J&T Express delivers nearly 7.7 billion parcels in Q3 2025

J&T Express reported a 23.1% rise in global parcel volume year-on-year for Q3 2025, reaching about 7.68 billion parcels.

J&T Express is a logistics company operating in markets across Southeast Asia, China, and several emerging markets.

The company recorded its strongest growth in Southeast Asia, where parcel volume jumped 78.7% to 2 billion for the quarter.

In new markets including Saudi Arabia, the United Arab Emirates, Mexico, Brazil, and Egypt, parcel volume rose 47.9% to 104 million.

China, J&T’s largest market, recorded 5.6 billion parcels in Q3, up 10.4% year-on-year.

J&T also expanded its Southeast Asia network to 10,700 outlets and increased its line-haul vehicles in the region to 5,500 by the end of September.

🔗 Source: J&T Express

🧠 Food for thought

Implications, context, and why it matters.

Southeast Asia parcels rose 78.7%. J&T added 900 line-haul vehicles (long-distance trucks connecting sorting hubs), while H1 2025 gross margin slipped from 11% to 9.8% 1.
In China, revenue per parcel fell from $0.34 to $0.30. Adjusted EBIT (earnings before interest and taxes, adjusted to exclude one-off items) sank 78% to $13 million despite cost cuts 1.
Thailand’s EV “3.5” subsidy package (a national incentive program for EV production and adoption) falls from THB 150,000 to THB 50,000 by 2027, which could raise electrification costs as margins narrow 2. Thin disclosure on by-market unit economics (profit and cost per parcel) leaves investors unsure if Southeast Asia’s 74% EBIT growth offsets China’s declines 1.

J&T runs 5,500 line-haul vehicles in Southeast Asia and handles 21.7 million daily parcels 1.
Thailand has 11,467 charging points with a target of 12,000 direct current fast chargers by 2030 3. Thailand’s Board of Investment (BOI) promotion can grant up to eight-year tax holidays, while battery projects may tap the national competitiveness fund if they meet at least 150 watt-hours per kilogram and 1,000 full charge–discharge cycles 2.
EV makers and charging providers should secure logistics fleets before subsidies taper in 2027 2. The EV and charging market is $7.94 billion in 2025 with a 7.2% compound annual growth rate (CAGR), so focus on Thailand, then prioritize Indonesia 4.