China’s road logistics price index edges down

China’s road logistics price index tumbled 0.03 percent on a weekly basis from January 22 to 26, Xinhua reported on Sunday citing industry data.

The index came at 1,038.63 points last week, according to a survey published by the China Federation of Logistics and Purchasing and the Guangdong Lin’an Logistics Group.

The sub-index for full-truckload logistics price, which primarily measures bulk commodity and cross-regional transportation, decreased 0.05 per cent week on week to reach 1,039.93 points in the period.

The price index may see slight fluctuations before the upcoming Spring Festival, or the Chinese Lunar New Year, the survey added.