Significantly faster transit time than ocean freight and lower cost than air freight, the rail freight alternative offers an effective solution for shippers to plan and control inventory, thanks to stable scheduling and travelling time.
Since the launch of the Silk Road Initiative, rail freight volume has steadily gone up, increasing 9.1%, compared to volumes in 2018. Figures indicated that a total of 4.02 billion tons have been transported, pushing it to 330 million tons more than last year’s record.
China also set an ambitious target of 50,000 trains every year for China-Europe railways, which would see approximately 2 million TEUs transported by rail freight by 2020.
The rail network from Asia has expanded to 39 lines, serving 12 European countries including London, with ambitious objectives for major route expansion to another 20 European cities, construction works are already in progress.