有关快递行业春节"打烊"与"不打烊"的争议由来已久。春节是中国最重要的消费假期之一，"年货节"更 是各大电商平台的核心营销战场。为了抢占市场份额，电商平台需要物流体系支撑其销售活动。从消费 者来说，已经习惯了便捷、快速的购物体验，对服务的连续性要求越来越高。为迎合这种"永不掉线"的 消费预期，春节"不打烊"也就成为快递公司的习惯性操作。 （来源：工人日报） "取消快递行业春节'不打烊'，让快递员也能安心过年。"1月28日，在甘肃省十四届人大四次会议上， 甘肃省人大代表、省劳动模范章国志提出的这项建议，随即引发网络关注，不少网友赞成让快递员回家 过年，也有网友提出"提高加班补贴"、支持"市场自由调节"等建议。 春节临近，多家电商和快递企业表示，今年春节期间全力保障快件收发需求，服务"不打烊"。多家头部 快递企业在公告中称，提前部署运力、人员和场地，并对部分产品加收"资源调节费"来维持运营。这些 举措都旨在满足春节期间持续的年货寄递和基本消费需求，保障物流网络的连续性。 章国志是甘肃省临夏市韵达快递服务有限公司的快递员，从业13年，派送的包裹超过百万件，始终保持 着零投诉的纪录。当选为甘肃省人大代表后，他结合自身 ...

Core Insights - The overall operation of the transportation economy in 2025 is stable with progress, characterized by growth in transportation production, rapid port throughput growth, and high levels of transportation investment [1] Group 1: Transportation Production - The total operating freight volume is expected to reach 58.7 billion tons in 2025, representing a year-on-year increase of 3.2% [1] - By mode of transport, freight volumes are projected to grow as follows: railways by 2%, highways by 3.4%, waterways by 3.2%, and civil aviation by 13.3% [1] - The express delivery business volume is anticipated to reach 199 billion pieces, marking a year-on-year growth of 13.7% [1] Group 2: Port Throughput - The total port cargo throughput is expected to reach 1.834 billion tons in 2025, reflecting a year-on-year increase of 4.2% [1] - Domestic and foreign trade throughput is projected to grow by 4% and 4.7% respectively [1] - Container throughput is expected to reach 35 million TEUs, with a year-on-year growth of 6.8%, where domestic and foreign trade container throughput is expected to grow by 2.4% and 9.8% respectively [1] Group 3: Cross-Regional Personnel Flow - The cross-regional personnel flow is projected to reach 66.86 billion person-times in 2025, with a year-on-year increase of 3.5% [1] - By mode of transport, railway and civil aviation passenger volumes are expected to grow by 6.7% and 5.5% respectively, while highway personnel flow is projected to increase by 3.3%, and waterway passenger volume is expected to remain stable [1]

Core Insights - In 2025, China's inter-regional personnel flow is expected to reach 66.86 billion trips, a year-on-year increase of 3.5% [1] - The transportation sector is projected to maintain a stable economic operation with steady progress [3] Personnel Flow - Railway and civil aviation passenger volumes are expected to grow by 6.7% and 5.5% respectively, while road personnel flow is projected to increase by 3.3%, and waterway passenger volume is expected to remain stable [1] Freight Volume - The total freight volume in China is anticipated to reach 5.87 billion tons in 2025, reflecting a year-on-year growth of 3.2% [1] - Freight volumes by mode are expected to grow as follows: railway by 2%, road by 3.4%, waterway by 3.2%, and civil aviation by 13.3% [1] - Express delivery volume is projected to reach 199 billion items, marking a year-on-year increase of 13.7% [1] Port Throughput - Port cargo throughput is expected to reach 1.834 billion tons, with a year-on-year growth of 4.2% [1] - Domestic and foreign trade throughput is expected to grow by 4% and 4.7% respectively [1] - Container throughput is projected to reach 35 million TEUs, with a year-on-year increase of 6.8% [1] Investment in Transportation - Transportation fixed asset investment is expected to exceed 3.6 trillion yuan in 2025, with specific allocations of 901.5 billion yuan for railways, over 2.6 trillion yuan for roads and waterways, and 120 billion yuan for civil aviation [2]

