T3EX Global Holdings has announced a remarkable performance for March, with revenue reaching NT$1.675 billion, marking a monthly increase of 22.61% and a significant annual growth of 39.93%. The first quarter’s revenue soared to NT$4.656 billion, up by 38.35% year-on-year, primarily fueled by the rebound in political stability and an uptick in overall economic demand. This resurgence has notably spurred a substantial increase in purchasing activities, driving T3EX Global’s revenue to impressive heights in the initial quarter of the year.
Looking ahead, T3EX Global is gearing up for negotiations on U.S. line contracts, eyeing an advantageous position due to stabilized cargo volumes and persisting volatility in the Red Sea region. This scenario is expected to narrow the gap caused by short-term shipping capacity oversupply, potentially securing more favorable contracted freight rates than those seen last year. Such developments are poised to enhance the maritime operations outlook for the latter half of the year. Additionally, buoyant e-commerce sales and anticipated demand for AI PC replacements, coupled with the burgeoning electric vehicle market, signal a promising year for air transport and domestic trade logistics.
T3EX Global’s performance in March, with revenue hitting NT$945 million, reflects a robust 23.85% monthly and a staggering 63.33% annual increase. This surge is attributed to the U.S. economy’s vigor and the rebound in consumer spending, which has encouraged manufacturers to move past the inventory challenges of 2023. Despite a temporary post-Lunar New Year slump in freight rates on European and American routes, T3EX Global witnessed a significant uplift in freight rates compared to the previous year.
The company also highlighted the crucial role of China-Europe trains as a preferred alternative for manufacturers targeting the European market, underscored by T3EX Global Railway Division’s solid March revenue of approximately NT$98 million. This demand has kept the trains to Chongqing and Chengdu fully booked, maintaining robust operational performance into the second quarter.
In the air transport sector, T3EX Global capitalized on the rising e-commerce shipments from China and increased demand from Europe and the U.S., completing several charter flights in March. This led to a monthly revenue of NT$374 million, achieving both volume and price growth. Despite a slight dip in the momentum for warehousing and logistics due to falling lithium-ion battery prices, the electric vehicle market’s imminent competition and strategic inventory builds by major lithium ore manufacturers signal continued growth in river ship trade and domestic logistics demand. Consequently, the domestic trade logistics division posted a 15.72% annual increase in March revenue, amounting to NT$257 million.
T3EX Global’s strategic adjustments and favorable market trends underscore a confident outlook for its shipping and logistics operations, setting the stage for continued growth and enhanced operational performance across its diverse transportation and logistics services.
