Road logistics price index in China falls by 0.1% YoY in Jan 2024

19 Feb '24

1 min read

Pic: Adobe Stock

Insights

China's road logistics price index fell by 0.1 per cent YoY in January to 103.9 due to extreme weather, a joint survey by the China Federation of Logistics and Purchasing and the Guangdong Lin'an Logistics Group revealed.
The figure for full-truckload logistics rose by 0.35 per cent YoY to 104.
The road transportation market was generally active in the month.

The road logistics price index in China fell by 0.1 per cent year on year (YoY) in January this year to 103.9 due to extreme weather like rain and snow, according to a survey jointly conducted by the China Federation of Logistics and Purchasing and the Guangdong Lin'an Logistics Group.

The figure for full-truckload logistics, which primarily measures bulk commodity and regional transportation, rose by 0.35 per cent YoY to 104, a state-controlled media outlet reported.

The country’s road transportation market was generally active in January, revealed the survey, attributing this trend to positive factors in production and consumption as well as the stimulative effect of holidays.

ALCHEMPro News Desk (DS)

More Textiles News - China...