Core Insights - The e-commerce logistics index in China rose to 111.6 points in May, indicating a steady increase in both supply and demand [1][2] - The total business volume index for e-commerce logistics reached 130.2 points, marking a 0.8 point increase from the previous month [1] - The rural e-commerce logistics business volume index also increased to 129.6 points, reflecting a 0.6 point rise [1] Supply and Demand Dynamics - Both supply and demand sides showed steady growth, with the total business volume index and rural business volume index hitting new highs for the year [2] - The "old-for-new" consumption policy boosted demand for home appliances and communication equipment [2] - Companies are enhancing their supply capabilities in anticipation of mid-year promotional activities, as indicated by a 0.2 point increase in the personnel index [1] Logistics Efficiency - The logistics timeliness index rose to 101.2 points, surpassing 100 for the first time this year, indicating improved service efficiency among e-commerce logistics companies [1] - The inventory turnover rate index increased by 0.2 points, suggesting faster inventory turnover as demand rises [1] - The market feedback remains positive, with a 0.4 point increase in the satisfaction index [1] Future Outlook - The easing of monetary policy is expected to provide significant support for the implementation of consumption-promoting policies, enhancing the vitality of the e-commerce market [2] - With major e-commerce platforms preparing for mid-year shopping promotions, the logistics index in June is anticipated to rise further [2]

" 地主家也没余粮了。 " 作者丨覃倩雯 编辑丨刘伟 "地主家也没余粮了。"接近亚马逊人士向雷峰网透露，整个HC确实锁了不少，大中华地区的招聘需求表 从以前的二十多页，缩减到现在的两三页，划两下就没了。 近日，社交平台上不少信息显示，亚马逊中国内部正在陆续裁员，涉及ESM、LCS等部门。据雷峰网独家 获悉，目前亚马逊中国已经暂停了大部分的招聘需求，各部门的人员预算也砍了很多。 "我的经理上个月刚被裁，职级是L7，但直接下属只有6个人，被裁得很突然。"一位亚马逊员工说道。另 一位亚马逊员工透露，我们的L7是去年12月走的，跑得很快，不想转组变庶子。 目前，亚马逊中国的核心零售业务板块只有广告团队和招商团队，以销售功能为主；而海外的美国总部的 团队是负责整个亚美的运营、采销、流量分发等。 上述知情人士透露，其实亚马逊的政策中国区这帮人也没办法左右，中国区现在很多权限都没了，决策权 都在国外，他们大部分都是做一些执行的东西，很多人的业绩目标都是海外那边的负责人定的。（欢迎添 加作者微信 qqw_501， 一起交流Temu、亚马逊内部更多信息。） 组织调整之下，亚马逊与Temu短兵相接 巨变背后，是亚马逊零售业务发展 ...

Investment Rating - The report rates the transportation industry as "Outperform" [2] Core Insights - Maersk reported a 70.4% year-on-year increase in EBITDA for Q1 2025, with total revenue reaching $13.32 billion, a 7.8% increase [3][14] - Hainan Airlines transported over 617,000 passengers during the "May Day" holiday, setting a record for Beijing Daxing Airport [3][16] - SF Express saw an 87% year-on-year increase in business volume during the "May Day" holiday, with the e-commerce logistics index rising to 111.1 points in April [3][23] Summary by Sections 1. Industry Hot Events - Maersk's Q1 2025 report shows EBITDA growth of 70.4%, with net profit increasing by 480.3% to $1.21 billion [3][14] - Hainan Airlines executed approximately 3,883 flights and transported over 617,000 passengers during the "May Day" holiday, marking a 9% increase year-on-year [3][16] - SF Express reported an 87% increase in business volume during the holiday, with significant growth in various categories [3][23] 2. High-Frequency Data Tracking - Air freight prices remained stable from early to mid-April 2025, with a slight decline in some indices [4][27] - Domestic cargo flight volumes decreased by 1.67% year-on-year in April 2025, while international flights increased by 25.08% [4][36] - The SCFI index for container shipping reported a 0.32% week-on-week increase, but a 41.66% year-on-year decrease [4][40] 3. Investment Recommendations - The report suggests focusing on the industrial goods export chain, recommending companies like COSCO Shipping, China Merchants Energy, and Huamao Logistics [5] - It highlights investment opportunities in low-altitude economy trends and the cruise and ferry sectors [5] - Recommendations for the express delivery sector include SF Holdings, Jitu Express, and Yunda Express, with a focus on the aviation industry as well [5]