J&T Express reports 24% jump in parcel shipments
J&T Express achieved full-year profit for the first time in 2024 behind a 16% increase in revenue to $10.3 billion. It turned a net profit of $110 million compared to a $1.2 billion loss in 2023.
The company, which operates in 13 countries, processed 81.2 million parcels on an average daily basis during the second quarter.
J&T Express is a major express carrier in Southeast Asia, with a market share of 29%, according to independent research groups and the company. Customers include popular e-commerce platforms, local brands and B2B shippers. In addition to serving e-commerce platforms, J&T has also expanded into parcel delivery for general customers.
The courier reported that volumes increased by two-thirds to 1.7 billion parcels in the region during the April-June period — the fastest single quarter since its listing on the Hong Kong Stock Exchange in October 2023. The company officially launched in Indonesia in 2015. Full-year regional volumes last year exceeded 4.5 billion pieces
J&T is heavily investing to improve its network capacity and efficiency in Southeast Asia. It added another 700 service points during the first half of the year, bringing the total number of delivery stations to 10,500. The carrier now has 5,400 line-haul vehicles after adding 800 vehicles this year. It also invested in 58 additional automated sorting machines across multiple countries.
China is J&T's largest market. In the second quarter, it handled 5.6 billion parcels, representing a 14.7% increase year over year. Toy manufacturers are one of the large industry verticals it serves. In October, the company opened a 1.6 million-square foot, self-operated distribution park in Yangzhou that can process up to 6 million parcels per day. The facility is equipped with advanced sorting technologies, including cross-belt sorters for inbound and outbound shipments, tilt-tray sorters, high-speed unloading wheels, smart scanners, and security scanners.
The express carrier is also pushing into Latin America and the Middle East, with footholds in Saudi Arabia, United Arab Emirates, Egypt, Mexico and Brazil.
Click here for more FreightWaves/American Shipper stories by Eric Kulisch.
FedEx, UPS lose parcel market share to big retailers, small couriers
DHL Express Canada reinstates service after workers ratify labor deal
The post J&T Express reports 24% jump in parcel shipments appeared first on FreightWaves.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
2 hours ago
- Miami Herald
T-Mobile announces free perks for internet customers
T-Mobile (TMUS) recently saw a spike in new broadband customers, as many have fled from cable companies that have been gradually increasing prices for internet services over the past year. A recent CNET survey found that 63% of U.S. adults saw the monthly price of their home internet service increase last year. On average, they paid $195 more for internet in 2024 than in 2023. Don't miss the move: Subscribe to TheStreet's free daily newsletter As consumers battle inflation and higher costs of living, many have explored fixed wireless access internet service, which T-Mobile, Verizon, and AT&T offer. This service provides internet access to remote or underserved areas at a price that's usually cheaper than traditional internet services. Related: T-Mobile launches a cheap new service amid customer struggles In T-Mobile's second-quarter earnings report for 2025, it revealed that the company added roughly 454,000 high-speed internet customers, which is 12% higher than the number it welcomed during the same quarter last year. T-Mobile ended the quarter with 7.3 million high-speed internet customers. As T-Mobile's 5G home internet grows in popularity, it recently made a bold move to lure more internet customers away from cable companies. The phone carrier has added more free perks to its new Amplified and All-in internet plans. Both plans launched in December last year with prices of $60 and $70, respectively, with autopay. Amplified now grants customers access to 24/7 tech support, which offers live video support for help with household smart devices such as thermostats, doorbells, etc., according to a recent T-Mobile press release. This was a perk that was previously only available for All-in internet customers. Related: Verizon discontinues free customer perk from phone plans This expanded perk from T-Mobile directly competes with Verizon, which recently began offering its customers 24/7 tech support in June. In addition, T-Mobile also added advanced cybersecurity to its Small Business Internet Amplified and All-In plans, which will help "block harmful sites, detect suspicious activity and keep connected devices safe from online threats." Customers can manage the feature through the T-Life app. As fixed wireless access internet becomes more of a threat in the telecom industry, cable giants Spectrum and Comcast collectively lost 343,000 internet customers during the second quarter of this year, while T-Mobile, AT&T, and Verizon collectively added about 932,000 new 5G home internet customers during the quarter. A recent survey from Cord Cutters News revealed that only 40.2% of consumers now rely on cable TV companies for their internet service, a significant decline from 45% in late 2024. Also, roughly 11% rely on 5G home internet, an increase from 8.4% just a year ago. During an earnings call last month, Comcast Chief Financial Officer Jason Armstrong said that the broadband industry is "competitive" and "remains intense." More Telecom News: Verizon's push to make switching harder for customers hits a snagT-Mobile announces generous offer for conflicted customersAmazon pulls the plug on a free service for customers "Fixed wireless remains very active in the marketplace," said Armstrong. "Fiber competitors continue to build more capacity." To combat this growing trend, he said that Comcast has "realigned" its pricing strategy by lowering "everyday pricing," and moving local offers "to a consistent national pricing structure." It also recently introduced one-year and five-year price lock guarantees to its internet plans without contracts. On the other hand, Spectrum, which is operated by Charter Communications, is focused on sharpening its value pitch to customers by clarifying how much money they can save by bundling their phone and internet services. "Going back to customers very clearly, both in marketing and at the time of sale, and at the time of retention, and saying the only reason that you can have a cell phone internet product at that price is because they're forcing you to pay $60.70 per mobile line," said Charter CEO Chris Winfrey during an earnings call last month. "And when you think about what is on your bill with T-Mobile or Verizon 5G home Internet, the reality is, it's dramatically more expensive than what you would pay to Spectrum for an internet mobile product." Related: Spectrum suffers major loss as customers pull the plug on service The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
