CHINA China's road logistics price index stable in August


China's road logistics price index stable in August


17:23, September 15, 2019

BEIJING, Sept. 15 (Xinhua) -- China's road logistics price index remained stable in August, the latest data showed.


(File Photo: VCG)

The index in August came in at 98.1, slightly down 0.02 percent from July. Compared with a year earlier, the index rose 2.5 percent in August, according to a survey by the China Federation of Logistics and Purchasing and the Guangdong Linan Logistics Group.

The road logistics market was still in an offseason in August, and the index remained stable month on month with an overall balance between supply and demand.

In terms of region, due to the influence of adverse weather like typhoons, high temperatures and rainstorms, only northeast China and the Pearl River Delta among the nine major regions saw month-on-month rises in the freight price index.

On the whole, the road logistics price level since the third quarter of this year is higher than in the same period last year.

The road logistics demand will climb in the near future, as the consumption logistics market has been active and the growth momentum in equipment manufacturing and high-tech manufacturing has supported the manufacturing industry, according to the federation.

China's road logistics price index is based on the average price in the last week of December 2012, with the monthly index starting point at 100.

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