China’s road logistics price index edged up 0.03 percent week on week from Jan. 29 to Feb. 2 as demand in the market remained generally stable amid slower supply expansion, industry data shows. The country’s road logistics index came in at 1,038.95 points last week, 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 types of vehicles logged mild increase week on week. Specifically, the figure for the full-truckload logistics price, which primarily measures bulk commodity and cross-regional transportation, stood at 1,040.28 points in the period, up 0.03 percent on a weekly basis. The survey attributed the mild growth of the road logistics price last week to slower supply expansion in the sector amid general stable demand.—APP
