China Road Freight Falls for Third Straight Week as Covid Curbs Linger

Road freight volume fell in China for the third consecutive week, even as authorities signaled an easing of some harsh “zero-Covid” measures, while a nationwide mish-mash of contradictory tightening and loosening injected uncertainty.

In the week through Dec. 4, China’s road freight volume index dropped 8.6% week-on-week to 76.5, after falling 12.5% the previous week, according to data from industry information provider G7. The index measures truck traffic volume and the quantity of goods processed in major logistics centers. Year-on-year, the week’s slump was a much sharper 39.7%.