Core Insights - The express delivery market in China is experiencing significant growth, with a total of 13.938 billion packages collected from October 21 to November 11, indicating a robust demand for logistics services [1] - The average daily collection during this period reached 634 million packages, which is 117.8% of the regular business volume, highlighting the peak season's impact on operations [1] - A record peak daily volume of 777 million packages was achieved, showcasing the industry's capacity to handle increased demand during busy periods [1] Industry Performance - The express delivery market is expanding, demonstrating its critical role in supporting consumption upgrades and contributing to the growth of the real economy [1]

正值"双11"电商促销节，这几天，快递员康智所在的中国邮政集团有限公司北京市海淀区分公司清华营 业部的快递明显变多。早上7点不到，市趟运输车辆卸完包裹后，康智和10多名同事便忙着分拣、装 车。 为保障邮件快进快出，康智总结出许多经验方法。比如，"派送路线设计六大原则"，让快递小哥少走弯 路、高效送货；"邮件装载十大原则"，最大化利用每寸空间，提升装载率、确保邮件安全。如今，在康 智的带领下，即使在业务旺季，整个站点也忙而不乱。 从广袤乡野到繁华都市，走过"十四五"，我国已建成全球最大的邮政快递网络，物流业市场规模有望连 续10年位居世界第一。截至10月11日，今年我国快递业务量已突破1500亿件，预计全年将达1900亿件。 屡创新高的业务量背后，是数百万名快递小哥的辛勤付出。邮政快递行业在服务经济社会、畅通民生循 环方面发挥了重要作用。如今，快递服务已经成为群众生活不可或缺的一部分。"能为大家带来便利， 我觉得自己的付出很有价值。"康智说。 （文章来源：经济日报） 送快递考验体力，更考验脑力，是一项技术活儿。"旺季时，我们一线快递员人均每天投递包裹400多 件，任何一个环节没做好，都会影响投递效率和客户体验。 ...

Core Insights - The national railway cargo transportation reached 81.66 million tons from November 3 to November 9, showing a month-on-month increase of 3.94% [1] - The overall logistics operation data indicates mixed performance across different transportation modes during the same period [1] Group 1: Railway Transportation - National railway cargo transportation volume was 81.66 million tons, reflecting a month-on-month growth of 3.94% [1] Group 2: Highway Transportation - The number of freight trucks on national highways was 56.38 million, which represents a month-on-month decrease of 2.06% [1] Group 3: Port Operations - The monitored ports completed a cargo throughput of 268.53 million tons, showing a month-on-month decline of 5.34% - Container throughput reached 6.81 million TEUs, with a slight month-on-month increase of 0.58% [1] Group 4: Civil Aviation - Civil aviation supported 118,000 flights, including 5,612 cargo flights (3,771 international and 1,841 domestic), marking a month-on-month decrease of 0.67% [1] Group 5: Postal and Express Services - The volume of postal and express collection was approximately 4.22 billion items, reflecting a month-on-month decrease of 1.42% - The delivery volume was about 4.205 billion items, showing a month-on-month decline of 2.32% [1]

（文章来源：每日经济新闻） 每经AI快讯，11月10日，据交通运输部，11月3日—11月9日，全国物流保通保畅运行数据：国家铁路运 输货物8166万吨，环比增长3.94%；全国高速公路货车通行5638.3万辆，环比下降2.06%；监测港口完成 货物吞吐量26852.7万吨，环比下降5.34%，完成集装箱吞吐量680.9万标箱，环比增长0.58%；民航保障 航班11.8万班（其中货运航班5612班，包括国际货运航班3771班，国内货运航班1841班），环比下降 0.67%；邮政快递揽收量约42.2亿件，环比下降1.42%；投递量约42.05亿件，环比下降2.32%。 ...

Core Viewpoint - The logistics sector in China experienced mixed performance from November 3 to November 9, with some areas showing growth while others faced declines in activity levels [1] Group 1: National Railway and Highway Performance - National railway transportation handled 81.66 million tons of goods, reflecting a month-on-month increase of 3.94% [1] - The number of freight trucks on national highways reached 56.383 million, showing a month-on-month decrease of 2.06% [1] Group 2: Port and Air Cargo Activity - Monitored ports completed a cargo throughput of 268.527 million tons, which is a month-on-month decline of 5.34% [1] - Container throughput at ports reached 6.809 million TEUs, marking a month-on-month increase of 0.58% [1] - Civil aviation supported 118,000 flights, including 5,612 cargo flights, with international cargo flights accounting for 3,771 and domestic cargo flights for 1,841, reflecting a month-on-month decrease of 0.67% [1] Group 3: Postal and Express Delivery - The volume of postal and express delivery collections was approximately 4.22 billion items, showing a month-on-month decrease of 1.42% [1] - The delivery volume was about 4.205 billion items, which represents a month-on-month decline of 2.32% [1]

Core Viewpoint - The logistics industry in China continues to show expansion in October, with the logistics prosperity index at 50.7%, despite a slight month-on-month decline of 0.5 percentage points [1] Group 1: Logistics Industry Performance - The logistics business volume index and new order index remain in the prosperity range, indicating sustained demand expansion [1] - Consumer logistics growth is highlighted as a key area, driven by increased offline and online shopping activities during the National Day and Mid-Autumn Festival [1] - The postal and express delivery business volume index reached 70.5%, reflecting a month-on-month increase of 0.4 percentage points, indicating robust e-commerce activity [1] Group 2: Investment Outlook - Logistics infrastructure investment remains stable, with the fixed asset investment completion index at 55.2%, indicating ongoing expansion [2] - The business activity expectation index stands at 55.3%, remaining above 55% for eight consecutive months, suggesting optimistic outlooks for the year [2] - The expectation for steady growth in logistics demand is anticipated in the fourth quarter, providing support for broader economic goals [2]

