Tuesday, August 4, 2009

Slight Increase in Chinese Rail Freight

Claimed as sign of economic improvement
Shipping News Feature

BEIJING - Chinese rail freight volumes increased by 0.3 percent in July from a year earlier, according to a report in the People's Daily on Tuesday. The paper states the claim is from the Chinese Ministry of Railways and is the first rise in traffic since November.

Total rail cargo reached 284.56 million tons in July, an increase of 850,000 tons from the same month last year and up 11.01 million tons from June.

The report said that the growth mainly reflected increased shipments of metal, coal and construction materials, and that the recovery in rail shipments provided fresh evidence that the economy was once again picking up.