交通運輸行業(yè)同煤下水煤炭將逐步由秦港轉(zhuǎn)至曹妃甸，預(yù)計無礙大秦業(yè)績

1、目錄索引一、核心觀點及推薦組合.......................................................5二、本周板塊聚焦.............................................................5快遞：“雙十一”快遞量同增25.8%，龍頭市場份額繼續(xù)提升...................................5航空機場：新一輪票價市場化啟

2、動疊加油價大幅下跌，關(guān)注航空修復(fù)機會...............6海運：油運運價小幅回升，美線集運運價大幅下跌..................................................7三、本周重點新聞.........................................................................................................

3、..8同煤集團全部秦皇島下水煤炭業(yè)務(wù)將逐步轉(zhuǎn)至曹妃甸..............................................8德邦快遞推出無人駕駛貨車.....................................................................................9順豐無人機快遞接駁柜正式上市，無人物流體系更加完善........................

4、...............9京東無人貨運機成功首飛，三級航空物流體系關(guān)鍵一環(huán)完成....................................9馬士基將投資大約8000萬美元安裝脫硫設(shè)備........................................................10四、本周數(shù)據(jù)跟蹤......................................................

5、......114.1本周市場行情回顧....................................................114.1.1交運漲跌幅..........................................................................................114.1.2板塊估值....................................

6、.........................................................114.2行業(yè)數(shù)據(jù)跟蹤.......................................................144.2.1海運........................................................................................

7、............144.2.2陸運....................................................................................................174.2.3空運..........................................................................................

8、..........204.2.4快遞....................................................................................................22風(fēng)險提示....................................................................252.0%、3.0%、5.1%...........

9、...................................................................................21圖38：10月北京首都、上海浦東、白云、深圳機場旅客量分別同增：6.0%、4.8%、6.2%、8.3%....................................................................................

10、.....................21圖39：快遞業(yè)務(wù)收入（億元）...........................................................................23圖40：快遞業(yè)務(wù)量（億件）..............................................................................23圖41：快遞分類型收入增速

11、（%）....................................................................23圖42：快遞分類型業(yè)務(wù)量增速（%）...................................................................23圖43：快遞平均單價增速（元%）.............................................

12、..........................24圖44：快遞分類型單價增速（%）....................................................................24圖45：2018年，A股快遞單量增速（%）..........................................................24圖46：2018年，A股快遞單價增速（%）....

13、......................................................24表1：本周（2018.11.1911.23）推薦組合，股價為2018年11月23日收盤價...5表2：10月快遞行業(yè)量價數(shù)據(jù).............................................................................6表3：遷曹鐵路分流對大秦鐵路利潤的影響測算（百萬

14、元）.................................8表4：本周海運行業(yè)主要指數(shù).............................................................................14表5：主要上市航司與機場最新業(yè)務(wù)量數(shù)據(jù)同比增速（%）更新.........................22表6：2018年快遞公司單量和份額數(shù)據(jù)..................