China News Service, Beijing, March 2 (Reporter Ruan Yulin) The China Highway Logistics Freight Index jointly surveyed by China Federation of Logistics and Purchasing and Lin'an Logistics Group was 99.2 points in February, down 0.9% from the previous month and from the same period last year. Increase by 1%.
In terms of vehicle model indices, all model indices fell month-on-month, with a slight increase year-on-year but the growth rate narrowed.
The vehicle index, which is dominated by bulk commodities and regional transportation, was 99.7 points, a decrease of 0.88% from the previous month and an increase of 1.1% from the same period last year.
In the LTL index, the LTL light cargo index was 97.1 points, down 1.09% from the previous month, and 0.5% up from the same period last year; the LTL heavy cargo index was 99.6 points, down 0.81% from the previous month and up 1.1% from the same period last year.
In terms of demand, the economy continued to recover well this month. Affected by the Spring Festival holiday, the production and operation of enterprises have slowed down, and the demand for highway logistics has stabilized and slowed down.
Purchasing Managers Index (PMI) data show that the manufacturing PMI index in February was 50.6%, which fell slightly.
From the perspective of supply, driven by new measures such as "Chinese New Year in situ", enterprises have resumed work and the market supply has recovered better than in previous years, and the supply of transportation capacity is still relatively sufficient.
On the whole, under the influence of the concentrated release of demand in January and the Spring Festival holiday in February, the freight index in February adjusted seasonally, and the market supply and demand maintained a better coordinated situation. The freight index still maintained a slight increase compared with the level of the same period last year.
In terms of subregions, the nine regional indices all declined to varying degrees from the previous month, with the Northwest, Southwest, and Central China regional indices falling faster.
The analysis believes that from the perspective of the later trend, with the end of the Spring Festival holiday in February, the market expectations of the enterprises in the later period are more optimistic, and the production and operation activities of the enterprises are expected to resume. The price index may continue to fluctuate slightly, or it will show a trend of volatility and rebound.