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J&T Express sees 32.5% parcel volume growth in Q4 2024

Logistics provider J&T Express reported a substantial increase in parcel volumes for the fourth quarter and the full year of 2024.

The company processed 7.39 billion parcels in Q4, a 32.5% rise from the same period last year, with an average of 80.3 million parcels handled daily.

For the entire year, total parcel volume reached 24.65 billion, representing a 31% increase year-on-year.

The growth in Q4 was driven by key markets in Southeast Asia and China, coinciding with the peak ecommerce season.

By year’s end, J&T Express operated 238 sorting centers and 19,100 outlets globally.

The company attributed its growth to the robust performance in ecommerce markets and strategic operational investments.

Recent J&T Express developments

Timeline
11-Jan-2024 📦 J&T Express names first China CEO after business restructuring
  • J&T Express appoints Liu Wei as China CEO.
  • Company reports profitable operations in China since Nov 2022.
27-Oct-2023 🚀 J&T Express raises $451m in Hong Kong listing
  • J&T Express raises over $451M in HK IPO.
  • Plans to expand and enhance logistics network.
08-Jun-2023 📦 J&T Express, Carousell partner for easier deliveries in Singapore
  • J&T Express partners with Carousell for deliveries
  • Users can schedule pickups via Carousell app easily
17-Feb-2023 📈 J&T Express may bag at least $1b in latest listing attempt
  • J&T Express plans HK IPO aiming for $1B
  • Second attempt after 2022 delay; targets $20B valuation

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