese city and Europe exceeded 100%, coming in at 117% growth year-on-year. While Chongqing has been the first to report its numbers, there is some optimism that a similar story may be repeated in other Chinese rail freight gateways as the country looks to address the traditional trade imbalance, which has led to costly empty return journeys.
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