China’s logistics sector grew 26.2% year-on-year to US$10.68 trillion (RMB75.2288 trillion) in 2007, the China Securities Journal reported. Growth was 2.2 percentage points faster than the 24% growth registered the year before. Revenue from logistics fees grew 18.2% year-on-year to US$644.54 billion (RMB5.5406 trillion) in 2007, 4.7 percentage points faster than in 2006 due largely to oil price and labor cost hikes. Transportation fees grew 17.6% year-on-year to US$350.73 billion (RMB2.4708 trillion), 4.9 percentage points faster than the year before. Transportation fees accounted for 54.4% of total logistics fees in 2007. Road haulage was worth US$221.77 billion (RMB1.5623 trillion), representing over 60% of total transportation fees, while aviation transportation was worth US$3.83 billion (RMB27 billion), up 26.5% year-on-year. Logistics warehousing and storage fees were worth US$212.11 billion (RMB1.4943 trillion), up 21.2% year-on-year; management fees were worth US$81.69 billion (RMB575.5 billion), up 13.6% year-on-year. The increased value of the logistics sector accounted for 17.6% of the total increase in the value of China’s service industry last year.