China-Europe freight route a 'crucial lifeline'

By Luo Wangshu | chinadaily.com.cn | Updated: 2024-06-01 20:54
Share
Share - WeChat
The high-profile freight train service between China and Europe, supported by the Belt and Road Initiative, has recently achieved another significant milestone by completing its 90,000th journey as of May 25. [Photo/Xinhua]

Another milestone

The freight train service has recently achieved another significant milestone by completing its 90,000th journey as of May 25, underscoring its crucial role in stabilizing global supply chains and driving economic development along the route.

Began in 2011, the China-Europe freight train service has transported over 8.7 million containers with goods valued at more than $380 billion between China and Europe, according to the company.

The remarkable growth in the number of services reflects strong market demand. This mode of transportation is more cost-effective than air travel and more reliable than sea transport, serving as a strategic and alternative option for international freight.

The annual number of services has surged from a few dozen at the beginning to over 17,000 last year. The growth has become more prominent since 2016.

Between 2016 and 2023, the annual number of China-Europe freight trains increased from 1,702 to over 17,000, representing nearly a tenfold growth with an average annual growth rate of 39.5 percent.

So far, the network of the China-Europe freight train has reached to 223 cities in 25 European countries, connecting more than 100 cities in Asia.

|<< Previous 1 2 3 4 5 6   
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US