China’s logistics industry demonstrated robust growth in the past year, as revealed by the China Federation of Logistics and Purchasing in its recent data release. The sector’s average prosperity index increased by 3.2 percentage points from 2022, reaching 51.8 percent.
In 2023, express courier companies in China handled a remarkable 132 billion parcels, securing the top position globally for the tenth consecutive year, according to He Liming, the head of the federation.
The railway sector also achieved a historic milestone by handling a record-breaking 3.91 billion tonnes of goods, showcasing the industry’s efficiency and capacity.
The aviation sector contributed significantly, handling 7.35 million tonnes of cargo and mail, a level closely aligned with the performance in 2019.
China’s leading 50 logistics firms collectively generated over 2.3 trillion yuan (approximately 323.77 billion U.S. dollars) in business revenues in 2023, with five of them surpassing the 100-billion-yuan revenue mark.
Furthermore, the smart logistics segment in China experienced steady growth throughout the year. It’s worth noting that the number of online freight transportation platform companies is estimated to have exceeded 3,000, reflecting the industry’s commitment to innovation and digital transformation.