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China's Courier Sector Logs 59% Rise in Handled Parcels in February
BINHAI TEDA: NOTICE OF BOARD MEETING
Express News | Tianjin Binhai Teda Logistics Group Corp Ltd - Expected Result as Business Performance of a Unit of Co Has Decreased Significantly
Express News | Tianjin Binhai Teda Logistics Sees Profit Attributable Approximately RMB5 Mln for Year
BINHAI TEDA: PROFIT WARNING
Volume increases and prices remain low as the express delivery industry competes to reduce costs. The application of autonomous vehicles and Drones is expected to accelerate next year | Year-end review.
① Since the beginning of the year, the growth rate of express delivery volume has exceeded 20%; the operating situation of "the two logistics giants and one delivery company" in the first 11 months shows volume increase and low prices, with ZTO achieving year-on-year revenue growth per package in Q3. ② Industry insiders say that the growth rate of express delivery volume will still be double-digit in the next 1-2 years. It is expected that next year, Drones and unmanned vehicles will accelerate their application in various express delivery scenarios, further reducing social Logistics costs.
