Logistics companies show strong sales
By Kao Shih-ching / Journalist
Taiwan-based freight forwarder and logistics operators T3EX Global Holdings Corp (T3EX, 台 驊 國際) and Dimerco Express Corp (中 菲 行) this week reported strong revenue growth last month thanks to skyrocketing freight rates maritime.
T3EX’s revenue hit a record NT $ 3.69 billion (US $ 13.99 million) last month, up 192% from the previous year, while sales of Its freight shipping business jumped 287% to NT $ 2.82 billion, also a new single-month record, the company said in a statement.
T3EX said continued congestion at seaports amid the spread of the Delta variant of SARS-CoV-2 continued to drive up ocean freight rates, which in turn boosted its revenue last month.
Photo courtesy of United Logistics International Co
The increase in revenue is also due to the company gaining new customers through increased shipper capacity, T3EX said.
T3EX’s air freight forwarding operations revenue grew 58% year-on-year to NT $ 518 million, accounting for 18% of its overall revenue, while ocean freight forwarding sales accounted for 70% , did he declare.
Dimerco on Monday announced record revenue of NT $ 3.47 billion for the last month, up 72% year-on-year.
Sales of Dimerco’s air freight forwarding operations grew 55% to NT $ 1.8 billion, accounting for 51% of its overall revenue, while those of ocean freight forwarding grew by 199% to NT 1.56 billion, he said.
For the first eight months of the year, Dimerco’s revenue grew 49% annually to NT $ 21.8 billion, close to its annual revenue of NT $ 22.9 billion last year, according to company data.
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