Investment Rating - The report recommends investment in the transportation industry, indicating a positive outlook for the sector [2]. Core Insights - The report highlights the positive impact of the implementation of shipping fees in the U.S. on oil and dry bulk shipping, suggesting a favorable market environment [1]. - Key performance indicators for various segments, including air transport, shipping, and logistics, show significant year-on-year growth, indicating a recovery in demand post-pandemic [1][19]. Summary by Sections 1. Industry Market Review - The transportation sector experienced a slight increase of 0.37% this week, while the broader market (CSI 300) declined by 2.22% [11]. - Specific segments such as air transport and logistics showed growth rates of 3.06% and 2.57% respectively [11]. 2. Fundamental Tracking Air Transport - The ASK (Available Seat Kilometers) for airlines has increased significantly, with a year-on-year growth of 145.09% compared to 2019 [20]. - The oil price is reported at 61.29, reflecting a decrease of 2.79% [22]. Shipping and Ports - The SCFI (Shanghai Containerized Freight Index) rose by 12.92%, while the CCFI (China Containerized Freight Index) showed a decline of 4.11% [30]. - The BDTI (Baltic Dirty Tanker Index) increased by 7.86%, indicating a recovery in oil shipping rates [40]. Dry Bulk Shipping - The BDI (Baltic Dry Index) reached 2069.00, marking a growth of 6.87% [44]. - The BPI (Baltic Panamax Index) also saw an increase of 3.57%, reflecting a positive trend in dry bulk shipping [44]. 3. Investment Recommendations - The report suggests focusing on companies within the transportation sector that are showing strong recovery indicators and growth potential [7].