The Importance of the Logistics Industry in National Economy and Current Development Analysis

The Importance of the Logistics Industry in National Economy and Current Development Analysis

The logistics industry plays a vital role in the national economy. Despite the economic environment affecting social logistics demand, its contribution continues to strengthen. Recent forecasts suggest that the added value of the logistics industry will exceed 9% of GDP. In recent years, investment in logistics infrastructure has risen, expected to surpass 70 billion yuan for the year, showcasing a positive development trend and reflecting the importance of the logistics industry in promoting economic growth.

07/21/2025 Logistics Industry Insights
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Global Shipping's New Dilemma The Economic Truth Behind The Surplus of Empty Containers

Global Shipping's New Dilemma The Economic Truth Behind The Surplus of Empty Containers

The global shipping industry is facing a severe challenge with a surplus of empty containers. Data indicates a surge in empty container numbers, while declining consumer demand and a fragile economic recovery are exacerbating storage pressures. Industry experts suggest that the future market environment will be more challenging, and shipping strategies need to be adjusted in a timely manner.

07/23/2025 Logistics
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Intense Competition in the Express Delivery Industry: The Rise of the Small Package Market and Response Strategies

Intense Competition in the Express Delivery Industry: The Rise of the Small Package Market and Response Strategies

The competition in the express delivery industry is becoming increasingly fierce, with major companies like SF Express, ZTO, YTO, and Jitu actively entering the fragmented order market to address the demand for high profit margins and reverse logistics. However, as market saturation intensifies, delivery personnel face significant pressure and declining income levels.

07/17/2025 Logistics
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US Japan Philippines Sign Trade Pact to Ease Shipping Delays

US Japan Philippines Sign Trade Pact to Ease Shipping Delays

The United States recently signed a new trade agreement with Japan and the Philippines to promote economic cooperation and enhance trade fluidity. However, with the increase in trade, serious congestion in trans-Pacific shipping has emerged, necessitating measures to ensure transport efficiency and ensure mutual benefits for the three countries.

07/24/2025 Logistics
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East West Bank Philippines SWIFT Codes Guide for Global Transfers

East West Bank Philippines SWIFT Codes Guide for Global Transfers

This article details the SWIFT code of East West Bank in the Philippines, emphasizing the importance of using the correct SWIFT code for cross-border transfers. It provides practical tips to ensure accurate remittances. The article also explores cost-effective alternatives for international money transfers and how to safely receive funds into an East West Bank account. The aim is to help readers navigate cross-border remittances with ease and avoid unnecessary complications. It offers guidance on sending and receiving money internationally through East West Bank.

09/01/2025 International Settlement
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Sorsogon Port Emerges As Vital Hub in Philippines Abaca Trade

Sorsogon Port Emerges As Vital Hub in Philippines Abaca Trade

Sorsogon Port is a vital port located on the southeastern tip of Luzon Island in the Philippines, serving as the capital of Sorsogon province. It functions as a barge port connecting the Philippines and Indonesia, and is a significant distribution center for agricultural products like abaca and copra. Linking to Manila via land and sea routes, the port plays a crucial role in regional trade, facilitating the movement of goods and contributing to the economic activity of the surrounding area.

09/29/2025 Port Encyclopedia
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Launch Of The Qinghai Caojiabao Bonded Logistics Center: A Symbol Of New Opportunities

Launch Of The Qinghai Caojiabao Bonded Logistics Center: A Symbol Of New Opportunities

The approval of the Caojia Bonded Logistics Center in Qinghai provides a new platform for the province's opening up to the outside world. Located in the conveniently accessible Haidong City, the center plans to undertake various bonded business operations. Its establishment will not only promote the development of local but also drive the growth of the province's outward-oriented economy. The center is expected to officially start operations in the first half of 2016, marking a new chapter in Qinghai's economic development.

07/21/2025 Logistics
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