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Strong second quarter performance was primarily driven by the China service, where freight rates exceeded expectations due to tight market conditions and robust demand in e-commerce, garments, and e-goods.
The China service benefited from customers pull-forward of seasonal goods to derisk upcoming tariff discussions and uncertainties related to the Iran conflict.
Southeast Asia expansion has become a key strategic priority, with regional cargo now representing 20% to 25% of China service volume, significantly higher than early 2025 levels.
Management attributes the success in Vietnam and Thailand to a differentiated service model that targets the top 5% of the market requiring high speed and reliability.
#Iran
Strong second quarter performance was primarily driven by the China service, where freight rates exceeded expectations due to tight market conditions and robust demand in e-commerce, garments, and e-goods.
The China service benefited from customers pull-forward of seasonal goods to derisk upcoming tariff discussions and uncertainties related to the Iran conflict.
Southeast Asia expansion has become a key strategic priority, with regional cargo now representing 20% to 25% of China service volume, significantly higher than early 2025 levels.
Management attributes the success in Vietnam and Thailand to a differentiated service model that targets the top 5% of the market requiring high speed and reliability.
#Iran
19 days ago
