Logistics networks in China stay resilient in Nov 2022: Analyst

05 Dec '22

1 min read

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Logistics networks in China mostly stayed resilient in November this year with major enterprises witnessing stable freight volume growth, said China Logistics Information Centre analyst Hu Han, while cautioning against the impact of COVID-19 as outbreaks in some major cities in late-November disrupted logistics services and brought down expressway traffic.

A survey of some national logistics companies showed that their railway, road and waterway freight volume increased by 1 to 2 per cent month on month and e-commerce deliveries grew by 4 to 6 per cent, state-controlled media reported.

The index tracking the warehouse storage sector dropped by 2.6 percentage points from the October figure to 44.1 per cent in November.

The logistics climate index, compiled by the China Federation of Logistics and Purchasing, was 46.4 per cent in November, down by 2.4 percentage points from October.

A reading above 50 indicates expansion, while a reading below reflects contraction.

ALCHEMPro News Desk (DS)

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