9月份中国物流业景气指数为51.2%，较上月上升0.3个百分点。从分项指数看，物流业务总需求保持扩 张，新订单指数在扩张区间内加速扩张。铁路运输业、道路运输业、航空运输业、多式联运领域和邮政 快递业新订单指数，环比回升均超过0.5个百分点。 资讯编辑：沈一冰 021-26093395 中国物流与采购联合会11日公布9月份中国物流业景气指数。9月份供应链上下游产供销有效衔接，物流 需求增长平稳，物流业景气水平继续提升。 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel 所有，转载需取得Mysteel书面授权，且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进 行追究的权利。转载内容来源于网络，目的在于传递更多信息，方便学习与交流，并不代表Mysteel赞 同其观点及对其真实性、完整性负责。 ...

Company Overview - Stella-Jones Inc. has announced the acquisition of Locweld Inc., a designer and manufacturer of lattice transmission towers and steel poles, with the deal expected to close today [1][3]. - Locweld, based in Candiac, Quebec, has over 75 years of experience and employs approximately 220 people [2]. Strategic Implications - The acquisition allows Stella-Jones to enter the approximately $5 billion steel transmission structure market, enhancing its current utility poles business and creating new growth opportunities [3]. - The CEO of Stella-Jones emphasized that this strategic move will leverage the company's extensive sales and distribution network to better serve customers and expand its market reach [3]. Financial Details - The acquisition price is set at $58 million on a cash-free, debt-free basis, with potential additional performance-based payments of up to $7 million contingent on achieving specific milestones [5]. - Stella-Jones plans to invest approximately $15 million in capital expenditures to increase Locweld's output and optimize operational efficiencies [5]. - Locweld reported sales of approximately $55 million for the year ending September 30, 2024 [5]. Management Transition - Following the acquisition, Michael Cyr, the CEO of Locweld, will step down, while key management members will remain to support the business [5].

Core Insights - The "May Day" holiday travel demand is significantly increasing, with the National Railway Group expecting to transport 144 million passengers from April 29 to May 6, representing a year-on-year growth of 4.9% [1] - To accommodate the surge in passenger flow, the National Railway Group plans to operate over 12,000 passenger trains daily and enhance capacity through train doubling and night high-speed trains [1] - There is a notable shift in travel patterns, with over 80% of accommodation bookings being for intercity stays, indicating a trend towards longer travel distances [1] Group 1: Travel Trends - Short-distance travel is characterized by a "lightweight" and "experiential" approach, with increased demand for nearby cities reachable within 1-2 hours by high-speed rail [7] - The popularity of unique travel routes and themed trains is rising, with a 53.6% increase in planned tourist trains to Xinjiang compared to April [5] - The growth in cross-border travel is remarkable, with a nearly fivefold increase in tourists engaging in cross-border trips during the holiday [10] Group 2: Travel Services and Recommendations - Travelers are advised to prepare for longer wait times at stations due to increased passenger flow, and to arrive earlier to avoid missing trains [12] - The ticket sales for trains are robust, with travelers encouraged to use the 12306 platform for ticket reservations and to submit backup orders if tickets are sold out [14] - For cross-border travel, it is essential to carry valid identification and travel documents, with specific guidelines for traveling to Hong Kong and Southeast Asian countries [15][17]

Core Insights - The tourism market during the "May Day" holiday in 2025 is experiencing a significant increase in activity, with the National Railway Group expecting to transport 144 million passengers over the 8-day period, representing a year-on-year growth of 4.9% [1] - To accommodate the peak travel demand, the National Railway Group plans to operate an average of over 12,000 passenger trains daily, utilizing measures such as train doubling and night high-speed trains to enhance capacity [1] - Data from Ctrip indicates that the distance of travel for tourists has notably extended, with over 80% of accommodation bookings being for intercity stays during the "May Day" period [1] - Tuniu's data shows a remarkable increase in group booking numbers, with a 220% week-on-week growth in reservations for the "May Day" holiday [1]

Core Insights - Jiangsu Railway has achieved a significant milestone by sending over 100 million passengers as of April 28, 2023, marking a 6% year-on-year increase and becoming the first province in the Yangtze River Delta to reach this figure this year [1][3] Group 1: Passenger Volume and Growth - The railway system in Jiangsu saw a rapid increase in passenger volume, breaking the 1 million mark five days earlier than last year, with key milestones reached on January 13 (10 million), March 3 (50 million), and April 28 (100 million) [3] - During the Spring Festival travel period from January 14 to February 22, Jiangsu Railway transported 33.03 million passengers, averaging 826,000 passengers per day, which is an 8.88% increase year-on-year and the highest in history for this period [3] - The Spring outing period from March 14 to April 14 also showed strong performance, with 30.5 million passengers transported, including a record peak of 1.58 million on April 6 during the Qingming Festival [3] Group 2: Regional Distribution - The southern region of Jiangsu remains the primary area for railway passenger transport, with seven out of the top ten busiest stations located there, including Nanjing South Station, which has sent 20.03 million passengers, accounting for 20% of the province's total [4] - Stations in central and northern Jiangsu, as well as newly opened lines, are experiencing rapid growth, with some stations seeing passenger growth rates exceeding 50% [4] Group 3: Upcoming Travel Period - The upcoming May Day holiday from April 29 to May 6 is expected to see record passenger numbers, with projections of 10 million travelers, making it the busiest May Day in history for Jiangsu Railway [4] - The railway department plans to add extra trains during the holiday period and advises travelers to check the railway 12306 website or app for train schedules and ticket availability [4]