Logistics costs increased in first eight months
Updated: 2012-09-26 16:39
By Ye Yiwen (chinadaily.com.cn)
|
|||||||||||
Logistics costs increased in the first eight months of the year, according to a report issued by the China Federation of Logistics and Purchasing, the China Securities Journal reported on Wednesday.
The total value of goods transported by logistics companies in the first eight months was 113.9 trillion yuan ($18.1 trillion), up 9.7 percent year-on-year. Industrial goods transported totaled 103.9 trillion yuan, accounting for 91.2 percent of that total.
From January to August, total logistics costs amounted to 5.6 trillion yuan, up 11.3 percent year-on-year.
The growth of the logistics costs has exceeded that of goods transported for the three months since June. Though the growth rate of the increase is slowing down, overall costs remain relatively high.
The CFLP said that logistics services for express deliveries, everyday chemicals and medical care products have become the highlights of logistics operations, with a steady growth rate.
However, the pressure from China's economic slowdown, coupled with increasing costs and sluggish demand, had a negative effect on the profits of logistics companies.
External demand also remained weak with a slow growth rate over the past eight months. Logistics services for imported goods amounted to 7.5 trillion yuan, up 4.9 percent year-on-year, and accounting for 6.6 percent of the total goods transported.
Related Stories
Logistics co-op needed between China and ASEAN 2012-09-26 09:43
Logistics property rents reach record high in Beijing 2012-09-25 17:15
Local authorities rush to build logistics parks 2012-09-15 10:49
Haier co-ops with Singapore firm on logistics network 2012-09-11 09:44
Shipbuilding firm enters logistics business 2012-08-28 10:33
GLS partners with Chinese ZJS Express 2012-08-17 10:41
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |