A shipping container is a container with strength suitable to withstand shipment, storage, and handling. These containers range from large reusable steel boxes used for intermodal shipments to the ubiquitous corrugated boxes. The containers are a means to bundle cargo and goods into large unitized loads, easily handled, moved, and stacked, and can be tightly packed in a ship or yard—similar to cardboard boxes and pallets. They are made up of aluminum and steel. The size and type built of each container comply with specifications and regulations formulated by the International Organization for Standardization (ISO). The global shipping container market is into container size, product type, end use, and region. Depending on container size, the market is categorized into small containers (20 feet), large containers (40 feet), and high cube containers (40 feet). By product type, it is fragmented into dry storage containers, flat rack containers, refrigerated containers, special-purpose containers, and others. On the basis of end use, it is segregated into food & beverages, consumer goods, healthcare, industrial products, vehicle transport, and others.

Third-party logistics (3PL) in a company’s supply chain management is a third-party business used by manufacturers to provide fulfilment services and distribute company’s products. These services consist of warehousing, integrated operations, and transportation services, which can be scaled according to customer needs and market conditions. Logistics service providers are responsible for the delivery of goods from manufacturers to consumers. The 3PL market has witnessed significant growth over the years, owing to increase in trading activities due to globalization and development of the e-commerce industry. The report analyzes the global 3PL market into mode of transport, service type, industry, and region. Railways, roadways, waterways, and airways are studied under the mode of transport segment. The revenue generated by various types of services such as dedicated contract carriage (DCC), domestic transportation management, international transportation management, warehousing & distribution, and others has been considered. Depending on industry, the market is divided into technological, automotive, retailing, elements, food & groceries, healthcare, and others. Region wise, the market is analyzed across North America, Europe, Asia- Pacific, and LAMEA.

1. 8 月CTSI 货运指数连续四月正增长，客运指数恢复至疫情前65%。2.交通运输子行业运行分析：铁路：8 月铁路客流量恢复至疫情前65%。公路：8 月公路客运量恢复至疫情前60%。水路：散运市场预期持续向好，集运市场景气度向上。航空：8 月“三大航”国内航线需求恢复至疫情前85%。物流快递：8 月快递业务量同比增36.5%，CR8 继续回落至83.2。新业态：8 月网约车市场加速修复，市场规模有望恢复至疫情前水平的80%。

2020 年国庆中秋假期催化国内出行需求修复，同时受海外疫情的不确定性影响出境旅行需求将回流国内。我们预计，若国内疫情不出现反复，到2021 年上半年国内出行需求将呈现持续复苏态势。建议关注京沪高铁（601816.SH）、中国国航（601111.SH）、春秋航空（601021.SH）、吉祥航空（603885.SH）。

本周我们聚焦民航、快递、集运板块。航空：今年以来受疫情延迟的出行需求开启补偿性释放，国庆假期民航需求进一步恢复。10 月1-8 日，全国民航共计运输旅客1326 万人次，日均旅客运输量恢复至2019 年国庆假期的91.07%。自Q2 以来中国经济基本持续向好，人民币对美元延续升值态势，有望驱动航空股实现反弹。

中国汽车工业协会（简称“中汽协”）10 月13 日发布汽车行业产销数据：9 月中国汽车销量256.5 万辆（同比+13%），其中乘用车销量208.8 万辆（同比+8%），商用车销量47.7 万辆（同比+40%），新能源汽车销量13.8万辆（同比+68%）。2020 年4-9 月汽车销量连续6 个月同比正增长。考虑到四季度通常为汽车销售旺季，我们预计汽车销量有望在4Q20 延续正增长。我们认为汽车需求改善，全产业链均受益，重点推荐上汽集团、华域汽车、潍柴动力、广汇汽车。