Core Viewpoint - The logistics sector in China has shown steady growth in the first ten months of the year, with a total social logistics volume reaching 293.7 trillion yuan, driven significantly by high-end and green manufacturing [1] Logistics Demand and Structure - The total social logistics volume from January to October was 293.7 trillion yuan, representing a year-on-year growth of 5.1% [1] - The logistics volume of industrial products grew by 5.3%, accounting for 88% of the total social logistics volume, with strong growth driven by equipment manufacturing and high-end manufacturing [1] - Logistics for units and residential goods continued to grow rapidly, with a year-on-year increase of 6.4%, and online consumption logistics remained active, particularly in new business models like instant retail and live e-commerce [1] - The logistics demand for the new energy industry chain saw significant growth, with logistics volumes for new energy vehicles and lithium-ion batteries increasing by 19.3% and 30.4%, respectively, in October [1] Logistics Efficiency and Revenue - The logistics operation efficiency has steadily improved, with the total revenue of the logistics industry reaching 11.8 trillion yuan, a year-on-year increase of 4.5% [3] - Key logistics enterprises maintained stable profitability, with logistics business revenue growing by 4.4% year-on-year, and cost control measures leading to a slight decrease in costs per hundred yuan of logistics revenue [8] Transportation Structure Optimization - The transportation logistics structure is continuously being optimized, with a shift towards rail and water transport for long-distance goods such as grain, cotton, photovoltaic products, and chemicals [4] - The rail-water intermodal transport has expanded, with 14.258 million standard containers sent via rail-water intermodal transport from January to October, marking a year-on-year increase of 16.2% [4] International Logistics Growth - Emerging markets have become a major growth point in international logistics, with air cargo transport volume increasing by over 20% in October, driven by cross-border e-commerce and high-end manufacturing [5] - The number of China-Europe and Central Asia trains operated reached 28,000, a year-on-year increase of 7.8%, while port container throughput grew by 6.4% [5]

Core Insights - The logistics sector in China has shown steady progress in the first ten months of the year, with a total social logistics volume reaching 293.7 trillion yuan, reflecting a significant impact from high-end and green manufacturing [1][2]. Group 1: Logistics Demand and Structure - The total social logistics volume for January to October was 293.7 trillion yuan, marking a year-on-year growth of 5.1% [2]. - The logistics volume of industrial products grew by 5.3%, accounting for 88% of the total social logistics volume, with strong growth driven by equipment manufacturing and high-end manufacturing sectors [2]. - The logistics volume for units and residents' goods increased by 6.4%, with a slight rise in its proportion [2]. - Online consumption logistics remained active, with new business models like instant retail and live-streaming e-commerce experiencing double-digit growth [2]. - The logistics demand from the new energy industry continued to grow rapidly, with logistics volumes for new energy vehicles and lithium-ion batteries increasing by 19.3% and 30.4%, respectively [2]. - The recycling logistics demand for renewable resources has also seen stable growth, particularly for waste steel, non-ferrous metals, and plastics [2]. Group 2: Logistics Efficiency and Revenue - The logistics operation efficiency has steadily improved, with a notable enhancement in the coordination between logistics supply growth and efficiency [3]. - The total revenue of the logistics industry reached 11.8 trillion yuan, reflecting a year-on-year increase of 4.5% [4]. - The structure of transportation logistics is continuously being optimized, with a shift towards rail and water transport for long-distance goods like grain and chemicals [4]. - The international logistics sector has seen emerging markets become key growth points, with air cargo transport volume increasing by over 20% in October [4]. - The number of China-Europe and China-Central Asia freight trains increased by 7.8%, with port container throughput growing by 6.4% [4]. Group 3: Profitability of Key Logistics Enterprises - Key logistics enterprises have maintained stable profitability, with revenue from logistics business growing by 4.4% year-on-year [6]. - The cost of logistics services per hundred yuan of revenue decreased to 95.8 yuan, indicating improved cost control [6]. - The profit margin remained stable at 3.3%, with large enterprises experiencing revenue growth rates between 5% and 6%, while small and medium-sized enterprises saw growth rates below 3% [6].

Group 1 - The national railway has achieved a record high in cargo transportation, sending 3.378 billion tons from January to October, a year-on-year increase of 3% [1] - Daily loading averages 186,000 cars, reflecting a 4% increase year-on-year, supporting lower logistics costs and stable economic operations [1] - The railway sector is optimizing product supply by developing intercity express trains, bulk direct trains, specialized logistics, and cold chain logistics to meet diverse transportation needs [1] Group 2 - The railway has completed the transportation of 1,425.8 million standard containers through intermodal rail-water transport, marking a 16.2% year-on-year increase [1] - Cross-border cargo transport remains stable, with 28,000 China-Europe (Asia) trains operated, a 7.8% increase year-on-year, and 4.52 million tons of goods sent via the China-Laos railway, a 14% increase [1] - The Western Land-Sea New Corridor has sent 1.2 million standard containers, a significant 64% increase year-on-year, enhancing international trade [1] Group 3 - The railway sector has effectively ensured the transportation of key materials, including construction materials and smelting goods, by organizing the transport of essential goods like grain from Northeast China and coal from Xinjiang [2] - A green channel has been established to ensure efficient delivery, with coal transportation reaching 1.732 billion tons, including 1.178 billion tons of electricity coal [2] - The transportation of smelting materials and grain has seen year-on-year increases of 9.1% and 13.8%, respectively [2]

《 人民日报 》（ 2025年11月24日 01 版） 本报北京11月23日电 （记者李心萍）记者从中国国家铁路集团有限公司获悉：今年前10月，国家铁路 累计发送货物33.78亿吨，同比增长3%，创历史同期新高；日均装车18.6万车，同比增长4%，为降低全 社会物流成本、保障国民经济平稳运行提供了有力支撑。 (责编：卫嘉、白宇) 产品供给不断优化。1至10月，国家铁路累计发送铁水联运集装箱货物1425.8万标准箱，同比增长 16.2%，铁水联运"一单制"物流产品累计订舱3万标准箱。 跨境货物运输稳定畅通。1至10月，中欧（亚）班列累计开行2.8万列，同比增长7.8%。中老铁路跨境货 物列车累计发送货物452万吨，同比增长14%；西部陆海新通道班列累计发送集装箱120万标准箱，同比 增长64%。 重点物资运输保障有力。1至10月，国家铁路完成煤炭运量17.32亿吨，其中电煤运量11.78亿吨，冶炼物 资、粮食发送量同比分别增长9.1%、13.8%。 ...

跨境货物运输稳定畅通。1至10月，中欧（亚）班列累计开行2.8万列，同比增长7.8%。中老铁路跨境货 物列车累计发送货物452万吨，同比增长14%；西部陆海新通道班列累计发送集装箱120万标准箱，同比 增长64%。 重点物资运输保障有力。1至10月，国家铁路完成煤炭运量17.32亿吨，其中电煤运量11.78亿吨，冶炼物 资、粮食发送量同比分别增长9.1%、13.8%。 （文章来源：人民日报） 本报北京11月23日电 （记者李心萍）记者从中国国家铁路集团有限公司获悉：今年前10月，国家铁路 累计发送货物33.78亿吨，同比增长3%，创历史同期新高；日均装车18.6万车，同比增长4%，为降低全 社会物流成本、保障国民经济平稳运行提供了有力支撑。 产品供给不断优化。1至10月，国家铁路累计发送铁水联运集装箱货物1425.8万标准箱，同比增长 16.2%，铁水联运"一单制"物流产品累计订舱3万标准箱。 ...

重点物资运输开辟绿色通道。1至10月，国家铁路完成煤炭运量17.32亿吨，其中电煤运量11.78亿吨，冶炼物资、粮食发送量同比分别增长9.1%、13.8%，助 力经济平稳运行。1至10月，铁水联运"一单制"物流产品累计订舱3万标箱，国家铁路累计发送铁水联运集装箱货物1425.8万标箱，同比增长16.2%，有效降 低全社会物流成本。 央视网消息（新闻联播）：记者从国铁集团获悉，今年1至10月，国家铁路累计发送货物33.78亿吨，同比增长3%，创历史同期新高。 跨境货物运输增幅明显。1至10月，中欧、中亚班列累计开行2.8万列，同比增长7.8%；西部陆海新通道班列累计发送集装箱120万标箱，同比增长64%，促 进国际商贸往来。 ...

央视网消息：记者11月22日从国铁集团获悉，2025年1至10月，国家铁路累计发送货物33.78亿吨，同比增长3%，创历史同期新高。 跨境货物运输增幅明显。1至10月，中欧、中亚班列累计开行2.8万列，同比增长7.8%；西部陆海新通道班列累计发送集装箱120万标 箱，同比增长64%，促进国际商贸往来。 重点物资运输开辟绿色通道。1至10月，国家铁路完成煤炭运量17.32亿吨，其中，电煤运量11.78亿吨，冶炼物资、粮食发送量同比 分别增长9.1%、13.8%，助力经济平稳运行。 1至10月，铁水联运"一单制"物流产品累计订舱3万标箱，国家铁路累计发送铁水联运集装箱货物1425.8万标箱，同比增长16.2%，有 效降低全社会物流成本。 ...

