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Industry

China weekly road logistics price index up

September 27, 2022


Abstract : China's road logistics price index went up last week driven by the expansion of demand, industry data showed.

BEIJING, Sept. 26 (Xinhua) -- China's road logistics price index went up last week driven by the expansion of demand, industry data showed.

The index stood at 1,042.90 points in the week ending Sept. 23, rising 1.89 percent compared with one week earlier, according to a survey jointly conducted by the China Federation of Logistics and Purchasing and the Guangdong Lin'an Logistics Group.

The sub-indices of all kinds of vehicles registered week-on-week growth in this period. The index for full truckload logistics, which mainly measures bulk-commodity and regional transportation, climbed 1.49 percent on a weekly basis to 1,038.19 points.

Last week, China's road logistics price saw a mild increase as the demand for road transport increased while the supply was generally stable, said the survey.

It predicted that the price index may rise amid slight fluctuations in the future, driven by gradual expansion of production and construction.


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