CNBC
5 hours ago
- CNBC
How one real estate startup is taking on record heat this summer
As brutally high temperatures bake the nation this summer, cooling is becoming increasingly critical across commercial real estate property portfolios. Landlords are balancing soaring demand with rising costs, putting energy efficiency front and center. The trouble is that most large building systems essentially run blind. Temperatures are set centrally, so they don't know if certain parts of the building are running too hot or too cold. That's why so many office workers sit at their desks wearing sweaters in the summer and then feel overheated in the winter. Now, new technology is taking on the challenge. Runwise, a New York-based technology company, invented its own hardware/software platform to eliminate overheating in large buildings. It recently expanded that to cooling. "We're trying to hit these climate goals, yet right in our literal building we're throwing money away every time you run a boiler when it doesn't need to run, you're wasting money and you're producing carbon emissions unnecessarily that really make nobody comfortable," said Jeff Carleton, co-founder and CEO of Runwise. The company combines future weather algorithms with a wireless temperature sensor network that speaks to a Runwise central control system. That control analyzes the data and then operates the system more efficiently. For example, a 100,000-square-foot building may have just one boiler, but it needs multiple temperature inputs. Runwise would put in 20 to 25 sensors, which take an average based on the user setting and future weather, and then figure out how often to run the boiler. The tech is now installed in more than 10,000 buildings across 10 states, with roughly 1,000 customers, including major real estate owner-operators such as Related, Equity Residential, FirstService Residential, MTA, Port Authority, National Grid, Rudin, LeFrak, UDR, Douglas Elliman and Akam. Runwise claims to have collectively saved more than $100 million in energy costs to date. CNBC's Property Play with Diana Olick covers new and evolving opportunities for the real estate investor, delivered weekly to your inbox. Subscribe here to get access today. The startup recently announced a $55 million Series B funding round led by Menlo Ventures, bringing its total funding to $79 million. Other backers include Nuveen Real Estate, Munich Re Ventures, MassMutual Ventures, Multiplier Capital, Soma Capital and Fifth Wall. Carleton said Runwise will use the additional funding to grow the business nationwide and, of course, to incorporate artificial intelligence into its systems. "It's only going to become more and more ingrained in what we build, as we collect data from more and more buildings and build more advanced models on how to run them more efficiently," he said. "We plan to use AI to continuously make our algorithms more efficient."
NBC News
5 hours ago
- NBC News
Dale Earnhardt's widow and son battle over a $30 billion data center on his North Carolina land
Aug. 9, 2025, 8:03 AM EDT By Bracey Harris Far from the roaring speedways, NASCAR legend Dale Earnhardt was an outdoorsman who liked to hunt and fish. There was plenty of space to do both on his sprawling land near Mooresville, North Carolina, a quiet town 30 miles north of Charlotte. Now that land is at the center of a battle over the future of Mooresville that has galvanized residents and pitted Earnhardt's widow, who wants to develop the property into an enormous data center, against one of Earnhardt's children, who has joined the fight to stop her. The proposed $30 billion Mooresville Technology Park would stretch across 400 undeveloped acres, adding several new buildings and an electrical substation. Teresa Earnhardt, Dale Earnhardt's widow, is seeking approval from the Mooresville Board of Commissioners to rezone his onetime sanctuary as industrial land. Tract, a Denver-based company that builds data centers and leases them to technology companies, has proposed constructing a new campus on that site. Kerry Earnhardt, Dale Earnhardt's eldest son, is part of a growing group of residents urging the board to vote 'no.' 'My Dad would be livid for his name to be associated' with the project, Kerry Earnhardt posted on Facebook last week, ahead of a community meeting that drew hundreds of people. 'Infrastructures like this don't belong in neighborhoods where people's natural resources will be depleted, wildlife will be uprooted, and the landscape and lives of the people that call this area home will forever be changed.' Teresa Earnhardt, Dale Earnhardt's third wife, who was married to him from 1982 until his death in a racing crash in 2001, did not respond to requests for comment. This is not her first dispute over Earnhardt's legacy: A decade ago, she sued Kerry Earnhardt, her stepson, after he started an 'Earnhardt Collection' home and furniture line, saying he was violating her trademark rights in their shared famous last name; ultimately, Kerry Earnhardt prevailed. The Mooresville Board of Commissioners is scheduled to vote on the rezoning after a public hearing in September, but on Friday afternoon Mayor Chris Carney cast doubt on the project's future. Carney, who previously told NBC News he was uncertain on the venture, posted a video on Facebook saying he doesn't feel able to vote 'yes' because Tract hasn't yet said which tech company would ultimately use the data center. And he suggested other board members shared his concerns. 