Core Insights - The total social logistics volume in China reached 263.2 trillion yuan in the first three quarters, showing a year-on-year growth of 5.4%, although the growth rate has slightly decreased by 0.3 percentage points compared to the first half of the year [1] - The logistics demand growth rate remained above 5% across all three quarters, indicating a stable and positive development trend in logistics operations [1] Logistics Demand Growth - The logistics demand is characterized by a solid foundation in industrial logistics, a rebound in international logistics, and strong growth in high-end and green logistics [2] - The total logistics volume for industrial products grew by 5.6% year-on-year, contributing 81% to the overall growth of social logistics [2] - The logistics volume related to units and residents increased by 6.6% year-on-year, with a notable acceleration to 8.0% in the third quarter [2] Emerging Consumption Trends - Online consumption logistics demand has accelerated, particularly in categories such as cold chain fresh food, home appliances, and beauty products [3] - The logistics volume for recycled resources grew by 15% year-on-year, indicating a robust demand in the circular economy sector [3] - The demand for green logistics is rapidly increasing, driven by low-carbon and high-end manufacturing sectors [3] Logistics Supply Expansion - The total revenue of the logistics industry reached 10.5 trillion yuan in the first three quarters, with a year-on-year growth of 4.7% [4] - The logistics industry’s prosperity index averaged 50.6, with a notable increase to 51.2 in September, indicating active logistics activities [4] - The logistics supply system is becoming more efficient, with steady growth in various transportation sectors, particularly in air logistics [4] Resilience of Logistics Enterprises - Key logistics enterprises reported a 4.5% year-on-year growth in logistics business revenue, reflecting improved operational activity [5] - The cost per hundred yuan of revenue decreased to 95.5 yuan, leading to a slight improvement in profit margins [5] - The logistics sector is expected to stabilize and recover in the fourth quarter, supported by traditional peak seasons and government policies aimed at enhancing logistics efficiency [5]

Core Insights - The logistics industry in China is experiencing a steady improvement, with the logistics prosperity index reaching a six-month high of 51.2% in September, an increase of 0.3 percentage points from the previous month [1] - The demand for logistics services is growing steadily, driven by consumer spending in sectors such as tourism and e-commerce, particularly during the back-to-school and travel seasons [1][2] - The third quarter shows a cumulative recovery of 0.4 percentage points in the logistics prosperity index, indicating a stabilization and improvement in business vitality [3] Logistics Demand - There is a positive growth trend in logistics demand across various sectors, including energy transportation, electronic components, pharmaceuticals, communication equipment, and durable consumer goods [2] - The air logistics sector is witnessing rapid growth, with high bellyhold utilization rates [2] Business Activity and Pricing - The logistics service price index, workforce index, and main business profit index have all shown continuous recovery, with the logistics service price index increasing by 0.9 percentage points in the third quarter [3] - The demand for personnel in the logistics sector has increased, particularly in water transportation, air transportation, and multimodal transport [3] Future Outlook - The average business activity expectation index for the third quarter is at 56%, indicating an expansionary trend [4] - The implementation of policies aimed at stabilizing employment, businesses, markets, and expectations is expected to support the continued stable operation of the logistics sector [4]

"居民消费物流和产业物流需求平稳增长，行业物流平稳回升。"胡焓表示，开学季和旅游季联动，民生 消费物流较快回升，网络购物和居民消费旺季更旺，冷链鲜食、家电3C、旅游户外、美妆服装等网购 品类保持较高热度。邮政快递业业务总量指数为70.1%，远高于全行业水平。能源运输、电子元器件、 医药化工、通信设备、家居家电耐用消费品等行业物流需求向好，带动铁公水和航空物流业务量增长。 铁路运输业、道路运输业业务总量指数环比分别回升0.1和0.2个百分点。 数据显示，三季度物流服务价格指数累计回升0.9个百分点，道路运输业和水上运输业服务价格指数保 持回升，在一定程度上有效改善前期低迷状况。 "从后期来看，三季度业务活动预期指数均值为56%，总体处在扩张区间。随着政府稳就业、稳企业、 稳市场、稳预期等政策的实施，物流将继续保持平稳运行态势。"胡焓说。 中国物流与采购联合会日前发布数据显示，9月份中国物流业景气指数为51.2%，环比回升0.3个百分 点，连续7个月保持景气区间运行。 "9月份，供应链上下游产供销有效衔接，物流需求增长平稳，服务价格总体稳中有升，企业经营内生动 力较好。"中国物流信息中心副总经济师胡焓表示，从连续 ...

综合三季度来看，物流业景气指数累计回升0.4个百分点，从业人员指数、主营业务利润指数均连续回 升，物流活跃度进一步增强，企业经营活力趋稳向好。 从分项指数看，新订单指数加速扩张。铁路运输业、道路运输业、航空运输业、多式联运领域新订单指 数，环比回升均超过0.5个百分点。民生消费物流增长较快，冷链鲜食、旅游户外、服装等网购品类保 持较高热度。9月份邮政快递业业务总量指数为70.1%，远高于全行业水平。产业物流方面，能源运 输、通信设备、家居家电耐用消费品等行业物流需求进一步向好，带动物流业务量平稳增长。 央视网消息（新闻联播）：中国物流与采购联合会今天（10月11日）公布，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，为4月份以来的新高。 ...