The new China Logistics Industry Report, 2008-2009 states that the development of China?s logistics industry in 2008 can be divided into two periods, rapid growth and decline, the China Economic Review reported.

Rapid growth period: the total value of social logistics achieved a fast growth of 26.7 percent in the first three quarters of 2008.

Decline period: impacted by the global financial crisis, China?s logistics industry had dropped since September 2008, especially the sharp growth drop of port cargo turnover.

With the further influences of global financial crisis in 2009, China?s logistics industry will step in the period of slow growth and structural adjustment, which will create new development opportunities for the third-party logistics.

Third-party logistics in China is still in its early development stage, and has a high regional concentration degree, mainly distributing in the regions of YRD and PRD. The Chinese manufacturers seldom select third-party logistics companies, while the foreign-funded manufacturers prefer the third-party logistics companies.

The key third party logistics companies in China include Tielong Logistics, CMST, and Eternal Asia. Tielong Logistics has the exclusive operation right of railway special containers, CMST is good at the network distributions and Eternal Asia is good at the supply chain management.

Source:cargonewsasia.com Author: