（文章来源：经济日报） 自2018年成立以来，霍尔果斯丝路荣腾物流有限公司立足毗邻口岸优势，聚焦跨境商贸物流，现已形成 外贸综合服务、口岸国际货运代理、多式联运物流等多项业务共同发展的格局。 置身丝路荣腾跨境综合物流园，大而有序是这里给人留下的深刻印象。占地超20万平方米的园区，划分 出标准库房、理货平台、设备堆场等多个功能区。各功能区协同运转，确保货品从抵达、分拣到出库全 流程环环相扣。 面对日益增长的物流需求，丝路荣腾积极推进数智化转型。公司安全主管朱天洋说，公司自主研发的智 能报关系统能对大多数货物的信息进行自动采集申报。库房内安装的400多个摄像头实现无死角监控， 对货物堆放不合理等异常行为，或是库房温度过高等火灾隐患，能够快速识别并发出预警。智能化既提 高了效率，又筑牢了安全防线。 当清晨的新疆霍尔果斯口岸还被晨雾笼罩时，一列列满载货物的中欧班列已拉响汽笛，准备开往欧洲大 陆。同时，在距离口岸约3公里的丝路荣腾跨境综合物流园内，叉车往来穿梭，工人们正对货物进行细 致分拣，吊臂旋转移动，将分拣好的货物码放在集装箱内。这是霍尔果斯丝路荣腾物流有限公司的日常 作业场景。 "公司成立以来只做一件事，就是致力 ...

安保与风险管理企业国际联盟理事长殷卫红称，该联盟将协调联盟成员发挥积极作用，助力协作中心开 展畅通高效的联络工作。据了解，安保与风险管理企业国际联盟简称"澳门联盟"，是唯一一家由中国民 营企业发起成立的安保行业非政府国际组织。 中新社重庆9月29日电 (刘心羽)重庆跨境物流安全协作中心29日在渝成立。该中心由渝新欧(重庆)供应 链管理有限公司、中国太平洋财产保险股份有限公司重庆分公司等多部门共建，主要负责中欧班列(渝 新欧)境外段有组织犯罪活动的综合治理、联防联控、协调处置工作。 活动中，协作中心各共建部门签署《重庆跨境物流安全协作中心共建协议》，该协作中心自2025年5月 启动筹备工作以来，目前已推动查获部分失窃货物、犯罪嫌疑人被依法羁押等中欧班列跨境安全处置工 作。 渝新欧(重庆)供应链管理有限公司总经理刘太平表示，未来该中心将加快构建起"事前防范、事中监控 处置、事后救济"的全方位安全保障体系，努力形成可复制、可推广的跨境物流安全解决方案。 中国太平洋财产保险股份有限公司重庆分公司总经理汪长毓介绍，中国太平洋财产保险股份有限公司已 累计为4.2万笔中欧班列订单提供超6282亿元(人民币，下同)的风险保障 ...

北京时间9月25日17时29分，"义乌—马德里"浙江中欧班列在白俄罗斯布列斯特口岸完成整列换装后，再次鸣响汽笛，驶向波兰边境小镇马拉舍维奇（以 下简称"马拉"）。 这是波白（波兰、白俄罗斯）边境口岸重新开放通行后，恢复开行的首趟"义新欧"欧洲方向班列。约12个小时前，波白边境路障才刚刚被波兰边防人员移 除。此前，因俄罗斯与白俄罗斯举行大规模联合军演，波兰曾于当地时间9月12日凌晨将波白之间的公路和铁路口岸全部关闭。 有货代公司向《每日经济新闻》记者（以下简称"每经记者"）透露，波白边境口岸关闭的13天里，有约350列中欧班列被阻隔在口岸两边。保守估计，以 马拉口岸的处理能力，途经马拉前往欧洲的中欧班列至少需要三到四周才能恢复正常运行状态。 眼下，乌云散去，一切正有条不紊地重启中。外贸人期待中欧班列尽快回到正轨，也期待着能选择更多运输路线和运输方式，以穿越不时掀起的波澜。 突发：波白口岸关闭13天 300列已发班列滞留 北京时间9月25日18时，"义新欧"班列鸣笛驶向马拉半小时后，在距离波兰约8000公里外的深圳，中欧班列国际物流（广州）有限公司的负责人贝利在朋 友圈重新打起了广告： "波兰马拉口岸今日运行，欢 ...

