Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Aramco CEO among business leaders urged by China's Xi to protect trade as Trump tariffs loom
- Oil Updates - crude set to rise for 3rd week on Venezuela, Iran pressure
- M&A deals in Saudi Arabia rise in sign of foreign investor confidence: Marsh
- Saudi maritime industry spurring global trade shift
- Saudi Crown Prince issues directives to curb rising land prices and rents in Riyadh
- Closing Bell: Saudi main index closes in green at 12,025
- Saudi Arabia's job market strengthens as unemployment falls to 7% in Q4 2024
- UAE unveils new dirham symbol and digital currency
- Oil Updates - crude holds near 1-month high, set for 3rd week of gains amid supply woes
- Qatar Islamic Insurance Group AGM proposes cash dividend of 50% of paid-up capital
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 |
27/03/2025
President Donald Trump signed a proclamation to implement a 25 per cent tariff on auto imports, expanding a trade war designed to bring more manufacturing jobs to the US and setting the stage for an
Bloomberg
26/03/2025
Oil prices were little changed on Tuesday as markets weighed the impact of newly announced US tariffs on countries that buy Venezuelan oil and the uncertain outlook for global demand.
Brent
Reuters
25/03/2025
Global energy demand saw an above-average annual rise of 2.2 percent in 2024, fueled by rising electricity consumption and growth in emerging economies, according to a new report.
Analysis b
Arab News
24/03/2025
Global economic growth is expected to average around 3.1 percent in the next five years, below the pre-pandemic level of 3.7 percent, according to an International Monetary Fund official.
Sp
Arab News
24/03/2025
Global borrowing hit a record $25 trillion in 2024, a $10 trillion surge from pre-pandemic levels, sparking concerns over sustainability, a new report showed.
The Organization for Economic C
Arab News
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia