China’s Road Freight Grows for First Time in Three Years

China's road freight volume has returned to growth for the first time in three years, rising by over 5% year-on-year, according to the head of a logistics technology company. Zhai Xuehun, founder and CEO of G7 Connect, said at a logistics conference on Oct.

23 that the industry has entered a "second half" of development. The first half of the industry's development was driven by the expansion of e-commerce and express delivery, but this segment now accounts for less than 10% of China's logistics sector, Zhai said.

With end-user demand maturing and digital upgrades accelerating, the next structural growth drivers will be four key areas: instant retail, agriculture and animal husbandry, regional bulk commodities, and road-rail intermodal transport, he added.

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