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J&T Global Express made US$58.8 million in gross profit in China while fending off fierce competition from SF Express, STO Express and YTO Express.
That growth underscores the industry’s resilience in the face of US trade sanctions, which included the blacklisting of consumer drone giant DJI last year.
A number of the platforms that closed shop last year were once backed or funded by Chinese e-commerce giants like Alibaba and JD.com.
Chinese air express carriers saw increased parcel volume in July, continuing a trend of growth driven primarily by rising e-commerce shipments. China’s parcel volume for July totaled 9.6 billion, an 8% year-over-year increase, averaging about 311 million parcels per day for the month, China’s State Post Bureau reported. Meanwhile, the gross merchandise value of online
Express airfreight volumes, strengthened by e-commerce shipments, are expected to outgrow general air cargo volumes by 2041. Pre-pandemic express volumes accounted for roughly 17% of overall cargo volumes, Airbus recently reported in its Global Market Forecast 2022 (GMF22) published in July. However, by 2041, express shipments are forecasted to account for 25% of overall volumes.