证券日报网讯炬申股份（001202）7月31日在互动平台回答投资者提问时表示，公司"ARIES"(白羊座号) 驳船已抵达几内亚，将按规划在当地开展业务；公司在几内亚的陆地汽运业务已在开展中。具体运营情 况请以公司公开披露的相关信息为准。 ...

Group 1 - The core viewpoint is that China's social logistics costs have further decreased in the first half of the year, with significant achievements in reducing costs and improving efficiency in logistics operations [1][2]. - The ratio of total social logistics costs to GDP in China is 14.0%, which is a decrease of 0.1 percentage points from the first quarter and 0.2 percentage points from the same period last year, indicating that logistics expenses have dropped to 14.0 yuan for every 100 yuan of GDP created [1]. - The total savings in logistics costs for the first half of the year exceeded 130 billion yuan [1]. Group 2 - The efficiency of railway freight vehicle transportation has improved by 3.2% in the first half of the year, contributing to the overall enhancement of logistics operations [2]. - The growth of intermodal transport has been increasingly smooth, with a notable increase of 18.1% in the volume of container cargo transported via rail-water intermodal services [2].

补链方面，通过加速陆港场站、空港货站等枢纽设施发展，提高铁路物流基地、机场等重点枢纽及 周边集疏运设施的服务承载能力；通过打造公铁水联运型、陆空联运型两类综合货运枢纽体系，深化陆 港、空港双港互补，加强绿色化、智能化装备应用，提升多式联运在应急保供、冷链物流等领域专业化 服务水平；通过加强与联合实施城市——银川市合作，提升区域内枢纽辐射带动产业发展能力。同时， 西安深化与重要沿海港口、重要沿边口岸合作，实现与重要枢纽节点联动发展。 强链方面，通过新开一批国际货运航线、中欧班列国际线路，支持哈萨克斯坦西安码头建设等措 施，显著增强城市对外开放能力；通过拓展延伸国际多式联运网络，加强物流信息共享，持续扩大"多 式联运+开放口岸+商贸服务"效应；推广应用集装箱、半挂车等标准化运载单元，推动标准托盘、周转 箱、包装箱等装载单元循环共用，增强物流运输服务效率。（记者：侯燕妮） 西安市交通运输局局长马胜利介绍，国家综合货运枢纽补链强链工作，即通过提升货运枢纽的综合 服务能力，实现各种运输方式的高效衔接，对于降低交通物流成本、提高综合运输效率、推动区域经济 高质量发展具有重大意义。 7月23日，记者从西安市交通运输局获悉： ...

Financial Data and Key Metrics Changes - The company generated over $1 billion in revenue for the quarter, down 5% year over year [23] - Non-GAAP operating income was $45 million, compared to $64 million in the prior year [24] - Adjusted earnings per share were $1.36, down from $1.98 in 2024 [24] Business Line Data and Key Metrics Changes - The Asset Based segment reported revenue of $713 million, a 1% increase year over year, with an operating ratio of 92.8, an increase of 300 basis points from 2024 [25] - Daily shipments in the Asset Based segment grew by 6%, while weight per shipment decreased by 1%, resulting in a 4% increase in tons per day [25] - The Asset Light segment saw revenue of $342 million, a 13% decrease year over year, with shipments per day down 7% [29] Market Data and Key Metrics Changes - The freight environment remained challenging with softness in manufacturing and a sluggish housing market [6] - Daily shipments in July 2025 grew by 2% year over year, indicating continued success in capturing new core business opportunities [28] Company Strategy and Development Direction - The company is focused on driving profitable growth, advancing premium service for customers, and optimizing efficiency [13] - Investments in technology and innovation are aimed at creating long-term value for customers, employees, and shareholders [5] - The company plans to host its first Investor Day in a decade on September 29, showcasing strategic priorities and long-term financial targets [35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current soft freight market and emphasized the importance of strategic investments [34] - The company anticipates continued growth in its core business and is well-positioned to improve margins as demand grows and capacity tightens [52] Other Important Information - The company welcomed Tom Albrecht to the Board of Directors, bringing extensive industry experience [8] - Judy McReynolds plans to retire as CEO at the end of the year, with Seth Renser set to succeed her [11] Q&A Session Summary Question: Potential for revenue growth in August and September - Management indicated potential for outperforming historical trends due to ongoing commercial efforts [41] Question: Pricing strategy in the SMB market - Management noted that the SMB market is less price-sensitive and emphasized the importance of building long-term relationships [46] Question: Sustainability of outperformance in freight volumes - Management highlighted strong pipeline growth and the ability to provide value to customers as key factors for sustained outperformance [50] Question: Impact of the general rate increase (GRI) - Management explained that the timing of the GRI aligns with historical cycles and is necessary to cover inflationary costs [56] Question: Stickiness of new freight volumes - Management expressed confidence that new business is sticky, driven by strong customer relationships and service offerings [62] Question: Service levels and performance - Management emphasized ongoing investments in optimization initiatives and collaboration with customers to enhance service [70] Question: Context of tonnage drop in July - Management indicated that the drop was in line with historical performance and attributed it to seasonal factors [76]

