【研判2026：“反内卷”有望持续，通达系极兔顺丰有何趋势？】

物流指闻01-03

快递、航运船舶港口、高速公路、化工物流、大宗供应链、航空…年度策略来源/华源证券作者/孙延,曾智星,王惠武,张付哲快递：国内“反内卷”有望持续，关注海外市场高增行业“反内卷”有望持续，监管有望持续发挥托底作用，“通达系”上市企业同步表态维护市场公平秩序，行业有望进入高质量发展阶段，叠加持续降本增效，板块盈利有望迎来修复；同时份额分化或仍将持续，关注头部企业估值与盈利双升。极兔东南亚+新市场受益于...

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