9月多家快递公司“量价齐升”

Core Insights - The express delivery industry is experiencing a simultaneous increase in both volume and price due to growing market demand and price hikes by several companies in 2023 [1][4]. Company Summaries - SF Express reported a total revenue of 27.007 billion yuan for its express logistics, supply chain, and international business in September 2025, marking an 8.78% year-on-year increase. The express logistics revenue grew by 14.21%, with a business volume increase of 31.81% [1]. - YTO Express announced a revenue of 5.799 billion yuan for September 2025, reflecting a 14.89% year-on-year increase, with a business volume of 2.627 billion parcels, up 13.64% [2]. - Yunda Express reported a revenue of 4.252 billion yuan for September 2025, a 4.14% increase year-on-year, with a business volume of 2.11 billion parcels, up 3.63% [2]. - Shentong Express disclosed a revenue of 4.633 billion yuan for September 2025, a 14.89% year-on-year increase, with a business volume of 2.187 billion parcels, up 9.46% [2]. Industry Overview - The China Express Development Index for September 2025 was reported at 459.6, a 3.9% increase year-on-year. The development scale index and development capability index were 589.3 and 228.8, reflecting increases of 9.3% and 1.9% respectively [3]. - The express delivery market is steadily growing, with improvements in automation and intelligence levels, as well as enhancements in the comprehensive transportation network and supply chain service capabilities [3]. Price Increase Context - The rise in single ticket revenue across the industry is closely linked to multiple price hikes announced by express delivery companies throughout the year. Various provinces and cities have raised express delivery prices, particularly for e-commerce parcels [4]. - The price increase trend was initiated by policy measures aimed at curbing vicious competition within the industry and enhancing service quality [5].