JIANGSU, May 16 (GCTL) - The eastern China's Jiangsu province's value of all logistics operations climbed 12.4 per cent, and 17 per cent of the service industry's added valued was contributed by the logistics industry.
Latest figures released by the Jiangsu government and logistics industry association also show that in this period, demand for logistics service was on a slow but steady rise, but profit was harder to make.
In the first quarter, Jiangsu's cost of all logistics operations increased 11.4 per cent. The growth of cost of transportation, storage and management all surpassed 10 per cent. Plus higher fuel price, taxes and personnel cost, pressure on a logistics operator is becoming heavier, Xinhua reports.
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