During the week spanning from January 29 to February 2, China’s road logistics price index experienced a marginal uptick of 0.03 percent. The data, derived from a collaborative survey by the China Federation of Logistics and Purchasing and the Guangdong Lin’an Logistics Group, reveals that the country’s road logistics index reached 1,038.95 points in the past week.
Across all categories of vehicles, sub-indices registered modest increases on a week-on-week basis. Notably, the full-truckload logistics price index, which predominantly gauges bulk commodity and cross-regional transportation, reached 1,040.28 points during this period, marking a marginal 0.03 percent increase.
The survey attributes the subdued growth in road logistics prices to a slowdown in supply expansion within the sector, counterbalanced by generally stable demand. As the Chinese Lunar New Year holiday approaches on February 10, experts anticipate the price index to experience slight fluctuations in the coming weeks.
