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China-Laos Railway handles over 50 million tons of goods

China

China

China

China-Laos Railway handles over 50 million tons of goods

2025-01-02 20:44 Last Updated At:01-03 16:27

A freight train fully loaded with goods departed from Kunming City of southwest China's Yunnan Province for Laos on Thursday, marking a new milestone for the China-Laos Railway which has transported over 50 million tons of cargo since its launch in 2021, according to China Railway Kunming Bureau Group Co., Ltd.

The railway has transported a total of 11.58 million tons of cross-border cargo.

Since its operation, the railway department has introduced innovative services like the "Lancang-Mekong Express."

The express service utilizes dedicated freight trains capable of reaching speeds of 120 kilometers per hour, a speed much faster than traditional international freight train operations.

Over 1,670 trains featuring this service have been operated to date.

Meanwhile, collaboration among railway, customs, and border check agencies in China and Laos has greatly enhanced the management at the Mohan railway port, cutting clearance time for goods imports by 60 percent and exports by 90 percent.

"We have deeply explored the potential of China-Laos Railway, promoted innovative models such as advance declaration of inbound goods and 'rapid customs clearance for rail service'. We have implemented reforms of 'single document regime' for multimodal transport, and railway waybill financing. By introducing cutting-edge technologies like 5G, Beidou, and AI, we have created a digital and intelligent freight yard, significantly enhancing the efficiency of loading and unloading operations," said Tao Qiang, deputy director of the freight department under China Railway Kunming Bureau Group Co., Ltd.

China-Laos Railway handles over 50 million tons of goods

China-Laos Railway handles over 50 million tons of goods

China-Laos Railway handles over 50 million tons of goods

China-Laos Railway handles over 50 million tons of goods

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Crude futures settle higher

 

Oil prices rose on Thursday.

The West Texas Intermediate for May delivery increased by 11.42 U.S. dollars, or 11.41 percent, to settle at 111.54 dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery went up 7.87 dollars, or 7.78 percent, to settle at 109.03 dollars a barrel on the London ICE Futures Exchange.

Crude futures settle higher

Crude futures settle higher

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