In November 2021, China’s highway logistics freight rate index was 101.5 points From China Federation of logistics and procurement
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In November 2021, the freight rate index of China’s highway logistics jointly surveyed by China Federation of logistics and procurement and Lin’an logistics group was 101.5 points, up 1.21% over the previous month and 3% over the same period last year. From the weekly index, the freight rate index rose month on month in the first and second weeks, and fell month on month in the third and fourth weeks.
Figure 1 China’s highway logistics freight rate index for each month since 2016
Table 1 China’s highway logistics freight rate index in November 2021
According to the model index, the model index rebounded slightly month on month and grew rapidly in the same period. The vehicle index dominated by bulk commodities and regional transportation was 102 points, up 1.21% over the previous month and 3.1% over the same period last year. Among the LCL index, the LCL light goods index was 99.3 points, up 1.2% over the previous month and 2.4% over the same period of the previous year; The LCL heavy goods index was 101.8 points, up 1.19% over the previous month and 3% over the same period last year.
Figure 2 China’s highway logistics freight rate by vehicle type index in each month since 2016
From the perspective of demand, the demand of highway logistics market has improved compared with that in the early stage, but on the basis of the slowdown of manufacturing demand in the early stage, the recovery power of market demand is limited. PMI data show that the manufacturing PMI index in November was 50.1%, which has returned to above the boom and bust line. In terms of supply, affected by the epidemic situation, the supply of transport capacity fluctuated slightly during the month, with a slight increase compared with the previous month. On the whole, the domestic economy recovered steadily this month, the relationship between market supply and demand improved, the decline of raw material prices promoted the accelerated expansion of enterprise production and operation, and the short-term improvement of highway transportation market promoted the slight recovery of freight rate index. In terms of subregions, the freight rate indexes of all regions have rebounded to varying degrees.
From the later trend, under the market-oriented regulation of highway transportation, the freight rate index has shown a shock recovery trend since the second half of the year, the domestic economy stabilized and rebounded in the fourth quarter, and the freight rate index rebounded to the highest level of the year this month. With the emergence of positive factors in the domestic market, it is expected that the domestic market demand is expected to be further released at the end of the year, and the freight rate index may maintain stability at a high level or pick up slightly.
note appended
1. China’s highway logistics freight rate index is a relative number that reflects the change degree and trend of highway logistics transportation price within China’s economic territory in a certain period of time.
2. China’s highway logistics freight rate index is based on the dynamic transaction information of the highway logistics platform represented by Lin’an logistics network. At present, the price data collected covers 9 major logistics regions, 38 key cities, 74 logistics node platforms, 1406 highway transportation lines and 2 million freight vehicles.
3. China’s highway logistics freight rate index takes the average price in the last week of December 2012 as the base period. The base point of the weekly index is 1000 and the base point of the monthly index is 100. More reading: China Federation of logistics and purchasing: the freight rate index of China’s highway logistics fell slightly in April 2017. China Federation of logistics and purchasing: the China Express Logistics index in December 2017 was 106.3%. China Federation of logistics and purchasing: the prosperity index of China’s logistics industry in September 2017 was 54.3%. China Federation of logistics and purchasing: the production and business environment of logistics and supply chain enterprises will be restored in 2020 Investigation report (download attached) China Federation of logistics and purchasing: the operation of China’s purchasing manager index in November 2021 China Federation of logistics and purchasing: the total social logistics in Q1 2013 was 43.3 trillion yuan, an increase of 9.4%. China Federation of logistics and purchasing: the prosperity index of China’s logistics industry in April 2017 was 58.2%. China Federation of logistics and purchasing: China bulk commodity index in November 2021 CFLP: China Africa in September 2011 Manufacturing business activity index (PMI) China Federation of logistics and procurement: logistics operation data from January to April 2020 China Federation of logistics and procurement: in 2013, China’s express service enterprises completed a total of 9.2 billion pieces of business. China Federation of logistics and procurement: in 2013, China’s express business was 9.2 billion pieces, an increase of 61.6% year-on-year. China Federation of logistics and procurement: China’s e-commerce logistics will continue to grow rapidly in 2017 China Federation of logistics and purchasing: the average monthly income of 74.6% of couriers ranges from 3001 yuan to 5000 yuan. China Federation of logistics and purchasing: application development report of China blockchain + industrial supply chain from 2018 to 2019 (download attached)
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