Core Insights - iMile, founded by Huang Zhen, focuses on solving last-mile delivery challenges in emerging markets, particularly in the Middle East and Latin America, by adapting to local needs rather than replicating Chinese logistics models [1][2][4] Group 1: Company Overview - iMile was established in 2017 to address logistics issues in the Middle East, where e-commerce was growing but logistics services were lacking [2][4] - The company has expanded its operations to 30 countries, including Mexico, Brazil, Australia, and New Zealand, by employing a "70%+30%" methodology for market adaptation [2][4][5] - iMile emphasizes a technology-driven approach, investing heavily in system development and efficiency rather than heavy asset investment [5][6] Group 2: Market Strategy - The "70%" refers to the systems and processes that can be directly transferred from the Middle East, while the "30%" involves building local teams and understanding cultural nuances [3][4] - In Mexico, iMile deployed a seasoned team from the Middle East to establish a local delivery network, which has been replicated in other markets [4][5] - The company aims to cover 100 countries in the next five years, focusing on technology and localization while ensuring market conditions are favorable [9] Group 3: Technological Innovation - iMile has developed a proprietary "smart logistics" algorithm that enhances delivery efficiency by utilizing real-time data and predictive analytics [5][6] - The algorithm allows for dynamic route adjustments based on traffic conditions and delivery requirements, significantly improving operational efficiency [6] - iMile's technology has led to a 99.5% daily delivery success rate in Australia and New Zealand, showcasing the effectiveness of its systems [6] Group 4: Industry Challenges - The logistics industry faces significant challenges in emerging markets, including inadequate infrastructure, a lack of localized talent, and increasing competition [8][9] - iMile addresses the talent gap by training employees in both logistics and IT, ensuring a well-rounded understanding of the operational landscape [8] - The company recognizes that the next 3-5 years will be critical for survival in the competitive landscape, emphasizing the need for robust systems and local resources [9]

Core Viewpoint - China National Freight Forwarding experienced a significant drop of 6.98% in stock price on September 29, with a trading volume of 5.08 billion yuan and a market capitalization of 47.487 billion yuan [1] Business Overview - The company's main business segments include professional logistics, agency and related services, and e-commerce, operating through four divisions: freight forwarding, logistics, warehousing, and terminal services [2][3] - The revenue composition of the company is as follows: agency and related services 63.60%, professional logistics 26.46%, and e-commerce 9.94% [7] Dividend Information - The company's dividend yields over the past three years were 5.21%, 5.53%, and 5.42% [3] - Since its A-share listing, the company has distributed a total of 9.719 billion yuan in dividends, with 5.657 billion yuan distributed in the last three years [8] Financial Performance - For the first half of 2025, the company reported a revenue of 50.523 billion yuan, a year-on-year decrease of 10.37%, while the net profit attributable to shareholders was 1.947 billion yuan, showing a slight increase of 0.10% year-on-year [7][8] Shareholder Information - As of June 30, 2025, the number of shareholders was 50,500, an increase of 5.04% from the previous period, with an average of 104,337 circulating shares per person, a decrease of 4.81% [7] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and E Fund Stable Income Bond A, with notable reductions in holdings [8]