Core Insights - The national railway transported 78.562 million tons of goods from October 27 to November 2, reflecting a week-on-week decrease of 0.84% [1] - The total number of freight trucks on national highways was 57.572 million, showing a week-on-week decline of 2.49% [1] - Port cargo throughput reached 280.497 million tons, marking a week-on-week increase of 15.33%, while container throughput was 6.718 million TEUs, up by 13.81% [1] - Civil aviation supported 119,000 flights, including 5,544 cargo flights, with a week-on-week decrease of 2.92% [1] - The volume of postal express collection was approximately 4.281 billion items, down by 6.18%, and delivery volume was about 4.305 billion items, decreasing by 2.18% [1]

Core Insights - The national railway cargo transportation reached 79.224 million tons from October 20 to October 26, showing a week-on-week decrease of 1.37% [1] - The number of freight vehicles on national highways was 59.042 million, reflecting a week-on-week increase of 1.59% [1] - Port cargo throughput was 242.538 million tons, with a week-on-week decline of 5.08%, while container throughput was 5.903 million TEUs, down 8.21% [1] - Civil aviation supported 123,000 flights, including 5,587 cargo flights, with a slight week-on-week increase of 0.13% [1] - The postal and express delivery sector saw approximately 4.563 billion items collected, marking a week-on-week increase of 15.69%, and about 4.401 billion items delivered, up 11.59% [1] Transportation Sector - National railway cargo transportation decreased to 79.224 million tons, a decline of 1.37% compared to the previous week [1] - The number of freight vehicles on highways increased to 59.042 million, representing a growth of 1.59% [1] Port Operations - Port cargo throughput fell to 242.538 million tons, down 5.08% week-on-week [1] - Container throughput decreased to 5.903 million TEUs, reflecting an 8.21% decline [1] Civil Aviation - Civil aviation operations included 123,000 flights, with cargo flights accounting for 5,587, showing a marginal increase of 0.13% [1] Postal and Express Delivery - The collection volume in the postal and express delivery sector reached approximately 4.563 billion items, up 15.69% week-on-week [1] - The delivery volume was about 4.401 billion items, marking an increase of 11.59% [1]

Core Insights - The national railway cargo transportation volume reached 79.224 million tons from October 20 to October 26, reflecting a week-on-week decrease of 1.37% [1] - The number of freight vehicles on national highways was 59.042 million, showing a week-on-week increase of 1.59% [1] - Port cargo throughput was 242.538 million tons, which represents a week-on-week decline of 5.08%, while container throughput was 5.903 million TEUs, down 8.21% week-on-week [1] - Civil aviation supported 123,000 flights, including 5,587 cargo flights, marking a week-on-week increase of 0.13% [1] - The volume of postal express collection was approximately 4.563 billion items, up 15.69% week-on-week, and the delivery volume was about 4.401 billion items, reflecting an 11.59% week-on-week increase [1]

Core Insights - The postal industry in China reported a business revenue of 152.57 billion yuan in September 2023, marking a year-on-year growth of 6.8% [1] - The express delivery business revenue reached 127.37 billion yuan in September, with a year-on-year increase of 7.2% [1] - Cumulatively, from January to September 2023, the postal industry generated a total revenue of 1,313.63 billion yuan, reflecting a growth of 7.7% compared to the same period last year [1] Revenue and Volume Performance - In September, the total volume of postal delivery services reached 18.34 billion pieces, up 11.2% year-on-year, with express delivery volume at 16.88 billion pieces, increasing by 12.7% [1] - For the first nine months, the cumulative delivery volume was 158.26 billion pieces, a 15.0% increase, while express delivery volume totaled 145.08 billion pieces, growing by 17.2% [1] Segment Analysis - The express delivery business accounted for 83.5% of the total postal business revenue in the first nine months [1] - The volume of same-city express deliveries was 11.87 billion pieces, up 4.3%, while intercity express deliveries surged to 130.17 billion pieces, marking an 18.6% increase [1][2] - International and Hong Kong/Macau/Taiwan express deliveries reached 3.04 billion pieces, reflecting a year-on-year growth of 13.7% [1] Regional Performance - In terms of revenue distribution, the eastern region contributed 73.8%, the central region 15.6%, and the western region 10.6% of the total express delivery revenue [6] - The eastern region saw a slight decline in both revenue and volume share compared to the previous year, while the central and western regions experienced increases [6] Market Concentration - The concentration index (CR8) for express and parcel service brands stood at 86.9, remaining stable compared to the previous month [9] Detailed Breakdown by Province - The express delivery revenue for major provinces included Guangdong at 223.48 billion yuan (1.0% growth), Jiangsu at 77.8 billion yuan (7.5% growth), and Zhejiang at 109.57 billion yuan (5.3% growth) [11] - Notably, Hebei province showed significant growth in express delivery revenue at 49.31 billion yuan, with a year-on-year increase of 19.9% [11] City-Level Insights - Shanghai led the express delivery revenue with 195.99 billion yuan, followed by Guangzhou at 68.34 billion yuan and Shenzhen at 46.96 billion yuan [12] - In terms of processing volume, Guangzhou also topped the list with 1,656,335.3 million pieces, indicating a robust logistics network [13]