Combined　with　the　objective　fact　that　China＇s　logistics　industry　inward　foreign　direct　investment　(IFDI)　and　outward　foreign　direct　investment　(OFDI)　and　total　factor　productivity　(TFP)　of　space　development　is　not　balanced,　this　study　used　the　system　generalized　method　of　moments　(GMM)　and　geographically　weighted　regression　(GWR)　model　respectively　to　explore　the　overall　influence　and　spatial　difference　of　two-way　FDI　on　TFP　of　the　logistics　industry,　and　examined　the　role　of　absorptive　capacity　in　the　productivity　effect　of　two-way　FDI.　The　findings　of　this　study　show　that:　(1)　the　two-way　FDI　of　the　logistics　industry　promotes　its　TFP　and　the　positive　impact　of　logistics　IFDI　on　TFP　is　stronger.　(2)　The　influences　of　two-way　FDI　in　the　logistics　industry　on　TFP　at　different　regions　fluctuate　greatly.　In　general,　the　influence　of　two-way　FDI　in　the　logistics　industry　on　TFP　shows　a　trend　of　＂east-central-western＂　gradient　decline　in　the　space.　(3)　The　positive　influence　of　two-way　FDI　in　the　logistics　industry　on　TFP　can　be　regulated　by　GDP　and　institutional　quality　significantly,　and　the　capital　level　of　human　resources　and　R&D　only　enhance　the　technology　spillover　of　the　logistics　industry　IFDI　channel　significantly.　Meanwhile,　the　eastern,　central,　and　western　regions　showed　varying　degrees　of　difference.