Please wait...
GulfBase Live Support
- Qatar and China sign MoU to increase air transport rights
- Saudi Arabia reaffirms OPEC+ compliance as June crude supply hits 9.35 million bpd
- Trump hits Brazil with 50% tariff
- QSE index gains for third consecutive month in June, registers 5% increase
- Dukhan Bank updates shareholder eligibility date for interim dividends
- Saudi-GCC non-oil trade volume in April soars to $4.8bn
- World oil market may be tighter than it looks, IEA says
- Global Markets - stocks fall, gold gains after Trump sets tariff sights on Canada
- UAE: Things to watch out for when buying property as a first-time investor
- Saudi Arabia's road to 30% EVs by 2030 - will Tesla be the game-changer?
02/06/2012 07:50 AST
China Securities Journal citing the China Federation of Logistics and Purchasing said major logistics companies in China posted a 7.4%YoY growth in operating profit during the first four months of 2012 with the growth rate down 5.8 percentage points from the first quarter.
Warehousing logistics companies recorded a 13.4%YoY rise in operating profit while transportation logistics companies posted a 7.9% increase in operating profit. Road freight companies recorded a 31.1%YoY fall in operating profit.
The China Federation of Logistics and Purchasing attributed the drop in the profitability of logistics companies to the decrease in demand by the overall economy and rises in the costs of fuel, labor and capital.
According to the China Federation of Logistics and Purchasing, the total value of the logistics industry during the first four months rose 10.2%YoY to CNY 52.6 trillion with the growth rate down 0.7 percentage point from the first quarter or 3.6 percentage points from a year ago.
During the first four months, revenue earned by logistics companies rose 15.8% with the growth rate down 0.4 percentage point from the first quarter. Operating expenses increased 16.9% and the growth rate was down 1.4 percentage points from the first three months.
Steelguru
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
12/07/2025
President Donald Trump announced a 50-percent tariff Wednesday targeting Brazil as he blasted the trial of the country's ex-leader, and said a US "national security" levy on copper would begin in Aug
Kuwait Times
11/07/2025
Wall Street stocks edged higher Thursday, lifting major indices to records as traders shrugged off worries about US tariffs while strong Delta earnings sent airline shares upward.
The Nasdaq
AFP
11/07/2025
Binance, the global blockchain ecosystem behind the world's largest cryptocurrency exchange, has launched Sharia Earn in the UAE, the first multi-token staking service that meets the principles of Is
Khaleej Times
10/07/2025
The size of China's economy will exceed 140 trillion yuan ($19.5 trillion) this year, the head of the state planner said as policymakers look to steer the country beyond the current five-year policy
Kuwait Times
10/07/2025
Only "a couple" of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates could fall as soon as this month, with most policymakers remaining worried to some degree about
Reuters
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia