In 2024, China's railway passenger and freight volume will reach a historic high

2025-01-17

On January 16th, the National Railway Administration announced that from January to December 2024, the volume of railway passenger and freight transportation in China has steadily increased, both reaching new historical highs for the same period, effectively meeting the travel and logistics service needs of the people. The passenger volume exceeded 4.3 billion for the first time. In terms of passenger transportation, from January to December 2024, the national railway passenger volume reached 4.312 billion, a year-on-year increase of 11.9%, and the annual passenger volume exceeded the 4.3 billion mark for the first time. Among them, the passenger volume of high-speed trains was 3.272 billion, accounting for 75.9% of the national railway passenger volume, a year-on-year increase of 12.9%; The passenger turnover reached 1.57991 trillion person kilometers, a year-on-year increase of 7.3%. Among them, the passenger turnover of high-speed trains was 1084.549 billion person kilometers, a year-on-year increase of 10.3%. In December, the national railway passenger volume reached 297 million, a year-on-year increase of 2.6%; The passenger turnover reached 95.849 billion person kilometers, which remained basically unchanged year-on-year. The relevant person in charge of China Railway Group stated that in 2024, China Railway Group will optimize the structure of high-speed train operation, increase the number of trains operating between major cities, expand the scope of operation of the Fuxing intelligent high-speed train, and for the first time use the Fuxing high-speed train for moving and sleeping. The daily passenger volume of the national railway will reach a historical high of 21.448 million people; The number of passengers sent during the Spring Festival travel rush, summer transportation, and holidays has repeatedly broken historical records. The market operation rights of some tourist trains will be publicly solicited, and the action of increasing the number of silver haired tourist trains to promote service consumption will be implemented. 1860 tourist trains will be operated throughout the year, a year-on-year increase of 20%. In terms of developing full process logistics and freight transportation with railways as the backbone, from January to December, the national railway freight volume was 5.175 billion tons, a year-on-year increase of 2.8%; The freight turnover is 3586.19 billion ton kilometers. Among them, the national railway freight volume was 3.985 billion tons, a year-on-year increase of 1.9%; The national railway freight turnover is 3258.063 billion ton kilometers. In December, the national railway freight volume was 459 million tons, a year-on-year increase of 5.4%; The freight turnover was 325.903 billion ton kilometers, a year-on-year increase of 3.3%. Among them, the national railway freight volume was 354 million tons, a year-on-year increase of 3.8%; The freight turnover was 299.228 billion ton kilometers, a year-on-year increase of 5.9%. The relevant person in charge of China Railway Group stated that in 2024, China Railway Group will vigorously develop "total to total" marketing and logistics general contracting, with a total signed logistics total contracting volume of 540 million tons, effectively promoting the "revolving railway" transportation. Developed and launched the China Railway Network Freight Platform, vigorously developing full process logistics with railways as the backbone, and attracting 122000 vehicles from the public to settle in. Build a fast logistics product system, innovate multimodal transport modes, and expand the operation of freight trains across railway bureau groups. Innovative railway logistics financial services have helped 645 customers obtain a total credit financing of 17.5 billion yuan, of which more than 80% are small and micro enterprises. According to statistics, from January to December 2024, the national railway fixed assets investment has totaled 850.6 billion yuan, an increase of 11.3% year on year. 3113.4 kilometers of new railway lines, 2687.2 kilometers of double track railways, and 3935.8 kilometers of electrified railways have been put into operation. The construction of modern railway infrastructure system continues to advance. The relevant person in charge of China Railway Group stated that in 2025, China Railway Group will increase investment in railway construction, strengthen railway planning and design, and quality and safety management, making due contributions to promoting sustained economic recovery and improvement. (New Society)

Edit:Yao jue    Responsible editor:Xie Tunan

Source:China Securities Journal

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