Nagpur Stock：BOC International

In terms of shipping, the shipping company has raised the shipping cost in November, and the freight rate in 2025 is expected to maintain a high level.In terms of airlines, Zhengzhou cross -border e -commerce aircraft cargo aircraft is opened, and many European airlines have announced the suspension of Indian routes.In terms of express logistics, the total GMV of the eight major e -commerce platforms in Southeast Asia last year was US $ 114.6 billion, and the total number of cross -border business in the hundreds of people increased by 256.4%year -on -year.Core viewpoint: ① The shipping line company raised November shipping, and the freight rate in 2025 is expected to maintain a high level.Dafei recently announced a freight recovery plan, which will take effect on November 1st. Its influence includes from a specific location in Canada to India's secondary continent, the Middle East Bay, Red Sea, Mainland India, Hong Kong, India, Macau, Northeast and Southeast Asialand.At the same time, Maski announced that it will increase the freight of freight (FAK) from the Far East to Northern Europe and the Mediterranean routes. The effective date is November 4, and Herbelot announced that it has raised the Far East to European Freight (FAK)Nagpur Stock. The effective date is November 1.Affected by the uncertain factors of the shipping market, the freight rate in 2025 is expected to maintain a high level.Drewry analysts said that about 3 million TEU new ships that are about to be delivered in 2025 are likely to be "offset" by further markets, and freight rates will remain high.② Zhengzhou Cross -border E -commerce Freight Airlines opened, and a number of European Airlines announced the suspension of Indian routes.On the morning of October 17th, a Uzbekistan Airlines (C6) full cargo aircraft carried 45 tons of cross -border e -commerce goods from Zhengzhou Xinzheng International Airport and flew to Tashkeng, the capital of UzbekistanGuoabong Wealth Management. After a brief stop, the flight will fly again toBelgian Line Day marks the opening of Zhengzhou's new cross -border e -commerce shipping aircraft, and the scale of cross -border aviation capacity continues to expand.Just over half of October, there are Hansha Airlines, Nordic Airlines, and Polish Airlines that have announced the flight of Beijing and Mumbai. If you count the previous British Airlines and Virgin Airlines, there are currently 5 European airlines to fly India.③ Last year, the total GMV of the eight major e -commerce platforms in Southeast Asia was 114.6 billion US dollars, and the total number of cross -border business in the hundreds of people increased by 256.4%year -on -year.According to the Mo Teng Venture Capital report, the total GMV (total transaction) of the eight major e -commerce platforms in Southern Asia in 2023 rose to $ 114.6 billion, an increase of 15%year -on -year.According to the financial report, in the first quarter of 2024, Best International's business revenue reached 281 million yuan.The total number of cross -border business increased by 256.4%year -on -year, and Southeast Asia parcels increased by 39.4%year -on -year.Earlier this year, Best Group allocated the supply chain business that originally belonged to the international sector to the company's supply chain sector.With the further development of cross -border e -commerce, the express delivery industry may still have a lot of incremental space in Southeast Asia in the future.Industry high -frequency dynamic data tracking: ① Aviation Logistics: From early October to mid -October, the overall air transport prices showed an upward trend.② Shipping port: The transport freight index fell, and the freight freight rate fell.③ Express logistics: In August, the number of express delivery business increased by 19.50%year -on -year, and the revenue of express delivery business increased by 14.95%year -on -year.④ Aviation Travel: In the third week of October 2024, the average flight flight was 1633.71 times, a month-on-month of -4.91%, an increase of 55.78%year-on-year.⑤ Highway and railway: From October 7th to October 13th, a total of 55.399 million vehicles traffic across the country's highway across the country increased by 37.68%month-on-month.⑥ New traffic format: In Q2 of 2024, Lenovo PC computer shipments reached 14.72 million units, an increase of 3.66%year -on -year, and market share rose 0.4pct from the previous month.Investment suggestions: It is recommended to pay attention to the export chain of equipment and manufacturing industrial products, recommend COSCO Hait, China Merchants Ship, and China Trade Logistics. It is recommended to pay attention to China Eastern Airlines Logistics and India Foreign Transport.Pay attention to the trend investment opportunities of low -altitude economy tracks.SF Holdings is recommended, it is recommended to pay attention to CITIC Hai Zhi.Pay attention to the theme investment opportunities of cruise and water rotation.It is recommended to pay attention to the Bohai Trump and Strait shares.Pay attention to e -commerce express investment opportunities.Recommended Rabbit Express, Zhongtong Express, Shentong Express, Yunda shares.Risk reminder: The price of shipping prices fluctuates sharply, the demand for aviation is not as good as expected, the competition for express prices has intensified, and the changes in transportation policies will generate risks.