Core Insights - The national railway has achieved a record high in freight volume, sending 3.378 billion tons of goods from January to October, representing a year-on-year increase of 3% [2] Group 1: Freight Volume and Growth - Cumulative freight volume for the first ten months reached 3.378 billion tons, marking a historical high for the same period [2] - The railway has optimized freight products, with 30,000 bookings for the "one order" logistics product in rail-water intermodal transport, and a total of 14.258 million TEUs of intermodal container freight sent, up 16.2% year-on-year [4] Group 2: Service Quality and Logistics - The total signed contracts for railway logistics services reached 1.36 billion tons, with 162,000 vehicles registered on the national railway logistics platform, enhancing service delivery at both ends of the railway [4] Group 3: Cross-Border Transportation - From January to October, the China-Europe and China-Central Asia freight trains operated 28,000 times, a year-on-year increase of 7.8%, while the China-Laos railway sent 4.52 million tons of goods, up 14% [6] - The Western Land-Sea New Corridor trains sent 1.2 million TEUs, reflecting a significant year-on-year growth of 64%, facilitating international trade [6] Group 4: Key Material Transportation - The national railway has established green channels for key materials such as Northeast grain and Xinjiang coal, completing coal transport of 1.732 billion tons, including 1.178 billion tons of electricity coal [8] - The transportation of smelting materials and grain increased by 9.1% and 13.8% year-on-year, respectively, supporting the reduction of logistics costs and ensuring stable economic operations [8]

Core Insights - The national railway completed a coal transport volume of 1.732 billion tons from January to October, with electric coal accounting for 1.178 billion tons [1][2] - The total cargo sent by the national railway reached 3.378 billion tons during the same period, marking a year-on-year increase of 3%, setting a historical record for the same period [1] - The optimization of freight products is evident, with a total of 30,000 bookings for the "one order" logistics product for rail-water intermodal transport, and 14.258 million TEUs of intermodal container cargo sent, reflecting a year-on-year growth of 16.2% [1] Transport and Logistics Performance - The railway logistics total package service signed contracts for 1.36 billion tons, and the railway freight logistics platform has 162,000 vehicles registered, enhancing service quality [1] - Cross-border cargo transport remains stable, with 28,000 trains operating on China-Europe and China-Central Asia routes, a year-on-year increase of 7.8%, and 4.52 million tons of goods sent via the China-Laos railway, up 14% [1] - The Western Land-Sea New Corridor saw a significant increase in container shipments, with 1.2 million TEUs sent, reflecting a growth of 64%, promoting international trade [1] Key Material Transport - The transportation of key materials such as Northeast grain and Xinjiang coal has been prioritized, with green channels established [2] - The increase in the transport of smelting materials and grain was noted, with year-on-year growth of 9.1% and 13.8% respectively, supporting the reduction of logistics costs and stabilizing the national economy [2]

央视网消息：记者22日从国铁集团获悉，今年1至10月，国家铁路累计发送货物33.78亿吨，同比增长3%，创历史同期新高。 跨境货物运输稳定畅通。1至10月，中欧、中亚班列累计开行2.8万列，同比增长7.8%；中老铁路跨境货物列车累计发送货物452万吨，同 比增长14%；西部陆海新通道班列累计发送集装箱120万标箱，同比增长64%，促进国际经贸往来。 重点物资运输保障有力。东北粮食、新疆煤炭等重点物资运输开辟绿色通道。1至10月国家铁路完成煤炭运量17.32亿吨，其中电煤运量 11.78亿吨，冶炼物资、粮食发送量同比分别增长9.1%、13.8%。为降低全社会物流成本、保障国民经济平稳运行提供了有力支撑。 前10个月，货运产品不断优化。铁水联运"一单制"物流产品累计订舱3万标箱，国家铁路累计发送铁水联运集装箱货物1425.8万标箱，同 比增长16.2%。服务品质持续提升。铁路物流总包服务累计签订合同13.6亿吨，中国铁路网络货运物流平台入驻汽车达16.2万辆，为客户提供 铁路两端接取送达服务。 ...