Please wait...
GulfBase Live Support
- KFH continues pioneering efforts to promote financial literacy in Kuwait
- US Fed holds interest rates steady
- Asian stocks hit by fresh tech fears as gold retreats from peak
- CBO releases its Macroeconomic Stability Report 2025
- Vodafone Qatar to showcase next-generation digital solutions enabling business growth at Web Summit
- Al Rayan Bank holds Executive Fraud Risk Management Briefing
- Saudi-built AI takes on financial crime
- Closing Bell: Saudi main market closes the week in red at 11,382
- Bahrain, UAE central banks keep interest rates unchanged
- Saudi Steel Pipe unit inks supply contract with Subsea Seven
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 |
30/01/2026
The Federal Reserve held interest rates steady on Wednesday amid what US central bank chief Jerome Powell described as a solid economy and diminished risks to both inflation and employment, an outloo
Reuters
29/01/2026
The World Bank (WB) has approved $350m in new financing to help Lebanon meet the basic needs of the poor and most vulnerable during its economic and financial recovery, and improve the delivery of hi
QNA
29/01/2026
US online retail and cloud computing giant Amazon said Wednesday that it would be cutting 16,000 jobs worldwide as part of a restructuring, as it focuses spending on artificial intelligence.
Asharq Al Awsat
29/01/2026
US Treasury Secretary Scott Bessent said on Wednesday he was disappointed by Europe's decision to strike a major trade agreement with India, saying it showed Europe put trade ahead of the interests o
Asharq Al Awsat
27/01/2026
Bond investors are bracing for an extended pause in the Federal Reserve's rate-cutting cycle as they edge into slightly riskier trades, driven by a resilient economy and fresh U.S. fiscal stimulus pl
Reuters
Financial Information Co.
Saudi Arabia