The logistics models and the current situation of logistics management in China are analyzed in this paper. Through setting up model, the enterprises' threshold to transfer to the third party logistics mode from self-run logistics mode under efficiency uncertainty is obtained with the real option approach. Further, the results shows: the choice of the logistics management model in enterprises are critically influenced by following aspects: the efficiency of self-run logistics, the quantity of the portfolio damages and the transaction costs, the raise speed and the uncertainty of the logistics efficiency.