Core Viewpoint - The postal and express delivery industry in China is enhancing its services to better meet the needs of rural communities, focusing on building a comprehensive logistics system and improving service quality [2][3]. Group 1: Rural Logistics Development - The establishment of village-level express delivery stations has significantly improved convenience for rural residents, with 460 stations built in Shache County over six years [1]. - The national postal authority aims to increase the proportion of villages with comprehensive logistics service stations to 80% by 2025 [2]. - The new express delivery regulations set to take effect in June 2025 will promote green packaging and standardization in the industry [2]. Group 2: Service Quality and Standards - By 2025, the industry aims for a packaging standardization rate of 86.8% and the recycling of over 1 billion cardboard boxes [2]. - Continuous improvements in service quality are expected to reduce user complaints and enhance the overall customer experience [2][3]. - The postal authority plans to implement a long-term governance mechanism to eliminate illegal charges for mail and package collection in rural areas by 2026 [3]. Group 3: Future Initiatives - The postal authority will conduct special pilot projects in rural areas to improve mail delivery services and ensure compliance from express delivery companies [3]. - Ongoing training and skill enhancement programs for postal workers will be prioritized to support high-quality industry development [3]. - The postal management department emphasizes the importance of meeting the growing demands of the public for convenient and high-quality postal services [3].

Core Insights - The report from Credit Lyonnais indicates that the Chinese industrial sector is experiencing three key driving forces: rising demand for mining equipment, maturation of humanoid robot supply chains, and consolidation in the express delivery industry [1] Group 1: Industrial Sector Dynamics - The equipment replacement cycle is expected to continue, alongside record investments in power grids and renewable energy, which will drive excavator sales growth by approximately 10% [1] - The first-tier suppliers' overseas factories are ready to commence mass production of humanoid robots in the second half of the year [1] - Strong performance and price increases in the lithium-related sector are expected to lead to a year-on-year recovery in automation demand of about 5% [1] Group 2: Preferred Stocks - The company favors firms with stable core businesses or those in recovery that can benefit from emerging driving forces [1] - Preferred stocks include Hengli Hydraulic, Sany Heavy Industry, Sany International, and Jitu Express, with Hengli Hydraulic receiving a "highly confident outperform" rating, while the others are rated as "outperform" [1]

Core Viewpoint - In 2025, China's inter-regional personnel flow is projected to reach 66.86 billion trips, representing a year-on-year growth of 3.5% [1][4]. Group 1: Transportation Economic Operation - The overall operation of the transportation economy in 2025 is stable with progress, characterized by three main features: growth in transportation production, rapid growth in port throughput, and high levels of transportation investment [3]. - The total operating freight volume in 2025 is expected to reach 5.87 billion tons, with a year-on-year increase of 3.2% [3][4]. - Port cargo throughput is projected to be 1.834 billion tons in 2025, reflecting a year-on-year growth of 4.2% [3][4]. Group 2: Freight Volume and Investment - By mode of transport, the freight volume for railways, highways, waterways, and civil aviation is expected to grow by 2%, 3.4%, 3.2%, and 13.3% respectively [3]. - The express delivery business volume is anticipated to reach 199 billion items, marking a year-on-year increase of 13.7% [3]. - Transportation fixed asset investment is projected to exceed 3.6 trillion yuan in 2025, with railway investment at 901.5 billion yuan and highway and waterway investment exceeding 2.6 trillion yuan [4].

