原标题：菜鸟再次携手中国人寿，合作设立投资规模17亿元仓储物流投资基金 本次基金的产业资本合作方为申通快递。本次菜鸟和申通为第二次基金合作，基于首次合作建立的 稳定合作关系基础上，本次双方合作从"项目级试点"迈向"战略级生态共建"。此次合作有助于基金在快 递物流行业精准投入，同时，菜鸟通过对申通快递的科技赋能和网络协同，能够高效促进实体经济高质 量发展。 当前，我国物流仓储行业正处于高质量发展的关键阶段，电商行业的稳健发展与国家政策的系统性 引导共同构成了现代物流基础设施建设与升级的核心驱动力。一方面，市场端直播电商、即时零售、全 渠道履约等新业态层出不穷导致了市场需求增长，并造就物流行业的能级跃升；另一方面，国家战略为 物流基建提供制度保障与方向指引，自2024年起至2025年，政府部门先后发布《有效降低全社会物流成 本行动方案》《政府工作报告》及《深入实施降低全社会物流成本专项行动》，明确提出以"有效降低 全社会物流成本"，通过体制机制改革、产业融合、网络建设、数智绿色转型、政策保障五大维度系统 部署，为物流仓储行业指明了发展方向——即向智能化、绿色化、网络化和高效化加速演进。菜鸟凭借 领先的智慧物流网络 ...

分析人士认为，物流行业正迎来深刻变革，竞争范式将从单一价格竞争转向科技、效率、服务与成 本控制的综合竞争，对物流企业而言，需要从传统运输服务商向供应链集成解决方案提供商转型。而顺 丰供应链的布局已走在行业前列，正在向更高阶的供应链集成服务商转型。 11月，顺丰速运与美团医药健康达成合作，双方从物流协同升级为"事业合伙人"，携手构建覆盖全 国的高效医药供应链体系，助力"健康中国"战略落地。双方启用全国首个与机场"零距离"的医药电商航 空物流中心，融合鄂州航空枢纽运力与美团用户网络，构建起"采购-仓储-运输-配送"全链路体系，实 现"一夜达全国，隔日连世界"的医药流通服务。 在第十五届全运会物流保障中，顺丰更是将服务能力升维至标准输出层面，搭建的赛事"智慧仓"通 过大数据与物联网实现全流程可视化管控，同时采用光伏仓、可循环包装及新能源车辆构建绿色供应 链，定制冷链食材专仓、跨境样本运输等场景化方案，联动粤港澳三地通关保障赛事需求。 近日，顺丰发布"中越智达""中印速航"等产品，形成陆运、空运协同的区域解决方案，依托"天网 +地网+信息网"三网合一优势及全球清关资质，精准破解跨境物流痛点，持续完善亚洲供应链网络。 ...

这个"双11"，你的快递"无人化"了吗? 智通财经APP获悉，今年旺季期间，在服务快递"最后一公里"方面，中通(02057)全网组成了一支行业内 规模最大的无人车队。据《人民日报》近日报道，截至目前，近3000台中通无人配送车每天在250多个 城市运送超20万件包裹，累计运行里程已逾2000万公里，将数字化触角延伸至收转运派各环节。 城乡之间的"毛细血管" 提升农产品运输效率，探索农产品销售新渠道，是中通人始终坚定践行的使命。2025年1月至10月，中 通承运的农村地区包裹超过129亿件，乡村覆盖率超96%，其中农村上行件同比增速达到21.5%——这其 中，无人车成为了链接城市与乡镇之间的"毛细血管"。 困扰多年的难题解决了 在山东莱芜，一支由40多台无人车组成的智慧配送车队已成为城乡重要的物流转运力量。莱芜中通无人 车覆盖40余条固定配送线路，日均配送快递量约6万件，服务范围遍及近70个城区驿站、5个镇级服务中 心及15个村级服务站。 今年旺季期间，正值莱芜生姜、苗山地瓜等农产品采摘季，无人车跑出了不俗的配送成绩，将发货周转 时效提高了10小时，村镇日均发货量达到3万多票，实现了在件量分散的农村地区，延伸快 ...

