CEO survey report on the prosperity of China’s highway freight transportation in 2021 From CFLP

The following is the CEO survey report on the prosperity of China’s highway freight transportation in 2021 From CFLP recommended by recordtrend.com. And this article belongs to the classification: Chinese economy, research report.

In order to reflect the vision of the road freight market in 2021, gain insight into the development trend of the industry and guide the business decision-making of enterprises, at the end of 2021, the road freight branch of China things union invited 100 business leaders (CEO, CMO and operation director) in various fields of road freight to carry out the “CEO survey of road freight prosperity in 2021”.

According to the survey data, 60.4% of the CEOs surveyed reported that the income scale of their enterprises increased compared with the previous year, and about 40% of the enterprises reported that the income was flat or declining compared with the previous year.

From the perspective of subdivided areas, online freight enterprises account for the largest proportion of revenue growth, reaching 82.4%. With the official implementation of the road transportation license of network freight platform in 2020, there are 1755 network freight platforms in China as of the first three quarters of 2021. In the third quarter, 16.576 million waybills were completed, an increase of 30.0% month on month. Since this year, manbang group has been listed, Weitian express, Fuyou truck and huolala have accelerated the pace of listing, and online freight has maintained a rapid growth trend due to the characteristics of the new business model of asset light business, which is one of the few logistics segments to maintain growth.

The proportion of urban distribution enterprises reflecting revenue growth ranked second, reaching 70.6%. With the proposal of the new development pattern of double cycle, the contribution of final consumption to the national economy continued to grow. In the first three quarters, the contribution rate of final consumption expenditure to economic growth was 64.8%. In addition, the improvement of national income level has increased the demand for urban distribution, especially the timeliness requirements for express parcels, cold chain logistics and other distribution, which is conducive to the development of urban distribution.

From the breakdown of areas reflecting the decline in revenue, vehicle transportation, less than truckload express, less than truckload special line and contract logistics enterprises all reflected the decline in revenue by more than 20%, of which the proportion of less than truckload special line reflected the decline was the most, reaching one third.

Under the continuous impact of the global epidemic, the international and domestic manufacturing supply chain has accelerated the adjustment, and the orders of small and medium-sized manufacturing enterprises have decreased, resulting in the contraction of the demand for supporting LCL special lines. The market concentration of LCL Express has increased, the market has strong pressure resistance, and the penetration has eroded the special line market, which has also exacerbated the decline of special line demand.

From the perspective of income scale, the larger the income scale, the more income growth. Enterprises with an income scale of more than 1-2 billion account for 66.7% and those with an income scale of more than 2 billion account for 84.2%, mainly because more than half of the enterprises with an income scale of more than 1 billion are online freight enterprises. The income of enterprises such as less than carload special line, vehicle transportation (fleet) and contract logistics (freight forwarding), which account for more of the highway freight market, is mostly less than 1 billion. Most of the enterprises with income below 1 billion reflect the decline of income scale, of which the small and medium-sized enterprises with income below 30 million account for the most, accounting for three quarters, and the enterprises with income between 30 million and 500 million reflect the decline of more than 40%, and the business is relatively single. Small and medium-sized enterprises with single business are affected by the contraction of demand, and their anti risk ability is weaker than that of large-scale enterprises.

The volume scale is similar to the income. According to the survey data, more than 60% of the surveyed CEOs reported that the volume scale of their enterprises in 2021 increased compared with the previous year. Among them, the network freight enterprises reflect the increase of cargo volume by more than 80%, and the urban distribution enterprises reflect the increase of cargo volume by more than 70%.

From the perspective of enterprise scale, it still shows that the higher the income, the higher the growth of goods volume, the less the income, and the higher the decline of goods volume. Among them, the decline in the volume of enterprises with a scale of less than 500 million is relatively serious. 75% of the small and medium-sized enterprises with a volume of less than 30 million yuan report the decline in the volume of goods, and more than 50% of the decline in the volume of goods with a value of 30-500 million yuan. The downward pressure on small and medium-sized freight enterprises is severe.

The CEO surveyed reflected that the freight rate in the road freight market showed a downward trend as a whole. According to the survey data, 45.5% of the surveyed CEOs reported that the market freight rate decreased compared with the previous year, and 25.7% thought that the freight rate was flat.

From the perspective of subdivided areas, the freight rates of urban distribution and less than truckload express are lower than those of other businesses. The terminal consumption oriented business is not sensitive to price and has certain price resistance pressure.

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