生活在德国的华人开始发现一件有意思的事情：从中国电商平台购买的商品，很多都是从德国城市伍珀 塔尔（Wuppertal）发货的。在阿里巴巴国际站，也可检索到不少以 "Wuppertal" 作为发货地的商品。 与柏林、慕尼黑等德国城市相比，伍珀塔尔是个颇为陌生的地名，但伍珀塔尔所在的德国鲁尔老工业 区，却在历史上赫赫有名。 鲁尔区（Ruhr）位于德国西部，是德国北莱茵-威斯特法伦州（Nordrhein-Westfalen，下简称北威州）的 一部分，以采煤工业起家，许多城市因煤而兴，后又因煤而衰败。鲁尔区的振兴，是自1960年代以来德 国的一大课题。而如今，鲁尔区因电商平台涌入德国，正呈现出新的景象。 2023年4月，Temu正式在德国上线；2024 年6月，SHEIN宣布德国站上线；2025年3月，TikTok Shop正 式开放德国站点，6月，亚马逊低价商城Amazon Haul 进入德国。最近，京东传出正考虑以22亿欧元 （约合185亿人民币）巨资，收购德国消费电子产品零售商Ceconomy的消息。 电商平台在瞄准德国本土市场的同时，也利用德国的地理位置，辐射整个欧洲。而鲁尔区因为区位与交 通优势，成为跨境电 ...

中新网乌鲁木齐7月29日电 (蔡嘉敏)欧洲百年物流企业艾尔布勒斯(Alblas)国际物流中欧直达运输枢纽 仓，28日在乌鲁木齐国际陆港区正式揭牌，同步交付的首批沃尔沃新一代TIR运输车辆鸣笛启程。 2024年8月，全国第二个国际公路运输系统(TIR)集结中心在国际陆港区乌鲁木齐多式联运中心揭牌成 立。TIR集结中心(乌鲁木齐)提供仓储、配送、报关等增值服务。 TIR(《国际公路运输公约》)系统是目前唯一的全球性跨境货物运输通关系统，涵盖公路、铁路、内陆 河流、海运等多式联运，覆盖全球70多个缔约国。获得TIR运输资质的企业，可以仅凭一张单据在TIR 公约成员国间畅通无阻，只需接受始发地和目的地国家海关检查，途经国一般情况下不再开箱查验。 据介绍，艾尔布勒斯(Alblas)运输公司将依托中欧直达运输枢纽仓，重点开展覆盖中亚、欧洲等方向的 TIR跨境公路运输业务。其全球网络资源与成熟运营经验的注入，将极大提升集结中心的国际化水平和 辐射能力，加速乌鲁木齐国际陆港区成为亚欧大陆国际物流链上的关键节点。 艾尔布勒斯(Alblas)运输(新疆)有限公司副总经理迪力夏提·买买提表示，选择乌鲁木齐国际陆港区TIR集 结中心 ...

Group 1 - The "JD Health Cup" fishing competition will be held in Dalian, attracting fishing enthusiasts from across the country [1][3] - The event will feature a total of 120 participants from 30 teams, with the previous year's champion team catching 189.45 kg of fish [3] - JD will offer various promotions, including a chance to win fishing packages and live fish during the event [1][3][8] Group 2 - Dalian Zhajiz Island is recognized as a national fishing base, with over 260 days of suitable fishing conditions annually [3] - JD Logistics has enhanced its transportation capabilities to ensure the freshness of seafood, utilizing a multi-modal cold chain network [5] - The logistics system includes dedicated cold chain vehicles and priority delivery services to ensure seafood reaches major cities within 24 hours [5] Group 3 - JD Sports has developed a comprehensive supply chain for fishing gear, collaborating with various brands to offer a wide range of products [7] - The event will be broadcasted live on JD's platform, allowing viewers to participate in fish auctions and equipment sales [7][8]

