Pickup trucks are light-duty trucks with open cargo beds at the rear. They are mainly used for the transportation of goods but are also used for personal purposes, construction, agriculture, and other commercial applications. The global pickup truck market is a global industry that includes the manufacturing, marketing, and sales of pickup trucks. It includes different types of pickup truck models, sizes, and configurations offered by different manufacturers in different regions to meet the various needs and preferences of consumers across the world. Economic growth, urbanization, infrastructure development, and changing consumer lifestyles all play a significant role in the global pickup truck demand and dynamics.

Pharmaceutical wholesale and distribution is defined as the management of the physical flow of pharmaceutical supplies from the manufacturing point to the point of use. The global pharmaceuticals wholesale and distribution market involves the storage, handling, and transportation of pharmaceutical products to meet the global pharmaceutical demand. As some pharmaceutical products are temperature￾sensitive, cold storage is required throughout the supply chain to maintain the quality of products.

Online food delivery refers to a food-away-from-home service comprising the process of ordering food from a particular food outlet, either through its website or a proprietary mobile application or through a third-party food ordering service.

During meat packaging, products such as beef, pork, poultry, and seafood are packed using both rigid and flexible packaging materials, depending upon the supply chain stage. Sales of packaging materials used to preserve meat and forms of meat products make up the meat packaging business. Meat packaging is frequently used to deliver safe, fresh, and hygienic meat to customers and companies. Meat necessitates the presence of oxygen for both mass production and consumer consumption to maintain its color for customer appeal. Although meat has a shorter shelf life, choosing the correct packaging and packing materials is critical for keeping the meat in a sanitary state for a longer period of time.

快递行业：通达系单票收入环比继续提升，较7月均提升0.1元以上，后续业绩弹性可期－9月数据点评

2025年5月份中国物流景气指数为 50.6%，较上月回落0.5个百分点；中国仓储指数为50.5%，较上月回落0.2个百分点。业务总量指数保持扩张。业务总量指数为50.6%，保持扩张区间运行。固定资产投资完成额指数连续回升。固定资产投资完成额指数环比回升超过0.5个百分点， 道路运输业、邮政快递业、航空运输业和水上运输业固定资产投资完成额指数分别 环比回升0.7、0.5、0.6和0.4个百分点。

交通运输行业：高股息+稳业绩双驱动，交运红利配置正当时－华创交运行业红利资产月报（2025年10月）

交通运输物流行业：客座率高位传导至价格提升，关注淡季价格拐点－2025年9月航空数据点评

25 年年初至今交运行业走势：物流板块相对强势，基础设施板块走弱。交运行业整体涨跌幅（+2.6%），跑输沪深 300（沪深 300 涨跌幅为+23.6%）。在震荡市中（年初至 6 月底），部分子板块如物流行业（受益于无人物流车概念）能取得相对收益；25 年 7 月份至今，沪深 300 明显走强，收益约 15.4%；交运走势较弱，收益仅 3.6%；物流等板块受益于“反内卷”政策，走势相对较好。高速公路、铁路运输、港口等板块呈现下跌趋势。航运因油运行业景气改善，走势相对较好。

Intermodal freight transportation refers to the method of moving goods using two or more different modes of transport, such as rail, road, sea, and air, while keeping the cargo in a standardized container throughout the journey