The road logistics price index in China witnessed a year-on-year increase of 0.44 percent in November, according to industry data.
The index, which stood at 103.8 last month, was determined through a collaborative survey conducted by the China Federation of Logistics and Purchasing and the Guangdong Lin’an Logistics Group.
Notably, the sub-index for full-truckload logistics, primarily focused on bulk commodity and regional transportation, exhibited a more substantial growth of 0.97 percent compared to the same period last year, reaching 103.9.
The survey indicated that demand within the logistics sector remained relatively stable throughout November. While manufacturing production demand experienced a slight dip, the e-commerce segment witnessed a surge in demand in specific regions.
The road logistics price index in China has experienced fluctuations since the onset of the third quarter. These fluctuations have been influenced by various factors, including market dynamics and transportation costs. The survey’s analysis suggests that these fluctuations are expected to ease as the market gradually stabilizes.
The resilience and adaptability of China’s logistics sector are key factors contributing to its ability to navigate challenges and maintain stability. The industry’s performance is closely monitored, and stakeholders continue to assess trends and developments for the benefit of both the sector and the broader economy.
