Development Strategic Research Of Chinese Railway Container Transportation

Container transportation is the developing trend of rail-cargo. It has significant meaning for facile flow of cargo to decrease the comprehensive logistics cost in whole society and increase the efficiency and effectiveness of domestic and international Supply Chains.It has becomes a trend that international economic integrates and china changes into a world manufacturing factory. Chinese economy has a potential demand for rail container transportation, but there is a huge gap between the demand and the backward development. The freight volume of railway container transportation was 2.7 million TEU in 2005, which only was 2.7% of the total volume of rail cargo, 1. 64% of total cargo throughput in Chinese ports. Compared with this industry abroad and other domestic transportation ways, the rail cargo develops slowly and appears a large deference. It has not its own superiority and cannot adapt to the rapid development of railway, the need of modern logistics and the progress of WTO rules.On the basis of referring to the present situation of domestic and overseas rail container transportation, this dissertation points out the problems existing in china' s rail container transportation, analyzes the reasons of backward development, and puts forward the development strategies after studying systematically from the aspects of network planning, technological equipment, station construction, resource allocation, market operation, policy supporting and reform of investment and finance etc.The main contents and conclusions are as follows:1. development aims: By the year 2010, Chinese railway container traffic volume will reach 10 million TEU. The only way is to purchase large quantity of containers, flatcars, cranes in order to finish fully functional and well-distributed terminals and to set up a successful corridor for high density. The capital demand will reach455 billion, to get which needs to break through present China railway' s investment and financing policy. To perfect the structure of China Railway Container Transport Co., Ltd as a market-oriented company, it should be done to enter the stock market and to own a global network.2. the reasons for backward development: The reasons of lag development include: the supply cannot satisfy the demand by rail. It is always difficult to deliver on time, to get containers, to load in the wagons, to trace the containers. The containers and flatcars are inefficient and the equipments are undeveloped. The terminals are superfluous and small-scale. It is hard to shunt vehicles and organize resources well. Multi model transportation goes forward slowly. Freight forwarders are wild about money.3. proposals for development strategy: The development strategies include: To construct and operate 18 hub stations by joint venture, to organize all kinds of block train, to optimize the structure of cargoes, to promote reform of one-stop handling, to purchase containers and wagons, to rent equipments. 18 hub stations, 40 specialized stations and 100 handling stations will be established and an integrated container block train network will be formed. Tielong Company should complete the joint-stock reform, increase the trains or manufacture trains using the foreign funds, lease equipments and develop new channel of raising funds. Price determining right should be strived for and a market-oriented price system and floating system should be established. An open and clear financial clearing and settlement system should be constructed, so as to assure that all revenue comes from the market, and information technology should be used to achieve better resource allocation and modernized management.4. Proposal for investment and financing policy: the potential market is great for CRCTC to make use of capital market. However possible expansion of financing modes and alternative financing tools is the ways of attracting social funds and the strategies ofinvestment and financing, adopting the policy of introducing multiple investment participants and expanding financing channels through equity financing and debt financing.Equity financing includes: 1, Share exchange financing of China Railway Tielong Container Logistics Co., Ltd. 2, Hub stations financing via Joint Venture, various financing ways of BOT, ABS and TOT. 3, Financing equipments, as well as self-purchasing of containers and flatcars by railway container block train contractors. 4, Debt financing includes: increasing the quota and variety of railway constructive bonds and aiming at becoming a new corporate bonds issuer;enlarging the proportion of direct loan from financial institutions and aiming at having enough repayment ability;keeping the integration of railway network and the highly centered and unified traffic operation;meanwhile acquiring the operating and managing autonomy, mainly in terms of railway traffic capacity guarantee, flexible tariff policy, clarity of tariff liquidation, enough land transferring and tax preferences.