October Revenue Hits Over-4-Year High
T.H.I. Holdings (2636) reported October consolidated revenue of Tahsin NT$3.358 billion, up 12.09% MoM and up 125.54% YoY, a single-month high in over 4 years; cumulative consolidated revenue for the first 10 months of this year was NT$23.497 billion, up 34.02% YoY. The company said October revenue growth was mainly driven by the ocean freight business, affected by client expansion, increased cargo volume, and changes in route freight rates, with ocean freight revenue up more than 2 times YoY; air freight remained growing, benefiting from the fourth-quarter peak cargo season and shipment demand from high-tech industries.
Ocean Freight Up Over 2 Times YoY as Main Driver
By business segment, ocean freight revenue in October was NT$2.387 billion, up 12.28% MoM and up 204.22% YoY, the main growth driver for the group. The company said it continues to deepen operations on major routes, expanding multinational manufacturing and international trade clients through freight-rate arrangements and slot resources, and combining localized services at overseas locations to expand its international client service coverage. Overall ocean freight volume increased, driving significant single-month revenue growth.
Air Freight Benefits From Peak Season and Tech Shipments
Air freight revenue in October was NT$662 million, up 9.66% MoM and up 43.88% YoY. T.H.I. noted that supply-chain activities related to artificial intelligence, semiconductors, electronic components, and high-tech equipment drove time-sensitive and specialized air cargo opportunities; the group continues to expand high-tech transportation business mainly destined for the United States, strengthening air cargo slot arrangements, cross-regional transport coordination, and destination logistics services. In other businesses, China-Europe rail revenue in October was NT$82 million, up 42.65% YoY; domestic logistics revenue was NT$228 million, up 21.78% YoY, both growing from the same period last year.
Fourth-Quarter Focus on Supply-Demand and Risk Control
Through international ocean and air freight, warehousing, customs brokerage, land transport, cross-border logistics, and destination delivery services, the group is expanding logistics services for clients in different industries. Looking to the fourth quarter, T.H.I. said it will continue to monitor international trade policies, supply and demand on major routes, and high-tech shipment trends, strengthen market development and transport resource allocation for its core ocean and air freight businesses, and deepen professional development and business cooperation among its subsidiaries. It will also emphasize customer and cargo structure, gross margin management, operating efficiency, and risk control, balancing business growth and profit quality.