In February, a slight decline in China's road logistics price index was reported, according to findings from a collaborative effort between the Guangdong Lin'an Logistics Group and the China Federation of Logistics and Purchasing. The index recorded a 0.82 per cent year-on-year fall, settling at 102.6. This downturn is largely attributed to the reduced pace of production across enterprises during the Chinese New Year festivities.The Chinese New Year saw a deceleration in enterprise production. This annual occurrence has a ripple effect on various sectors, including road logistics, which witnessed a decline in demand, as per Chinese media reports.
Specifically, the sector of full-truckload logistics also experienced a modest reduction in its price index, which dropped by 0.64 per cent compared to the same timeframe last year, marking it at 102.7.
In February, China's road logistics price index fell 0.82 per cent YoY to 102.6, mainly due to slowed production during the Chinese New Year.
This period's impact led to decreased demand in road logistics, with the full-truckload sector seeing a 0.64 per cent drop to 102.7.
The festive season's effect on business operations affected the logistics industry.
ALCHEMPro News Desk (DP)
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