China's logistics service providers delivered RMB 105.3 trillion worth of goods during the past five months, up by 7.1 percent year-on-year, according to a report by the China Federation of Logistics & Purchasing, released on Thursday.
The domestic logistics sector saw rises in the total market value, revenue, and operational efficiency during this period.
Demand on the part of industrial products was on a steady rise, higher by 0.2 percentage point year-on-year by transport value. In particular, more than 12 percent and 9.3 percent of high-tech products and equipment were transported year-on-year respectively.
Import logistics saw a mild year-on-year gain of 5.1 percent while individual and institutional customers collectively contributed a robust growth of 27.5 percent in transport value.
In May, E-commerce logistics enjoyed an impressive 35 percent expansion both in total transport value and in the rural segment of their services.
The rising demand from January to May was generating more revenues for logistics service providers, which grew by 8.7 percent year-on-year to RMB 3.7 trillion, 0.3 percentage point higher than the first four months.
Operational efficiency was improving too. The unit logistics cost was down by two percent year-on-year to RMB 4.67 for every RMB 100 of logistics value, despite the higher total costs of RMB 4.9 trillion, which grew by 7.5 percent year-on-year, 1.9 percentage point lower year-on-year.
The inventory carry rate was on a three-month rise, going up by 0.6 percentage point to 52 percent in May.
In the past five months, storage costs grew slower, down by 0.2 percentage point versus the first four months and 0.9 percentage point versus the first quarter.
This robustness is expected to last. The new orders index for the logistics sector had struck rises for four consecutive months, signifying steady businesses in the future.
The domestic logistics sector saw rises in the total market value, revenue, and operational efficiency during this period.
Demand on the part of industrial products was on a steady rise, higher by 0.2 percentage point year-on-year by transport value. In particular, more than 12 percent and 9.3 percent of high-tech products and equipment were transported year-on-year respectively.
Import logistics saw a mild year-on-year gain of 5.1 percent while individual and institutional customers collectively contributed a robust growth of 27.5 percent in transport value.
In May, E-commerce logistics enjoyed an impressive 35 percent expansion both in total transport value and in the rural segment of their services.
The rising demand from January to May was generating more revenues for logistics service providers, which grew by 8.7 percent year-on-year to RMB 3.7 trillion, 0.3 percentage point higher than the first four months.
Operational efficiency was improving too. The unit logistics cost was down by two percent year-on-year to RMB 4.67 for every RMB 100 of logistics value, despite the higher total costs of RMB 4.9 trillion, which grew by 7.5 percent year-on-year, 1.9 percentage point lower year-on-year.
The inventory carry rate was on a three-month rise, going up by 0.6 percentage point to 52 percent in May.
In the past five months, storage costs grew slower, down by 0.2 percentage point versus the first four months and 0.9 percentage point versus the first quarter.
This robustness is expected to last. The new orders index for the logistics sector had struck rises for four consecutive months, signifying steady businesses in the future.
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