Based on the six factors of urban GDP, transport infrastructure, freight volume, freight vehicle scheduling, energy and environment, the dynamic model of urban freight transportation system is constructed, which compares changes on the congestion, transportation costs, energy saving and emissions reductions of freight transportation system before and after the implementation of common distribution. Taking Jinan City as an example, and the results show that with the increase of loading occupancy and average transportation distance, the marginal revenue of implementing common distribution is decreasing, and the peak-to-night adjustment of delivery time also has a significant impact. The overall efficiency of the joint distribution is optimal under the load-carrying rate of [70%, 80%], the average shipping distance of [70, 80] km, and the distribution day- to- night ratio of [6∶4 , 7∶3] . However, energy saving and emission reduction benefits can be further improved by increasing the proportion of new energy trucks, the result shows that every 20% increase of using new energy trucks will bring about an average reduction of 30% in energy saving and emission reduction of freight transportation systems.