Companies

China’s leading express firms see growth in operating revenues in May

en.silkroad.news.cn
2018-06-22 11:37

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China’s leading express firms saw continuous growth in operating revenues in May.

Statistics showed that by June 20, YT Express, STO Express, Yunda Holding and S.F. Holding saw their delivery product revenues register year-on-year increases of 23.67 percent, 16.66 percent, 30.00 percent, 28.46 percent respectively.

According to YT Express, the robust growth showed that the company has get rid of the weakness in 2017. Its strategic partnership with Alibaba has taken on synergistic effect gradually.

Yunda Holding attributed the growth to the lasting prosperity of e-commerce economy and the upgrading in service level.

In 2017, SF Express witnessed its operating revenues in heavy cargo delivery, cold chain logistics, international express and intra-city express grew 79.93 percent, 59.70 percent, 43.70 percent and 363.18 percent respectively.

A report released by the State Post Bureau showed that delivery market saw about 135 million parcels delivered on a daily basis in May, up 10 million from that in April.
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