Industry News

China's April logistics demand slips as cargo volume declines 3.8pc

CHINA Federation of Logistics and Purchasing's (CFLP) statistics show that China's logistics demand weakened slightly in April, Xinhua reports.

China's April cargo volume posted a 3.8 per cent decline overall with rail freight falling 12.1 per cent and waterway shipments dropping 4.1 per cent. Road cargo turnover had a fractional increase of 0.7 per cent. 

The Logistics Prosperity Index's (LPI) new order sub-index was at 54.9, down 0.6 from March, yet above the 50 point plimsol line.

CFLP said the figures indicated that China's logistics industry is shifting from a faster recovery-led growth to a more stable trend.

From January to April, China's total logistics value, the total value of all logistics operations, increased 9.4 per cent to CNY58.8 trillion (US$9.59 trillion) after removing price factors. The growth remained at the same level as in the first quarter, but 0.8 percentage points lower year on year.

Fixed assets investment in the first four months increased 24.7 per cent to CNY958.1 billion. The growth was 4.1 per cent more than the national average, one percentage point higher than in the first quarter, and 17 percentage points faster than in the same period in 2012.

During the first quarter, China's major logistics operators recorded 7.5 per cent growth in their core business profit - six per cent more than in the first two months. 

But costs were also rising. Core business revenue profit rate was at 5.65 per cent, 0.2 per cent less than in the first two months, but 0.3 percentage points higher than in the first quarter of 2012.


 

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