China to Resume and Increase Coal Transporting Rail Capacity for 2013

Bloomberg reported that China plans to boost its coal transporting rail capacity by an additional 18 percent this year.

As quoted in the market report:

The world’s top producer and consumer of coal will commission 2,950 kilometers (1,833 miles) of such rail lines after startup delays in 2012, caused by funding pullback following a fatal high-speed train crash in 2011, Bernstein said in an e-mailed note today. The broker had forecast 2,498 kilometers, according to the report.

To view the full Bloomberg report, click here.