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In April, the transportation and logistics sector maintained steady overall performance, with road and waterway investments increasing by 8.0% year-on-year.
Release date:
2018-06-01
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In April, the transportation and logistics sector maintained overall stability, with the decline in commercial passenger traffic narrowing and freight growth picking up slightly. Meanwhile, port container throughput continued to expand at a robust pace. Although fixed-asset investment growth slowed down, the progress made toward meeting investment targets still outpaced the same period last year.
In April, the transportation and logistics sector maintained overall stability, with the decline in commercial passenger traffic narrowing and freight growth picking up slightly. Meanwhile, port container throughput continued to expand at a robust pace. Although fixed-asset investment growth slowed down, the progress made toward meeting investment targets still outpaced the same period last year.
First, the decline in commercial passenger volume has narrowed.
In April, commercial passenger traffic reached 1.48 billion passengers, representing a 2.5% year-on-year decline—though this drop narrowed by 2.9 percentage points compared to the first quarter. Specifically, road-based commercial passenger transport fell by 5.9%, a 2.6-percentage-point improvement from the first quarter. Meanwhile, private car travel continued to grow rapidly, with highway traffic for passenger vehicles carrying seven seats or fewer increasing by 10.5%. Waterway passenger traffic, meanwhile, rose by 2.7%.
From January to April, the cumulative commercial passenger volume reached 6.01 billion passengers, a year-on-year decrease of 4.7%. Specifically, road-based commercial passenger traffic fell by 7.8%, while waterway passenger transport declined by 0.9%.
Second, freight transportation growth has picked up pace.
In April, commercial freight volume reached 4.24 billion tons, representing a year-on-year increase of 7.4%—a pace that accelerated by 1.0 percentage point compared to the first quarter. Specifically, road freight volume grew by 8.9%, while waterway freight volume rose by 2.2%. Meanwhile, express delivery volume hit 3.75 billion parcels, up 25.8% from the same period last year. From January to April, cumulative commercial freight volume totaled 14.46 billion tons, reflecting a 6.6% increase compared to the same period last year. Among these, road freight volume expanded by 7.8%, and waterway freight volume edged up by 0.9%. Express delivery volume during the same period climbed to 13.67 billion parcels, marking a robust 29.3% growth year-on-year. Thirdly, port cargo throughput experienced a slight decline, though container handling continued to grow at a relatively strong pace.
In April, ports above the designated size handled a total cargo throughput of 1.09 billion tons, down 0.6% year-on-year. Among these, foreign trade throughput remained flat compared to the previous year, while domestic trade throughput declined by 0.9%. Meanwhile, container throughput reached 20.72 million TEUs, representing a 4.7% increase year-on-year.
From January to April, the cumulative cargo throughput reached 4.21 billion tons, representing a year-on-year increase of 0.9%. Among these, foreign trade throughput grew by 2.6%, while domestic trade throughput rose by 0.2%. Meanwhile, the cumulative container throughput totaled 78.04 million TEUs, up 5.5% compared to the same period last year. Fourth, while fixed-asset investment growth has slightly slowed, the pace of project completion has accelerated compared to the previous year.
From January to April, fixed-asset investment in highways and waterways reached 540.6 billion yuan, representing an 8.0% year-on-year increase. This figure already accounts for 30.0% of the annual investment target of 1.8 trillion yuan, with progress accelerating by 2.2 percentage points compared to the same period last year. Specifically, highway construction accounted for 502.5 billion yuan in investments, up 8.7% from a year earlier, with expressways and rural roads continuing to grow at robust rates—14.9% and 15.6%, respectively—while ordinary national and provincial roads saw a slight decline of 2.9%. Meanwhile, waterway infrastructure projects received 27.1 billion yuan in investment, marking a 9.7% drop compared to the same period last year.
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