China Federation of Logistics and Purchasing (CFLP) released the logistics operation data for the first two months of this year today (March 30th). Driven by a series of policies, logistics demand has maintained a steady growth momentum, and the scale of the logistics market has continued to expand.

From January to February this year, China's total social logistics volume — the total value of physical logistics in economic operations — reached 56.3 trillion yuan, a year-on-year increase of 5.3%. In terms of structure, logistics demand related to industrial production has achieved steady growth. Among them, logistics demand related to high-tech manufacturing increased by 9.1% year-on-year, 0.2 percentage points faster than the full-year growth rate of the previous year.

Driven by factors such as equipment renewal policies, logistics demand in industries such as railway transportation equipment manufacturing and urban rail transit equipment manufacturing surged by more than 20% year-on-year. Boosted by policies like the trade-in program for home appliances, logistics demand for household electrical appliance manufacturing rose by 10.1% year-on-year. In addition, fueled by the rapid development of cross-border e-commerce, the international air freight market achieved rapid growth, handling 575,000 tons of cargo and mail in the first two months of this year, a year-on-year increase of 17.9%.

Furthermore, the number of supply chain contract orders of key logistics enterprises maintained a high-speed growth of over 20% from January to February. This indicates that as the structure of logistics demand continues to upgrade, the pace of collaborative transformation between production enterprises and logistics enterprises has accelerated.