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BIZCHINA> Logistics China
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Logistics market sees shuffle
By Tu Lei (chinadaily.com.cn)
Updated: 2008-11-12 10:30 Due to the rising costs of raw materials, fuel and labor some small and medium logistics enterprises have had to drop out the market, while larger companies are seeing their profits drop or in the red, writes the China Business Times.
Firstly, market demand is slowing. In the first three quarters, transportation fees were 1,885 billion yuan ($276.22 billion), which accounted for 51.2 percent of social logistics fees, the lowest level in the past ten years. This is down 2.7 percentage points compared with the same period last year. ... The full text is available in the November Issue of Logistics China.
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