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Innovation of Express Freight Product for Chinese Railways

Author

Listed:
  • Li Hongchang

    (Department of Economics, School of Economics and Management, Beijing Jiaotong University, Beijing100044, China)

  • Kuang Xujuan

    (Department of Economics and Management, Civil Aviation Management Institute of China, Beijing100102, China)

Abstract

In early 2013, Ministry of Railways (MOR) is dismantled into administrative and business arms. To tackle with economic performance setbacks and huge financial debt, Chinese Railway Group Corporation (CRGC), who is in charge of business operations, determined to make product innovation for express freight so as to provide the market with value-added logistical services and increase its revenue. This paper aims to analyze the necessity and feasibility of developing innovative express product for CRGC. Under the condition of heavy accumulated debt pressure and continuous economic losses, it is imperative for Chinese railway to increase revenue through the introduction of novel express freight services. Based on complete transportation product theory, this paper summarizes the temporal-and-spatial characteristics of modern logistics, analyzes the prospect of supplying express freight services, and applies Express Freight Network Design Model to identify key factors for express freight product supply. In order to improve service quality of express freight product, it is necessary to optimize transportation organization, put forward market-oriented customized products, and improve informationization standard.

Suggested Citation

  • Li Hongchang & Kuang Xujuan, 2015. "Innovation of Express Freight Product for Chinese Railways," Journal of Systems Science and Information, De Gruyter, vol. 3(1), pages 1-13, February.
    • Handle: RePEc:bpj:jossai:v:3:y:2015:i:1:p:1-13:n:1
    DOI: 10.1515/JSSI-2015-0001
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    References listed on IDEAS

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