First Quarter Freight Volume Up 6.3% Year-on-Year

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Official data indicates that China’s freight volumes posted significant growth in the first quarter of 2018.

Data from the Chinese Ministry of Transport indicates that the Q1 operational freight volume was 10.22 billion tons, for a gain of 6.3% compared to the same period in 2017.

The first quarter also saw a reduction in logistics costs of 18.305 billion yuan, while the total distributed capacity of freight forwarder pilot enterprises was in excess of 500,000 units, and the intermodal container railway-river combined transportation volume posted a year-on-year rise of around 30%.

The data indicates that rail freight growth is accelerating, with 980 million tons delivered for a YoY gain of 7.7%.

Road freight growth remains rapid, with 7.74 billion tons delivered for a YoY rise of 7.5%.

Water freight saw the delivery of 1.5 billion tons, roughly on par with the same period last year, while civil aviation saw the delivery of 1.71 million tonnes, for a YoY rise of 8.3%.

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