China's road logistics price index up in March

BEIJING -- China's road logistics price index went up in March amid a steady expansion of the transportation sector, industry data showed.

The index came in at 103.4 last month, up 3.1 percent year-on-year, according to a survey jointly conducted by the China Federation of Logistics and Purchasing and the Guangdong Lin'an Logistics Group.

Sub-indices for all types of vehicles rose from the same period last year, with that for full truckload logistics, which mainly measures bulk commodity and regional transportation, rising 2.7 percent year-on-year to 103.5, according to the survey.

It attributed the price index growth partly to an improved market environment, which has buoyed the business expectations of enterprises.

The survey had a positive outlook regarding the steady performance of the index in the future as the short-term effects weaken and economic activities pick up.