中物联：11月中国公路物流运价指数为105.4点 环比回升0.46%

Core Insights - The China Road Logistics Freight Index reached 105.4 points in November 2025, showing a month-on-month increase of 0.46% and a year-on-year increase of 0.82% [1][3] Summary by Category Freight Index Overview - The overall freight index for November 2025 is 105.4 points, up from 105.1 points in October [3] - The full truckload index increased to 106.0 points, a rise of 0.47% from the previous month and 0.98% year-on-year [3] - The less-than-truckload light cargo index rose to 102.9 points, up 0.27% month-on-month and 0.06% year-on-year [3] - The less-than-truckload heavy cargo index reached 106.1 points, increasing by 0.59% from the previous month and 1.05% year-on-year [3] Market Demand and Supply - The road logistics market is experiencing a slight recovery in demand, driven by year-end production goals and the completion of infrastructure projects [4] - Industrial production is stabilizing demand for basic raw materials, supporting the overall logistics demand [4] - Consumer demand is improving due to the effectiveness of consumption-boosting policies [4] - The market is seeing a steady increase in new transport capacity, with overall stability in trunk transportation [4] Regional Performance - The freight index in the Central China and Shandong Peninsula regions has declined, while other regions have seen increases [4] Future Outlook - The positive economic fundamentals are expected to continue, with optimistic market signals accumulating [4] - The road transport market is anticipated to remain active, with the freight index likely to stabilize at current high levels or experience slight increases [4]