近两周，沪深大盘上涨5.7%，HSCEI 指数上涨4.4%，机场板块上涨13.2%，航空板块上涨6.9%，物流板块上涨5.3%，航运板块上涨5.2%，港口板块上涨5.0%，公路板块上涨0.7%，铁路板块下跌3.5%。中金交运模拟组合近一年跑赢上证/恒生指数11.5/0.9ppt，跑赢A 股交运板块15.9ppt，跑输H 股交运板块6ppt；组合发布（2015 年1 月）至今，跑赢上证/恒生指数132/31ppt。

中金交运组两周报告回顾 ...................................................................................................................... 3

市场回顾 ............................................................................................................................................... 4

板块走势与大盘比较 ............................................................................................................................ 4

交运十大领涨和十大领跌 ........................................................................................................... 4

行业观点及重点关注公司动态 .......................................................................................................... 5

航空 .............................................................................................................................................. 5

航运 .............................................................................................................................................. 5

物流 ................................................................................................................................ 8

机场 ................................................................................................................................................ 9

公路 .................................................................................................................................... 10

铁路 ....................................................................................................................................... 11

港口 ........................................................................................................................ 13

主要公告汇总 ................................................................................................................ 14