Core Insights - During the "Double 11" shopping festival, Zhongtong Express has deployed the largest fleet of unmanned delivery vehicles in the industry, enhancing the efficiency of last-mile delivery across over 250 cities [1] - The company has achieved significant growth in rural parcel delivery, with over 12.9 billion packages delivered from January to October 2025, and a rural coverage rate exceeding 96% [1] Group 1: Unmanned Delivery Vehicles - Zhongtong Express operates nearly 3,000 unmanned delivery vehicles, transporting over 200,000 packages daily and accumulating over 20 million kilometers in total distance [1] - In Laiwu, a fleet of over 40 unmanned vehicles has improved delivery efficiency by reducing shipping turnaround time by 10 hours, with daily dispatches reaching over 30,000 packages [2] - In Xinjiang, unmanned vehicles have become popular, delivering over 800 packages daily and saving nearly 2,000 yuan in fuel costs each month compared to traditional methods [2] Group 2: Cost Efficiency and Operational Improvements - In Guizhou, two unmanned vehicles have stabilized delivery tasks at around 2,000 packages, with daily service volume exceeding 5,000 during peak periods, reducing costs by 7,500 yuan monthly [3] - In Qingdao, 10 unmanned vehicles have achieved a daily delivery volume of 5,000 packages, lowering costs by 0.02 yuan per package compared to manual delivery [3] - In Shenzhen, unmanned vehicles can deliver 8,000 to 10,000 packages daily, reducing costs by 30% and proving advantageous in narrow roads and adverse weather conditions [3] Group 3: Automation and Smart Solutions - Zhongtong Express has implemented unmanned delivery lockers in various locations, improving pick-up efficiency by approximately 30% and allowing for a reduction of two staff members at busy outlets [4] - The company has enhanced logistics efficiency through the relocation of warehouses and the establishment of cloud warehouses, achieving a peak daily business volume of 230,000 packages during the "Double 11" festival [4] - The integration of unmanned vehicles and lockers reflects Zhongtong's commitment to transforming its digital and intelligent service model, providing efficient, stable, and environmentally friendly solutions [4]

Core Insights - Yuchai has signed a strategic cooperation framework agreement with CIMC Vehicle Technology Co., Ltd. to establish a high-tech smart logistics operation company, enhancing Yuchai's warehouse management and supply chain system [1][3] Group 1: Joint Venture and Project Overview - The joint venture will primarily operate Yuchai's intelligent warehouse project, involving the renovation of existing warehouses and the construction of a new warehouse cluster covering nearly 100,000 square meters, expected to be completed by the end of 2026 [3] - The project focuses on digitalization, intelligence, and sustainability, integrating digital systems and smart equipment to cover all production logistics scenarios, including front-end supply chain logistics, in-plant warehousing, and workshop logistics [3] Group 2: Strategic Goals and Future Plans - The collaboration aims to eliminate data barriers and optimize resource allocation, creating a transparent and efficient logistics model, positioning Yuchai as a benchmark in supply chain logistics digitization [3] - Yuchai and CIMC have a 17-year cooperation history, and this partnership deepens their strategic relationship, with plans to enhance international cooperation and develop an integrated service model [3]

Core Insights - The express delivery industry in China has surpassed 1.5 trillion packages as of October 11, 2023, indicating a significant growth trajectory and the industry's vital role in connecting various sectors and enhancing market potential [1] Group 1: Industry Growth and Performance - The express delivery volume has consistently exceeded 16 billion packages per month since March 2023, showcasing the robust demand and operational capacity of the industry [1] - The China Express Development Index for September 2025 reached 459.6, reflecting a year-on-year increase of 3.9%, indicating steady market growth and improved logistics efficiency [3] - The express delivery service quality index for September 2025 was reported at 690.8, up by 0.4 percentage points year-on-year, highlighting enhancements in service standards [4] Group 2: Regional Development and Consumer Experience - The logistics system is continuously improving, with significant advancements in rural delivery networks, which are narrowing the service gap between urban and rural areas [3] - In regions like Xinjiang, the establishment of new logistics frameworks has led to a doubling of order volumes compared to the previous year, demonstrating the effectiveness of enhanced logistics in driving consumer engagement [2] - The integration of e-commerce and logistics has resulted in faster delivery times, with some products reaching consumers on the same day they are ordered [2] Group 3: Service Innovations and Diversification - The express delivery sector is diversifying its service offerings, such as vehicle transportation services that have become as convenient as parcel delivery, catering to changing consumer preferences [5] - The industry is increasingly leveraging technology, including AI and big data, to enhance supply chain efficiency and improve service delivery [7] - The integration of logistics with tourism and cultural sectors is being emphasized, with innovative services being developed to support the growing demand in these areas [6] Group 4: Future Outlook - The express delivery industry is expected to maintain a positive growth trend as it enters the peak season in the fourth quarter, supported by a comprehensive network that facilitates economic circulation [8]