Group 1 - The meeting focused on enhancing customs cooperation between China and ASEAN, emphasizing the importance of the international land-sea trade corridor amid complex global trade dynamics [1][3] - China has maintained its position as ASEAN's largest trading partner for 16 consecutive years, with ASEAN being China's largest trading partner for the past 5 years. In the first eight months of this year, trade between China and ASEAN reached 4.93 trillion yuan, a year-on-year increase of 9.7% [1] - The meeting highlighted various successful initiatives by customs representatives, such as the "smart customs" platform with 145 participating countries, and the introduction of logistics models that reduce cross-border costs [2] Group 2 - Discussions included improving customs clearance for cross-border rail and road transport, and enhancing the efficiency of the "ASEAN Express" and digital land-sea corridor construction [3] - The meeting decided to strengthen international cooperation on the land-sea trade corridor, optimize customs processes, and ensure the stable operation of international rail transport between China, Laos, and Thailand [3] - There is a commitment to explore the optimization of customs procedures to facilitate efficient cross-border rail transport and expand the coverage of customs liaison coordinators for timely updates on trade corridor conditions [3]

Core Points - Poland has closed all border crossings with Belarus, disrupting the main route of the China-Europe Railway Express, which is crucial for trade between China and Europe [1] - The closure is a response to security concerns following the incursion of drones from Belarus and Russia into Polish airspace [1] - The disruption threatens a trade value of €25 billion, with warnings from the EU-China Chamber of Commerce about potential inflation and business bankruptcies in Poland and the EU [1] Trade Impact - The China-Europe Railway Express has become a pillar of trade, accounting for approximately 90% of the total rail freight volume between China and Europe [1] - In 2024, the freight volume on this route is expected to grow by 10.6%, with a significant increase in value by 85%, reaching around €25.07 billion (approximately $27 billion) [1] - The railway now represents 3.7% of total China-Europe trade, up from 2.1% the previous year, with around 60% of goods being electronic products, machinery, lithium batteries, and electric vehicles [1] Logistics and Alternatives - The disruption has forced shippers to reconsider their logistics, with many opting for ocean routes, which, while reducing unit costs, double the transportation time [2] - For time-sensitive goods, traders are increasing freight costs to air transport, incurring significant premiums to ensure timely delivery [2] - The situation highlights the importance of diversifying transportation routes to mitigate risks associated with reliance on a single pathway [2]

21世纪经济报道记者 王俊 新疆报道 每个周四，喀什的色力布亚活畜市场都热闹非凡。来自周边乡镇的村民、远至和田、库尔勒、乃至全国 的客商汇聚于此进行牛、羊、马、驴的活畜交易，日均高达五千至七千人次。 这是南疆最大的活畜交易集散地，如同一个强大的心脏，有力地吞吐着来自全国各地的活畜交易，日交 易额能达到一千五百万。 市场的入口处，有一群特别的人，虽不兜售商品，但一"出摊"就会被团团围住。他们是来自巴楚县琼库 尔恰克人民法庭等四个法庭的法官，轮流来色力布亚活畜市场答疑解惑、处理纠纷案件。 在喀什，每个地、市、县、乡都有不同的特点，巴楚的活畜市场，伽师的新梅、蜜瓜市场，莎车的巴旦 姆产业，以及新设立的自贸片区。法院在巴扎古城、田间地头、葡萄架下，组一个法治摊位、设一个法 治小院，细密地处理着各种纠纷。 法治不再是纸面上的宏大叙事，而在一场场纠纷调解、一次次法律咨询中，变得鲜活而具体。 巴扎中的普法解纷 9月18日的中午13点，热比姑丽·达吾提和买尔旦·依明拿着国通语和维语的民法典小册子，在色力布亚活 畜市场入口处被前来咨询的村民围住。 （原标题：当牛马嘶鸣成为背景音：新疆巴扎里的"法治摊位"正进行） 巴楚往西的伽师 ...