Group 1: Gold Market - Spot gold has recently surpassed $3330.00 per ounce, currently trading at $3330.84, with a daily increase of 0.14% [1] - COMEX gold futures are reported at $3385.6 per ounce, reflecting a daily rise of 0.13% [3] - Shanghai gold futures have increased by 0.45%, currently priced at 774.00 [5] Group 2: U.S. Stock Market - The three major U.S. stock indices closed lower, with the Dow Jones down 0.46% at 44632.99 points, S&P 500 down 0.30% at 6370.86 points, and Nasdaq down 0.38% at 21098.29 points [9] - Notable declines were observed in popular tech stocks, including Meta down over 2%, Intel, Apple, and Tesla down over 1%, while AMD rose over 2% [9][10] - The Nasdaq China Golden Dragon Index fell by 1.35%, with most Chinese concept stocks declining, including Li Auto down over 6% and Baidu and JD down about 3% [13] Group 3: Federal Reserve Meeting - The Federal Reserve's July meeting is anticipated to maintain interest rates unchanged, with a 97.9% probability of no change and a 2.1% chance of a 25 basis point cut [17] - Market focus is on potential signals regarding a rate cut in September, with a 63.2% probability of a 25 basis point cut [17] - Federal Reserve Chairman Jerome Powell may provide insights on the possibility of a rate cut during the post-decision press conference [18] Group 4: Economic Outlook - Analysts suggest that the global market's risk appetite is on the rise, with U.S. employment and consumption remaining robust [14] - Fidelity International predicts gold prices could reach $4000 per ounce by the end of next year due to expected rate cuts and increased central bank gold holdings [15] - Citigroup forecasts that gold prices may have peaked and could fall below $3000 next year [15]

Market Overview - The US stock market closed lower across all three major indices, with the Dow Jones Industrial Average down by 204.57 points to 44632.99, a decline of 0.46% [1] - The S&P 500 index fell by 18.91 points to 6370.86, a decrease of 0.3% [1] - The Nasdaq Composite index dropped by 80.29 points to 21098.29, reflecting a decline of 0.38% [1] Sector Performance - Most popular tech stocks experienced declines, with Meta Platforms down over 2%, and Intel, Apple, and Tesla each falling more than 1% [3] - AMD saw an increase of over 2% in its stock price [3] - The weight loss drug sector and integrated logistics sector faced significant losses, with Novo Nordisk's stock plummeting over 21% and United Parcel Service down more than 10% [3] Chinese Stocks - The Nasdaq Golden Dragon China Index fell by 1.35%, with major Chinese stocks generally declining [3] - Li Auto's stock dropped over 6%, JD.com fell more than 3%, and Baidu decreased by nearly 3% [3] - Other notable declines included Xpeng Motors, NIO, Alibaba, and iQIYI, each down over 2%, while Miniso saw a rise of over 2% [3] European Market - European stock markets saw collective gains, with the FTSE 100 index closing at 9136.32, up 54.88 points or 0.6% [3] - The CAC 40 index in France rose by 56.48 points to 7857.36, an increase of 0.72% [3] - The DAX 30 index in Germany increased by 247.01 points to 24217.37, reflecting a rise of 1.03% [3]

Core Insights - The logistics cost in China has decreased, with the ratio of social logistics total expenses to GDP dropping to 14% in the first half of the year, showing a decline of 0.1 percentage points from the previous quarter and 0.2 percentage points year-on-year [2][3] Logistics Cost Breakdown - The total social logistics cost reached 9.2 trillion yuan, with transportation costs at 5.2 trillion yuan (up 5.3% year-on-year), storage costs at 2.9 trillion yuan (up 5.0% year-on-year), and management costs at 1.1 trillion yuan (up 2.5% year-on-year) [3] - The decline in logistics costs is attributed to three main factors: policy and infrastructure improvements, logistics and industry collaboration, and digital transformation [3][4] Policy and Infrastructure Improvements - Various policies and measures have been implemented to reduce logistics costs, including the issuance of 12 billion yuan in infrastructure loans (up 67% year-on-year) and the addition of 30 national logistics hubs [3][5] Logistics and Industry Collaboration - From January to June, the order volume for supply chain contracts from large logistics companies increased by 26.0%, and integrated logistics business revenue grew by 16.0%, indicating a shift towards value creation in logistics services [3] Digital Transformation - The logistics sector is leveraging digital technologies to enhance efficiency, with improvements in tracking, route optimization, and reduced average handling times for goods [4][7] Cost Savings and Impact - The total logistics cost savings in the first half of the year exceeded 130 billion yuan, benefiting both consumers and businesses [5] - Initiatives in various provinces, such as the cancellation of fees for shipping locks in Jiangsu, have contributed to these savings [5] Continuous Improvement Potential - The transportation, warehousing, and postal sectors saw a value-added growth of 6.4%, contributing 0.3 percentage points to economic growth [7] - Companies are adopting strategies like establishing collection centers and utilizing AI for sorting to further reduce costs and improve efficiency [7] Future Outlook - Despite some short-term fluctuations in logistics performance, the overall growth rate of social logistics is expected to maintain around 5.5% for the year, supported by ongoing policy efforts and developments in manufacturing and green logistics [8]