Core Insights - The express delivery industry in China has surpassed 1.5 trillion packages as of October 11, 2023, indicating a significant growth in the sector, achieved 37 days earlier than in 2024 [1] - The continuous improvement of the logistics system is enhancing service efficiency and consumer experience, particularly in rural areas [2][3] Group 1: Industry Growth and Performance - The express delivery volume has consistently exceeded 16 billion packages per month since March 2023, showcasing the sector's robust performance [1] - The China Express Development Index for September 2025 reached 459.6, reflecting a year-on-year increase of 3.9%, indicating steady market growth [3] - The service quality index for the express delivery sector was reported at 690.8 in September 2025, up by 0.4 percentage points year-on-year, highlighting improvements in service standards [4] Group 2: Service Innovations and Consumer Experience - The integration of logistics with local agricultural products, such as the efficient delivery of winter jujubes from Shanxi, demonstrates the sector's role in enhancing rural market consumption [2] - The introduction of diverse service offerings, such as vehicle transportation services, has made logistics more convenient for consumers, with a notable increase in car shipping demand during holiday periods [5] - The application of smart technologies, including drones and AI, is revolutionizing delivery efficiency and supply chain management, with significant advancements in logistics capabilities [7] Group 3: Future Outlook and Strategic Developments - The express delivery industry is expected to maintain a positive growth trajectory as it enters the peak season in the fourth quarter of 2023, supported by a comprehensive national logistics network [8] - The ongoing integration of the express delivery sector with tourism and other industries is anticipated to further expand its service offerings and market reach [6]

Core Viewpoint - Deutsche Bank's stock (02418) rose over 11% following the announcement of a strategic cooperation agreement with Yongqing Group for smart logistics in overseas parks [1] Group 1: Strategic Cooperation - The strategic cooperation agreement was signed on October 9, focusing on deep collaboration in smart logistics and capacity management [1] - The partnership will provide efficient, safe, and stable smart logistics service management solutions for the Morowali Industrial Park (IMIP) in Central Sulawesi, Indonesia [1] - The collaboration includes integrated capacity management, smart logistics solutions, customized vehicles, and aftermarket services [1] Group 2: Business Expansion and Market Opportunities - The board believes that this strategic cooperation will benefit the company's overseas business expansion and create new market opportunities [1] - The agreement aligns with the company's long-term development goals and business strategies, deemed in the overall interest of the company and its shareholders [1]

Core Viewpoint - Deutsche Bank Tianxia (2418.HK) has announced a strategic cooperation agreement with Yongqing Group Limited for smart logistics in overseas parks, focusing on enhancing operational efficiency and reducing logistics costs in the Morowali Industrial Park in Indonesia [1] Group 1: Strategic Cooperation - The agreement is set to take effect on October 9, 2025, and aims for deep collaboration in the field of smart capacity management [1] - The partnership will provide efficient, safe, and stable smart capacity service management solutions for the Morowali Industrial Park [1] Group 2: Operational Enhancements - The collaboration will focus on integrating and scheduling overall capacity resources, comprehensive management of transportation services, and coordinating warehousing and production [1] - Information sharing and visualization management will also be key components of the operational improvements [1]

Core Insights - The logistics network established by Shandong High-speed is facilitating the import of various global goods into Shandong, including Kazakh wheat and Russian timber, enhancing the region's supply chain efficiency [1][8] - The company has implemented a "Five Unification" operational model, significantly increasing the number of China-Europe freight trains, with over 13,000 trains operated cumulatively and 2,002 trains in the first eight months of this year [3] - Shandong High-speed is focusing on customized services for different clients, including dedicated trains for key enterprises and specialized trains for small and medium-sized businesses [3][8] Logistics and Infrastructure Development - The company is accelerating the construction of logistics hubs in Jinan and Qingdao, with the Jinan project planned to have five functional areas and the Qingdao project six, expected to enhance freight consolidation and distribution capabilities [3] - The establishment of international logistics parks, such as the Xinjiang International Logistics Industrial Park, is contributing to significant freight volumes, with 27.5 million tons of goods transported by rail and 2,253 international freight trains dispatched in the first eight months [5] Industry Innovation and Digitalization - The company is building a digital wood chain platform to integrate resources in the wood industry, enhancing efficiency in the supply chain [5][7] - The implementation of solar power systems in logistics parks is part of a low-carbon transformation initiative, with an installed capacity of 8.35 megawatts generating 9 million kWh annually, reducing carbon emissions by 6,500 tons [7] Global Trade and Consumer Access - The establishment of pre-storage warehouses for international products, such as Brazilian beef and Russian king crab, is enhancing consumer access to global goods, with an average daily inventory exceeding 1 million bottles of wine [7] - The company has secured import qualifications for all categories of meat, signing 454 cold chain contracts in the first eight months, which is 87% of last year's total [7]