Transport investment to pick up in the first half

? ? ??Ministry of Communications announced the first half of the 29th Transport economic performance showed steady growth in passenger and freight transport in general, some indicators slowdown momentum weakened, there are signs of stabilization. Highway and waterway transport investment pick up, continue to optimize the structure. China Federation of Logistics and Purchasing pointed out that China's logistics industry climate index in June was 53.1%, slightly down 0.1 percentage points from last month, rate of decline narrowed, meaning that the logistics industry is still running stable and rapid economic moderate range.

? ? ? Data show that the first half of the whole society passenger traffic (rail, road, water) and passenger turnover was 19.55 billion person-kilometers, and 1.4813 trillion, an increase of 5.6% and 6.4%. Passenger structural adjustments in railway passenger traffic volume growth rate increased 6.7 percentage points over last year, civil aviation passenger traffic grew 10.5%, road passenger traffic growth rate down 3.3 percentage points.

? ? ? ?Freight volume (railways, highways, waterways, civil aviation) and cargo turnover in the first half was 20.88 billion tons and 8.4369 trillion tons km, an increase of 9.6% and 3.8%. However, rail freight traffic volume fell 2.8%, from 1 to May railway coal traffic declined 5.7%. 17 provinces highway cargo delivery volume growth from 5.5% in the first quarter or 8.4% from a quarter.

? ? ? ?Highway and waterway transportation investment to pick up in the first half investment in fixed assets 599.6 billion yuan, an increase of 9.2% (down 6.2% over the same period last year), which fell 1.4% in the first quarter, second quarter growth of 14.6%. First half of the railway fixed assets investment of 215.931 billion yuan, an increase of 21.5%.

Transport sector in the capital market is in the doldrums. Haitong Securities (600837, Shares) analysis pointed out that the capacity to face deleveraging and economic environment for the aviation or shipping more cautious attitude. A serious loss of the railway is expected to promote railway passenger sharp price increases, it will be possible to advance in the next year. The reform is expected to promote rail freight container of great development.