'No matter what, you can only trust if you know who your final partner is going to be, and we just don't know that,' said the mayor, who would only cast a vote if there's a tie among the board's six members. Tract declined to comment to NBC News. A Tract spokesperson said in a statement to The Charlotte Observer Friday that the company was "both disappointed and surprised" and that it was "carefully evaluating our next steps." Representatives for Tract have glowingly pitched the project to residents, saying the center will be 'a good neighbor' while generating hundreds of millions of dollars for the local government. Earnhardt family disputes aside, the fight in Mooresville echoes similar debates across the country as communities grapple with the potential economic benefits and environmental downsides of giant data centers that are swallowing land and resources to feed America's insatiable demand for computing power. Crowds of people have packed meetings from Arizona to Alabama to express fears that these projects could overtax the electric grid, pollute the water and air, and generally disrupt their rural peace with hulking structures emitting a high-tech hum. Supporters, who often include local officials and business development groups, pitch the data centers as a way to infuse economic opportunity and tax revenue into struggling areas and make good use of land that would otherwise sit vacant. The White House is also praising the projects amid the country's artificial intelligence race against China. In July, President Donald Trump signed an executive order to fast-track federal permitting for data centers. There are already more than 5,400 data centers across the U.S., with many more on the way. The consulting company McKinsey said in April that it forecasts roughly $7 trillion in global spending on data centers in the next five years, sparked in large part by demand for processing power to meet the needs of tech companies racing to build and develop advanced artificial intelligence systems. Data centers, often massive buildings dedicated to housing computing and data storage capacity, can strain local power and water resources. A study by the Environmental and Energy Study Institute found that large data centers can consume up to 5 million gallons of water per day. While tech companies' need for data centers is only growing, opponents of these projects have begun making headway in stopping them. In Arizona, the Tucson City Council on Wednesday voted against Amazon's Project Blue data center, worried that it would raise utility costs. In Oldham County, Kentucky, a data center developer pulled out of a project last month and the county's fiscal court passed a moratorium on data centers after community pushback over environmental concerns. Data Center Watch, a group funded by AI firm 10a Labs that tracks local opposition, found in May that $64 billion in data center developments in the U.S. had been blocked or delayed in the previous year. 'The volume, speed, and effectiveness of local opposition are reshaping the landscape of political risks for the data center industry,' Data Center Watch said in a statement to NBC News. Wendy Reigel, an activist in Chesterton, Indiana, routinely gives advice to other communities fighting data centers after she started a successful movement against a $1.3 billion project in her town last year. She tells those who ask for her help that developers often present the centers as a done deal, but that isn't the case. 'In the end, people need hope,' she said, 'and then they need information, and then they got to work their rear ends off.' That's what the organizers in Mooresville have been doing. About 200 people crowded a Board of Commissioners meeting last Monday, many wearing red T-shirts to signal their opposition to the project. All 10 people who spoke at the meeting raised concerns, questioning Tract's promises about jobs and worrying about the center's demand for water in a drought-prone region. 'Does a data center belong in the middle of a thriving rural residential community?' Kerry Pennell, who lives near the proposed site, said afterward. She helped distribute about 170 'No Data Center' lawn signs that now dot the surrounding roads. 'I don't want an industrial wasteland a mile from my house,' she said. 'I can hear crickets at night.' René Earnhardt, Kerry Earnhardt's wife, was among the speakers at the meeting who advocated protecting the open land and the town's quiet charm from overdevelopment. 'Wealth and power are a destructive combination if used recklessly,' she said. 'There's only so much of this Earth that can be gambled away until there's nothing left.' Tract representatives did not speak at the meeting, but the company has previously pushed back on the residents' criticisms. The nearest residents will hear nothing louder than the thrum of a refrigerator, Tract will pay for infrastructure upgrades that will supply the center with plenty of water and electricity, and the project will generate about 1,000 jobs during construction and 200 permanently, the company said in a presentation. The company currently has 10 projects underway in five states, including Texas, Virginia, Minnesota and Nevada. Donna Jones, 54, was drawn to Mooresville's quiet and safety a decade ago when she and her husband were looking for a place to raise their sons. They bought chickens, then goats and ducks, and they never worried when the boys played outside. 'We had a little farm, and we thought we had paradise,' she said. That little farm is about half a mile from the proposed data center. She worries that the disruption will make it difficult to stay, and just as difficult to leave. 'These are our lives,' she said. 'Our property value. What's going to happen to that? Who's going to want to buy or build a house next to a data center?' In a town where many residents still remember Dale Earnhardt or are friendly with his kin, there is a feeling of protectiveness around the racing star, which extends to the land where he spent time. 'Dale was a hero of mine,' said H.A. Mergen, who spoke at Monday's board meeting. 'This land is Dale's legacy — make no mistake about it. I believe we all know what Dale would want his legacy to be.' Bracey Harris Bracey Harris is a national reporter for NBC News, based in Jackson, Mississippi. Natalie Kainz and Shannon Pettypiece contributed.
