China-Russia International Road Transport Volume in H1 2024
Data source: Sputnik News Agency
• Russian international road carriers completed over 60,000 truck trips between Russia and China in the first half of 2024, nearly 1.5 times the figure for the same period last year.
• Road cargo volume from China to Russia increased 30% year-on-year. Against the backdrop of growing demand, trucking freight rates from China to central Russia have risen by more than 20% since May, reaching USD 10,000-12,500 per 20-ton load.
Port Container Throughput in H1 2024
Data source: Shanghai Shipping Exchange
• In June 2024, national ports handled 29 million TEU of container throughput, up 6.9% year-on-year. Among them, coastal ports handled 25.59 million TEU, up 8.0% year-on-year; inland river ports handled 3.41 million TEU, a slight decline of 0.3% year-on-year.
• In the first half of 2024, the growth rate of port container throughput accelerated compared to the same period last year.
China-Europe Railway Express in H1 2024
Data source: Xinhua News Agency
• Total Train Trips: As of July 10, 2024, cumulative China-Europe Railway Express trips reached 10,000, 19 days earlier than the previous year in surpassing this milestone.
• Cargo Volume: A cumulative total of 1.083 million TEU of cargo was dispatched, up 11% year-on-year.
• Corridor Volume Growth: In the first half of the year, train trips on the three main transport corridors — the Western corridor (via Alashankou and Horgos ports), the Central corridor (via Erenhot port), and the Eastern corridor (via Manzhouli, Suifenhe, and Tongjiang North ports) — increased by 13%, 20%, and 5% year-on-year respectively. In the first half of the year, 111 China-Europe Railway Express trains were operated on the Southern corridor, a 15-fold increase year-on-year. Starting from July 1, the Trans-Caspian China-Europe Railway Express achieved regular "one train per day" operations.
• From January to February, cumulative China-Europe Railway Express trips reached 2,928, dispatching 317,000 TEU of cargo, up 9% and 10% year-on-year respectively. As of the end of February 2024, China-Europe Railway Express departure cities in China had reached 120, connecting to 219 cities across 25 European countries.
• In the first half of 2024, China-Europe Railway Express (Wuhan) operated a cumulative total of 331 round-trip trains, including 206 outbound departures, with dispatch volume increasing over 60% year-on-year. Heilongjiang Province operated a cumulative total of 91 China-Europe Railway Express trains carrying 9,132 TEU, up 116.7% and 99.4% year-on-year respectively. Suzhou's China-Europe Railway Express operated a cumulative total of 146 trains, with outbound container dispatch volume increasing 13.18% year-on-year.
• In August, the China-Europe Railway Express (Shenyang) Consolidation Center operated a cumulative total of 108 trains dispatching 8,860 TEU of cargo, up 192% year-on-year, setting a new monthly volume record.
Air Freight in H1 2024
Data source: CCTV Finance
• Route Launches: In the first half of 2024, a total of 90 new cargo routes were opened nationwide, including over 70 international cargo routes. Among international routes, there were 39 Asian routes, accounting for more than half; 17 European routes; 15 North American routes; 2 African routes; and 1 Oceania route.
• Transport Turnover: In the first half of the year, total air transport turnover reached 70.3 billion ton-kilometers, up 32.2% year-on-year. Among this, international routes accounted for 23.26 billion ton-kilometers, up
84.1% year-on-year.
• Flight Frequencies: In the first half of 2024, China's international cargo flights exceeded 26,000, an increase of 6% compared to the same period last year. Unscheduled flights also increased, with a total of 3,300 cargo charter flights, up 9% year-on-year and up 850% compared to 2019.