Freight forwarder T3EX Global Holdings Corp (台驊國際) on Friday reported revenue for last year of NT$3.45 billion (US$124.6 million), up 90 percent from a year earlier, and cumulative revenue of NT$36 billion for the year, up 137 percent from a year earlier, on the back of high shipping rates.
Revenue from its sea cargo forwarding operation showed the highest growth among all sections, advancing 224 percent from a year earlier to NT$25.6 billion for last year, followed by 137 percent growth from its railway forwarding business to NT$1.69 billion, T3EX said.
Port congestion and labor shortages, as well as COVID-19 lockdowns in
Logistics firms post robust sales - Taipei Times
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Solid freight rates benefit forwarders
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Forwarders benefit from robust cargo demand
By Kao Shih-ching / Staff reporter
Freight forwarder Dimerco Express Corp (中菲行) yesterday reported a net profit of NT$300 million (US$10.7554 million) for the first quarter, up 207 percent from a year earlier, thanks in part to higher freight rates.
Earnings per share (EPS) rose to NT$2.38, from NT$0.77 a year earlier, the company said in a statement.
Dimerco, which focuses on strategic logistics planning and execution for the international transportation of goods, attributed the profit growth to higher revenue of NT$6.98 billion in the first three months of this year, up 68 percent from a year earlier.