China road logistics freight index down 0.23% in January compared to previous month due to Chinese New Year holidays - Chinese media

On the 8th, the China Logistics Purchasing Federation released China's road logistics freight index for January. Due to the impact of the Lunar New Year holiday, both market demand and supply slowed, causing the freight index to show a downward trend.
China's road logistics freight index in January was 105.7 points, down 0.23% from the previous month and up 1.71% from the same month last year.
Looking at the index by vehicle type, all were slightly down from the previous month, but slightly up compared to the same month last year.
Of this, the truck freight index, which mainly consists of large-volume and regional transport, was 106.1 points, down 0.21% from the previous month and up 1.99% from the same month last year.
This year, the Chinese New Year holiday began earlier than usual, causing a decline in market demand. In addition, truck drivers are also on vacation, causing a decline in supply.
Overall, the freight rate index showed a downward trend due to the slowdown in market supply and demand. As the Spring Festival holiday ends and people resume work, the road freight market is expected to recover to some extent.
It is expected.