The Development and Reform Commission of Hainan Province reported yesterday that in the first half of 2018, the demand for logistics in the province maintained steady growth, the total cost of social logistics was gradually decreasing, and the quality of logistics services was further improved. Generally speaking, in the first half of 2018 in our province there was a modern logistics industry supporting a stable and progressive development trend.
The total volume of social logistics of the province was 358.9 billion yuan,
which is 6.22% more than for the same period in 2017. The cost of social
logistics continued to decline.
It is clear that the demand for social logistics of the province has steadily increased in the first half of the year. In general, the total volume of logistics in the province showed a steady growth trend.
Expenses for social logistics continue to decline. In the first half of the year, the total value of social logistics of the province was 36.903 billion yuan, an increase of 8.27% over the year, including: transportation costs 16.224 billion yuan, an increase of 9.32%, storage costs 13.77 billion yuan, an increase of 7.49 percent year on year, management fees 6.909 trillion yuan, an increase of 7.43%.From a structural point of view, transportation costs accounted for 43.54% of the total cost of social logistics, an increase of 0.42% year on year, storage costs account for 37.31% of total logistics costs, a 0.27% annual decline, as well as administrative expenses accounted for 18.72% of the total logistics costs, declining from year to year 0.15%.
The ratio of total expenditure on social logistics and GDP was 15.16%, which is 0.34 percentage points more compared to the same period last year. The total cost of social logistics per 100 yuan of social logistics was 10.28 yuan, which was generally the same as for the same period last year. This shows that the current efficiency of logistics activities has steadily improved, the cost of the logistics of the unit has continued to fall, and the effectiveness of cost reduction and efficiency gains in the field of logistics has gradually emerged.
The incomes of the social logistics business grew steadily. In the first half of the year, the total revenue of the province's logistics industry was 26.989 billion yuan, an increase of 6.27% over the year.