Based on a series of data gathered in Hunan Province from 1996 to 2015, a vector auto-regressive model has been established. By adopting such methods as cointegration test, impulse response function and variance decomposition, a quantitative analysis of the correlation mechanism between the new urbanization and the development of logistics industry has thus been made, followed by a systematic formulation of the mechanism. The results show that there is a distinct correlation between the new urbanization construction and the development of logistics industry in Hunan province. The new-type urbanization exerts a positive effect on the promotion of logistics industry, however, the development of the logistics industry fails to plays a very active role in the promotion of the new-type urbanization in Hunan province.