China's e-commerce logistics index rises slightly in August as cost pressures improve significantly - Chinese report

On the 5th, the China Logistics Purchasing Federation announced that the China E-commerce (EC) logistics index for August rose 0.1 points from the previous month to 114.2. The August EC logistics index showed a slight recovery compared to the previous month.
On the demand side, the "Olympic boom" has increased integrated consumption of culture, sports, business and travel, and
Demand for e-commerce logistics has also returned to a growth trajectory. The total e-commerce logistics business index for August rose 0.3 points to 130.5. Driven by "sports"-related consumption, the number of purchases of swimming supplies, cycling goods, etc.
In terms of supply, the quality of service provided by logistics companies has improved significantly, with the indices for logistics time-to-performance, fulfillment rate, and satisfaction rate rising.
In particular, the satisfaction rate index rose for the sixth consecutive month, hitting a record high. In addition, the recent reduction in petroleum product prices and the model change of new energy delivery vehicles have contributed to this.
As a result, costs for e-commerce logistics companies improved significantly in August. The cost index fell 3.1 points to the lowest level in the past two years.