China raises rail rate 7.2pc to US$0.15 per tonne kilometre

CHINA has raised its unified national rail freight price 7.28 per cent to CNY1.031 (US$0.15) per tonne kilometre, according to a bulletin issued by the National Development and Reform Commission (NDRC) and Ministry of Railways (MoR), reports Logistics Week.
According to the bulletin, the unified national rail freight price per tonne kilometre was raised CNY0.07 from the average CNY0.961 up to CNY1.031, and the goods operation price also increased CNY0.07 from the average CNY0.631 per tonne kilometre to CNY0.701. The railway construction fee remained unchanged at CNY3.30 per tonne kilometre.
The price hike will restore railway cargo transport companies` dropping rates, helping them towards profitability.
Analysts believe that the price hike will have a positive impact for related companies and boost the Producer Price Index (PPI) in the future. It will meanwhile increase coal enterprises` transportation costs.