Jiangsu's first quarter logistics value increases 12.4pc
2012 05 15
- Details
IN the first quarter, the Jiangsu provincial logistics index climbed 0.008 points to 0.4555. The eastern China's province's value of all logistics operations climbed 12.4 per cent. Seventeen per cent of the service industry's added valued was contributed by the logistics industry, Xinhua reports.
Latest figures released by the Jiangsu government and logistics industry association also show that in this period, demand for logistics service is on a slow but steady rise, but profit is harder to make.
In the first quarter, Jiangsu's cost of all logistics operations increased 11.4 per cent. The growths of cost of transportation, storage and management all surpassed 10 per cent. Plus higher fuel price, taxes and personnel cost, pressure on a logistics operator is becoming heavier.
The results of a survey Jiangsu conducted on 103 major logistics enterprises show that their core business revenue grew 5.2 per cent, while profit went up three per cent.
Source Shipping Gazette - Daily Shipping News
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