China's rail freight transport on the rise
BEIJING - China's rail freight transport volume, an indicator of broad economic activity, rose 3.9 percent year-on-year in May, a sign of recovery from the COVID-19 shock after continuous efforts to contain the epidemic.
The country's State-operated railways carried 299 million tons of freight last month, increasing 11.15 million tons from a year ago, according to data from China State Railway Group Co Ltd.
During the January-May period, the railways transported a total of 1.39 billion tons of cargo, an increase of 2.7 percent from the same period last year.
State-operated railways handle the majority of the country's rail freight transport. Apart from State-operated railways, China also has rail lines operated by local governments and enterprises.
The continuous growth of railway cargo transport, whose operation has been at a high level, reveals the sound momentum of the resumption of China's economic and social development order, said an official with the company.
- Cargo carriers urged to spearhead mega multimodal logistics grid
- Cross-border parcels from China's Yiwu increase by over 860% in April
- World trade likely to continue as normal after pandemic ends
- China-Europe railway helping continent beat contagion
- China-Europe freight trains pick up steam amid pandemic
