“白天载客，晚上拉货”，是公交破局新思路 |新京报快评

Core Viewpoint - The recent collaboration between Zhengzhou Public Transport Group and Henan Shunfeng Express has sparked public interest, although the actual implementation of a "daytime passenger transport and nighttime cargo transport" model has not yet commenced [2][5]. Group 1: Company Collaboration - Zhengzhou Public Transport and Henan Shunfeng have signed a strategic cooperation agreement, focusing primarily on expanding the scope and content of property leasing rather than immediate transportation collaboration [2][3]. - The public transport company currently maintains a clear separation between passenger and cargo services, with no current plans to mix these operations [2][5]. Group 2: Financial Performance - In 2024, Zhengzhou Public Transport's bus operation revenue accounted for 62.97% of its main business income, with a gross margin of -604.1%, while property leasing contributed 10.19% with a gross margin of 87.42% [2]. - The low fare structure of Zhengzhou Public Transport, with a flat rate of one yuan regardless of distance, reflects its strong public service orientation [2]. Group 3: Industry Trends - National public transport passenger volumes have been declining, with figures dropping from 691.76 billion in 2019 to an estimated 380.5 billion in 2023, indicating a need for public transport companies to optimize resource utilization [3]. - The integration of public transport and logistics services, such as the "bus + express delivery" model, is being explored in various cities to alleviate operational challenges and enhance efficiency [4][5]. Group 4: Policy and Implementation Challenges - Successful implementation of the "bus + express delivery" model requires a supportive policy environment, as seen in cities like Nanjing, where pilot projects align with regulatory changes [5]. - Challenges such as route design and vehicle scheduling must be addressed to maximize the economic and social benefits of this integration [5].