Core Insights - The transportation industry in China is experiencing mixed performance, with the SCFI and CCFI indices showing significant year-on-year declines, indicating ongoing challenges in the shipping sector [1][4] - The aviation sector is seeing a recovery in capacity, with major airlines reporting domestic ASK recovery rates exceeding 100% compared to 2019 levels, suggesting a rebound in air travel demand [2][6] - The logistics and express delivery sectors are benefiting from the growth of e-commerce, with significant increases in business volume and revenue reported [6][8] Transportation Industry Overview - As of September 19, 2025, the SCFI index is at 1198 points, down 14.30% week-on-week and 49.36% year-on-year, while the CCFI index is at 1120 points, down 0.45% week-on-week and 35.70% year-on-year [1][4] - The transportation sector's performance from September 15 to September 20 shows a cumulative increase of 0.38%, ranking 13th among 31 SW primary industries, while the CSI 300 index decreased by 0.44% [2] Subsector Performance - The sub-sectors within transportation show varied performance: - Road freight increased by 6.73% - Cross-border logistics up by 3.63% - Shipping up by 1.31% - Airport operations up by 0.95% - Express delivery up by 0.81% - Ports up by 0.23% - Public transport down by 0.39% - Warehousing down by 1.08% - Rail down by 1.41% - Highways down by 2.67% [2] Aviation Sector Insights - In August 2025, major listed airlines in China reported domestic ASK recovery rates compared to 2019: Air China at 160.34%, China Southern at 128.19%, and Spring Airlines at 184.73% [2][6] - International and regional ASK recovery rates also varied, with some airlines showing recovery rates above 100% [2] Oil and Currency Trends - As of September 19, 2025, Brent crude oil prices are at $66.04 per barrel, down 1.42% week-on-week and down 10.77% year-on-year [3] - The exchange rate of the Chinese Yuan against the US Dollar is 7.1128, reflecting a depreciation of 0.15% week-on-week and 0.85% year-on-year [3] Logistics and Express Delivery - The express delivery sector reported revenues of 1189.60 billion Yuan in August 2025, a year-on-year increase of 4.20%, with business volume reaching 161.50 billion pieces, up 12.30% [6][8] - The logistics sector is expected to benefit from the growth of cross-border e-commerce, with a focus on enhancing competitiveness among leading express companies [8] Investment Recommendations - The aviation sector is expected to see improved profitability due to increased demand and favorable pricing conditions, with recommendations to invest in companies like Air China and China Southern Airlines [6] - The airport sector is advised to be approached cautiously, with potential for growth driven by international passenger recovery and macroeconomic improvements [7] - The cross-border logistics sector is positioned for growth, driven by the expansion of cross-border e-commerce [8]

Core Viewpoint - The globalization narrative of Chinese companies is evolving from merely exporting products to offering culturally rich experiences and identities, as discussed in the recent forum on "Chinese Brand Culture Going Global" hosted by 36Kr [1] Group 1: Industry Trends - Chinese companies are shifting from a focus on price and supply chain efficiency to emphasizing cultural narratives and consumer experiences in their global strategies [1] - The forum highlighted the importance of capital, branding, infrastructure, and AI in navigating the new landscape of globalization [4] Group 2: Company Strategies - Voice AI company, Voice Intelligence, is expanding its product line to include AI hardware such as headphones and hearing aids, achieving significant sales milestones with over 100,000 units sold in the first month of launch [5][6] - Pet lifestyle brand VETRESKA has been strategically pivoting towards international markets since 2019, establishing offices in Singapore and Japan to enhance its overseas presence [8][9] - CMC Capital emphasizes the long-term nature of consumer demand and the need for companies to adapt their strategies to local markets, particularly in the context of cultural and operational differences [10][11] Group 3: Market Insights - The logistics sector is crucial for successful market entry, as demonstrated by the experiences of logistics company Able Logistics in Southeast Asia, which has built a comprehensive logistics network to support e-commerce growth [13][14] - Companies are advised to understand local cultural and infrastructural differences when entering Southeast Asian markets, as these factors significantly impact operational success [16][18] Group 4: Investment Perspectives - CMC Capital is focusing on investing in companies with strong organizational capabilities and is actively looking for opportunities in the overseas market [12][19] - The investment strategy includes supporting companies in their international expansion efforts, particularly those that can leverage local insights and adapt to consumer preferences [20][21] Group 5: Challenges and Opportunities - Companies face challenges in balancing cost, speed, and safety in logistics, particularly in the context of fluctuating tariffs and regulations in international markets [15][18] - The discussion highlighted the need for companies to build strong local partnerships to navigate the complexities of international expansion effectively [19][35]