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

The global helicopter-based transport market refers to the industry involving the transportation of passengers, goods, or equipment by helicopters on a global scale. This market encompasses various sectors, including commercial, military, and private helicopter operations.

Healthcare logistics refers to the planning, management, and execution of the movement and storage of healthcare products, equipment, and supplies throughout the healthcare supply chain. It involves the coordination of various activities, including procurement, warehousing, transportation, distribution, and inventory management, to ensure the timely and efficient delivery of healthcare goods to healthcare facilities, pharmacies, and ultimately to patients.

A Floating Storage Regasification Unit (FSRU) is a specialized vessel designed to receive, store, and regasify liquefied natural gas (LNG) offshore, making it available for onshore distribution or direct transfer to smaller vessels.

物流行业：无人物流行业兴起，无人叉车企业或充分受益－低速无人行业系列研究报告之二

物流行业：反内卷托底价格延缓现金流恶化，全链路降本重塑长期竞争格局－快递板块二季报总结

旅游及消闲设施行业：萌芽中的“新消费_－社服板块2025H1中报总结

Food and beverage warehousing is an essential aspect of the food supply chain because most foods and beverages are temperature sensitive and perishable. Refrigeration helps to keep products fresh and prevents contamination. The competitiveness of the industry is driven by the service or infrastructure ability of companies apart from the price and value-added services offered. Key companies are expanding their infrastructure much ahead of the demand to grasp customer attention and distract them from unorganized or local companies. Since warehousing buildings and refrigerated vehicles are fixed assets, companies need to concentrate on building scale and customer networks to stay competitive in this fragmented market.

Food and beverage cold chain logistics refers to the process of transporting and storing perishable food and beverage products under controlled temperature conditions from the point of origin to the point of consumption.