Chinese Proverb China Is The Sea Into Which River Flows China Creates a Bright Future For Freight Forwarding

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China Creates a Bright Future For Freight Forwarding

Despite the global slowdown, China managed to show impressive growth in its logistics and freight transport infrastructure in 2009, according to the China Logistics Development Report 2010. This is a beacon of hope in the freight forwarding industry, which has recently faced challenging times due to the difficult economic conditions around the world. China in particular has suffered from a decline in demand for Chinese imports in the US, Europe and Japan. However, the long-term outlook for China and international freight looks promising when viewed as part of a long-term trend and given current levels of investment in freight service infrastructure.

The total amount for all logistics activities in China was nearly 90 trillion yuan, more than four times that of 2000, showing growth across the country. Both public and private sector investment in freight infrastructure projects has led to new airports, railway stations, roads, container ports and logistics centers that are setting a new standard around the world and creating an advantage for shipping companies and freight companies.

Examples of steps forward to create a better future for freight forwarding in China include a new intermodal sea-rail service called Coastal Express established by Shanghai Railway Administration, Ningbo Port Group and China Railway Container Transport Corp. The service runs between Ningbo Beilun Port Station and Wenzhou West, runs at a speed of 100 km/h and completes the journey in less than four hours.

Rail is expected to become China’s most high-profile freight mode in the coming years as China embraces high-speed rail. This is now the subject of significant government investment and many shipping companies and carriers are watching developments closely. Beijing’s scheme to build high-speed links across the country will free up existing freight lines and reduce bulk freight forwarding costs.

An example of this is the upgrade of the railway link between Jinhua and Wenzhou, which is expected to be upgraded to a high-speed link with a speed of 200 km/h in the next four years.

Meanwhile, the 189km Jinhua-Wenzhou line is exceeding its original freight projections and is one of China’s most profitable railway joint ventures.

There are also many improvements currently taking place in air cargo transport in China.

FedEx has opened a new domestic transfer center for freight services at Hangzhou Airport, and UPS plans to establish an Asia-Pacific transfer center at Shenzhen Airport. Moreover, the new airport to be established in Kunming will create a major hub for international cargo traffic to Southeast Asia.

However, despite the impressive growth, there are still significant gaps in China’s logistics and international freight transport infrastructure, which the Chinese government is now making a priority given the importance of increasing demand for Chinese imports. These weaknesses include infrastructure that is substandard in some places, insufficient regulation of shipping companies, lack of standardization and inadequate adoption of modern technology to enable streamlined freight services.

Shaken by the global slowdown and its impact on China, Beijing is now focusing on addressing these weaknesses and upgrading the physical infrastructure for international freight transport.

The structural reforms now being implemented are comprehensive and include the reduction of barriers to market access and greater control over the freight market. Another area we are addressing is supporting the development of modern shipowners and carriers that adhere to strict standards of service and performance.

These improvements will be particularly important for areas of China that are most dependent on markets for Chinese imports, such as Shanghai and the Pearl River Delta, which includes China’s second largest port in Shenzhen. Improvements also include items such as a reduction in inter-provincial tolls.

The benefits will also be seen in other areas, such as southwest China, which has also greatly upgraded its transport infrastructure, and northeast China, which has become China’s gateway to Russia, with ports such as Manzhouli benefiting from a resurgence in Russia, the increased demand for Chinese imports and the improvement of relations between the two countries.

Although the economic climate has been difficult due to the global slowdown, China continues to invest in its freight service infrastructure, which bodes well for the future.

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