The term drayage refers to a specialty logistics service that carries freight over short distances, mainly in the same metropolitan area between ports, facilities, rail yards, or other shipping hubs. Drayage is a specialized field in the supply chain that involves the pulling of containers and cargo from one point to another via ship, rail, or trucking drayage.

The primary drivers for the market studied are the companies entering into contracts with transportation providers and vendors to help employees commute from homes to the workplace and back. Earlier, the companies partnered with taxi services to do the same. Still, as they require a greater number of vehicles to transport people and are congested compared to buses and other shuttle services, companies are now switching to bigger vehicles.

Global Flexible Packaging Market - Focused Insights 2024-2029

全球邮轮旅游市场重点洞察报告

交通运输行业：美对华船舶敌意渐起，中国造船业大而不倒－航运船舶行业

核心观点。据海南省人民政府，海南自贸港建设进入关键阶段，封关工作加快推进中，确保 2025 年底前海南全岛封关运作。海南自贸港的核心政策框架——“零关税、低税率、简税制、五自由便利一安全有序流动”等政策将逐步落地，封关运作后将带来进口业务零关税，所得税降低，贸易、投资、人员流动等方面的自由便利化。我们认为，这些政策将为海南的区域经济发展注入强大动力，此外随着海南自贸港重点园区建设与产业升级，海南相关企业或充分受益于自贸港政策红利和市场机遇。

事件：上市航司发布 1 月运营数据，行业进入春运节奏，需求端环比明显回升。 上市航司国际航线运力投放同比大幅提升，且疫情后首次超过 19 年同期。

从历史经验来看，特朗普政府加征关税的手段主要有三种：贸易调查、动用 《国际紧急经济权力法》（即 IEEPA）和取消最惠国待遇。考虑到不同手段的触 发机制不同，其生效时间及落地节奏也自然不同。从落地时间来看，我们认为本 轮关税的落地节奏受两方面的影响：一是主观层面特朗普上任后，不同领域政策 执行先后的权衡；二是客观而言，不同关税手段受到的限制性约束不同，时间存 在天然差异。