中泰证券认为，公路、铁路等交运基础设施是长期配置的核心优选标的，其中头部优质高速公路企业主 业经营具备强稳健性，依托充沛现金流形成高分红的红利资产属性；铁路领域则需重点关注改革深化进 程与转型发展机遇，行业改革将持续驱动板块提质增效。快递行业方面，"反内卷"趋势有效改善价格竞 争格局，申通快递等标的盈利弹性有望充分释放，行业整体竞争态势随政策引导与市场调节持续优化。 交通运输板块具备强抗跌属性，核心支撑清晰可期：依托国民经济刚需底盘，叠加政策持续托底、低估 值高股息构筑安全垫，叠加数字化升级与龙头多元布局强化经营韧性，震荡市中避险与配置价值凸显。 交通运输ETF及其联接基金5/是全市场唯一跟踪中证全指运输指数的ETF基金，其涵盖了A股市场包括 物流、铁路公路、航运港口、机场等，能够充分反映出A股运输行业上市公司的整体表现。 消息面，交通运输部发布数据显示，2025年我国交通运输经济继续保持稳中有进态势。营业性货运量达 到587亿吨，同比增长3.2%。港口货物吞吐量达183.4亿吨，增长4.2%，其中内、外贸分别增长4%和 4.7%。集装箱吞吐量达到3.5亿标箱，同比增长6.8%，内、外贸集装箱分别增长2.4% ...

Core Viewpoint - Jitu Express and SF Express have announced a mutual shareholding agreement worth HKD 8.3 billion, marking the largest strategic cross-shareholding case in China's logistics industry to date. This collaboration aims to build a more extensive and efficient global integrated logistics network to seize growth opportunities in cross-border e-commerce and outbound Chinese enterprises [1][3]. Group 1: Strategic Collaboration - The partnership focuses on creating a long-term stable capital link to support substantial business collaboration, integrating Jitu's advantages in overseas operations with SF's resources in cross-border logistics [3][4]. - This strategic cooperation is expected to lower costs and enhance overall efficiency, providing Chinese outbound enterprises with more reliable and cost-effective cross-border logistics solutions [3][4]. Group 2: Market Position and Performance - Jitu is transitioning from a focus on scale expansion to quality improvement, with a target of achieving 22.07 billion packages in 2025, reflecting an 11.4% year-on-year growth [6][7]. - The company is adopting a "follower" strategy in China, emphasizing customer structure optimization to attract long-term, stable profit clients rather than solely pursuing growth in scale [6][9]. Group 3: Operational Efficiency and Growth - By the end of 2025, Jitu had opened 173 cloud warehouses and increased its automated equipment by 26%, indicating a shift towards technology and operational model enhancement [7]. - Jitu's small parcel business has seen significant growth, with a 50% year-on-year increase in Q3, highlighting its potential as a new growth engine [7][9]. Group 4: Global Expansion - Jitu's operations in Southeast Asia have shown remarkable growth, with a 73.6% year-on-year increase in package volume, reaching 2.44 billion packages in Q4 2025 [9]. - The strategic partnership with SF Express is expected to create a robust business structure that enhances Jitu's competitive barriers and supports its long-term global development [9].

（来源：湖州日报） 转自：湖州日报 吴兴高新区一快递企业员工近日在进行免费体检。该高新区开展为新就业形态劳动者送体检活动，科学 制定肝肾功能、血糖血脂等10余项免费体检项目，守护从业者身体健康。 记者 伊凡 摄 ...

Group 1 - The core viewpoint of the news is the issuance of the "2026 Spring Festival Delivery Service Guarantee Work Plan" by the State Post Bureau, which emphasizes the need to balance public delivery demands with the protection of courier rights during the Spring Festival period [1][2] Group 2 - The work plan highlights the importance of ensuring couriers' legal rights, including rest and vacation during the Spring Festival, timely payment of wages, and establishing a mechanism for reflecting couriers' demands [1] - Postal and express companies are required to implement staggered holidays and adjustments based on business volume and individual courier preferences, prohibiting forced on-duty requirements during the holiday [1] - Companies must ensure timely payment of labor remuneration to couriers, eliminating wage and fee arrears, and providing adequate support for those working during the holiday, including meals, accommodation, and medical services [1] Group 3 - The work plan also stresses the need to ensure delivery services for purchasing New Year goods before the Spring Festival and to meet basic delivery service demands during the holiday [2] - Postal and express companies are instructed to focus on the public's needs for New Year goods, ensuring timely collection and delivery services as agreed [2] - China Post Group is tasked with maintaining universal postal services, while express companies must accurately predict business volume changes and develop reasonable operational plans for the holiday [2]