交通运输行业交运一周天地汇：美对加墨征收关税推迟至3月4日，假期运价及美股原油轮上涨

Investment Rating - The report maintains a "Positive" outlook on the transportation industry, particularly highlighting the shipping sector's performance during the recent period [4][6]. Core Insights - The report indicates a significant increase in shipping rates, with VLCC rates rising by 26% to $35,138 per day, driven by strong demand and market dynamics [5][13]. - The postponement of tariffs on energy imports from Canada and Mexico until March 4 is expected to provide marginal benefits to oil tanker companies, particularly COSCO Shipping Energy and China Merchants Energy [8][9]. - The express delivery sector is projected to see a 21% growth in business volume in 2024, with a total of 1.745 billion packages expected to be delivered [17]. - The aviation sector is experiencing a recovery, with a 7.2% increase in cross-regional passenger flow during the Spring Festival compared to the previous year [20][21]. Summary by Sections Shipping Sector - The report highlights a strong performance in the oil tanker segment, with notable increases in stock prices for companies like FRO (up 8.6%) and DHT (up 4.3%) during the holiday period [5][7]. - VLCC rates have surged due to increased demand for Middle Eastern compliant oil, with the price gap between Middle Eastern oil and WTI reaching its highest level since early 2024 [13]. Express Delivery - The express delivery industry is set to grow significantly, with a forecasted revenue of 1.4 trillion yuan, marking a 13% increase year-on-year [17]. - The report suggests focusing on companies like SF Express and JD Logistics, which are expected to benefit from operational efficiencies and demand recovery [17]. Aviation Sector - The report notes a robust recovery in air travel, with a 17.9% year-on-year increase in the Shanghai Pudong export air transport index [18]. - Recommendations include airlines such as China Eastern Airlines and Spring Airlines, which are expected to benefit from the ongoing recovery in passenger demand [21]. Road and Rail Transport - The report recommends investments in companies like Ninghu Expressway and China Merchants Highway, which are expected to benefit from increased passenger flow during the Spring Festival [21]. - Data indicates a 7% increase in highway and railway passenger volumes compared to the previous year, reflecting a strong recovery in transportation demand [21].