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China's road logistics price index rises 1.8% YoY to 103.3 in Nov 2022

06 Dec '22
1 min read
Pic: Shutterstock/ chuyuss
Pic: Shutterstock/ chuyuss

China’s road logistics price index has remained stable as it stood at 103.3 in November 2022, which is a 1.8 per cent year-on-year (YoY) increase, as per a survey carried out by the China Federation of Logistics and Purchasing and the Guangdong Lin’an Logistics Group.

The country’s sub-index for full truckload logistics price—mainly measuring bulk commodity and regional transport—jumped 1 per cent YoY to 102.9, according to various Chinese media reports.

Stable prices in November 2022 were ascribed to different causes such as the market regulation mechanism and promotion of e-commerce shopping. However, excessive market capacity and demand slowdown were also noted.

Fibre2Fashion News Desk (NB)

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