交通运输行业周报：民航局披露2024年全行业扭亏为盈，2024年我国快递业务量突破1700亿件

Investment Rating - The report rates the transportation industry as "Outperform the Market" [1] Core Insights - The global new ship order volume reached a 17-year high in 2024, with 2,390 vessels totaling 170 million deadweight tons, and Chinese shipyards accounted for 70% of the global market share [2][14] - The Civil Aviation Administration of China announced that the entire industry turned profitable in 2024, with a reduction in losses by 20.6 billion yuan year-on-year [16] - Jitu Express reported a daily average of over 80 million packages globally, with China's express delivery volume surpassing 170 billion packages in 2024, reflecting a 21% year-on-year growth [19][21] Summary by Sections 1. Industry Hot Events - CMA CGM announced a peak season surcharge for certain routes, effective January 15, 2025, with fees of $1,500 per TEU for specific cargo [2][13] - Hong Kong Airlines will resume long-haul routes to Australia and Canada, marking its return to the international market [16][17] - Jitu Express achieved a total package volume of 73.9 billion in Q4 2024, a 32.5% increase year-on-year [19] 2. High-Frequency Dynamic Data Tracking - Air cargo prices showed a downward trend from mid-December 2024 to late December 2024 [22] - The shipping price index decreased as of January 10, 2025, while dry bulk freight rates increased [29] - In November 2024, express delivery volume increased by 26.15% year-on-year, with revenue rising by 15.18% [39] 3. Investment Recommendations - Focus on the equipment and manufacturing export chain, recommending companies like COSCO Shipping, China Merchants Energy Shipping, and Huamao Logistics [4] - Attention to low-altitude economy investment opportunities, recommending CITIC Offshore Helicopter [4] - Investment opportunities in the cruise and ferry sectors, recommending Bohai Ferry and Straits Shares [4] - E-commerce express delivery investment opportunities, recommending Jitu Express and Yunda [4] - Investment opportunities in the aviation sector, recommending China National Aviation, Southern Airlines, Spring Airlines, and others [4]