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China logistics sector grows steady during Jan.-Nov 2015

Date 02-Jan-2016
Subject China logistics sector grows steady during Jan.-Nov 2015

CHINA :  China's logistics industry continues to develop quickly, according to fresh data.

Yet analysts say that, despite a booming demand for goods transportation, the industry still needs to cut costs to raise its profit margins. Goods delivery in China maintained its expansion during the first 11 months of 2015.

Total goods delivered hit 200 trillion yuan, a near 6% increase. While the industrial goods transport kept its steady growth, consumer products services picked up speed.

Delivery spiked over 10%, reaching 27 trillion yuan.

The logistics industry revenues did not match this rise, however. Total revenues during the same period were around nine trillion yuan, a 4% increase, and grew at the same speed as during the first ten months.

He Hui, Deputy Director of China Logistics Information Center, said, "The delivery fees remain in a subdued situation, mainly dragged by easing demand for commodities.

The logistics industry is still in a position of low profit margin and high costs.”

Last week's Central Economic Work Conference highlighted cutting costs as one of the tasks required to develop the economy.

Director He said costs for the Chinese logistics industry are rather high, taking up around 10% of the country's total annual output.

Source: dailyshippingtimes.com

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