Freight forwarder T3EX Global Holdings Corp (台驊國際) on Friday reported revenue for last year of NT$3.45 billion (US$124.6 million), up 90 percent from a year earlier, and cumulative revenue of NT$36 billion for the year, up 137 percent from a year earlier, on the back of high shipping rates.
Revenue from its sea cargo forwarding operation showed the highest growth among all sections, advancing 224 percent from a year earlier to NT$25.6 billion for last year, followed by 137 percent growth from its railway forwarding business to NT$1.69 billion, T3EX said.
Port congestion and labor shortages, as well as COVID-19 lockdowns in Southeast Asian countries, continued to push sea freight rates upward, contributing to revenue momentum, the forwarder said.
Photo courtesy of Dimerco Express Corp
“Shippers’ on-time ratios remain at a record low level — only one-third of all vessels can operate and deliver goods on time. There is still a discrepancy between supply and demand in the sea shipping market,” T3EX said in a statement.
The forwarder expects air cargo rates to remain high this year, as the disruption in the sea freight market could prompt more clients to utilize air services, it said.
T3EX’s peer Dimerco Express Corp (中菲行) on Thursday reported revenue of NT$38.85 billion for last year, up 72 percent from a year earlier, on stronger freight rates.
Dimerco, which focuses on strategic logistics planning and execution for international goods, saw full-year revenue from its air cargo forwarding operation rise 47.5 percent from a year earlier to NT$21.22 billion, accounting for 54.7 percent of all revenue, it said.
Revenue from its sea freight forwarding operation advanced 137 percent year-on-year to NT$16.2 billion, accounting for 41.8 percent of all revenue, it said.
PROTECTION: The investigation, which takes aim at exporters such as Canada, Germany and Brazil, came days after Trump unveiled tariff hikes on steel and aluminum products US President Donald Trump on Saturday ordered a probe into potential tariffs on lumber imports — a move threatening to stoke trade tensions — while also pushing for a domestic supply boost. Trump signed an executive order instructing US Secretary of Commerce Howard Lutnick to begin an investigation “to determine the effects on the national security of imports of timber, lumber and their derivative products.” The study might result in new tariffs being imposed, which would pile on top of existing levies. The investigation takes aim at exporters like Canada, Germany and Brazil, with White House officials earlier accusing these economies of
EARLY TALKS: Measures under consideration include convincing allies to match US curbs, further restricting exports of AI chips or GPUs, and blocking Chinese investments US President Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under former US president Joe Biden to limit Beijing’s technological prowess. Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd and ASML Holding NV engineers from maintaining semiconductor gear in China, people familiar with the matter said. The aim, which was also a priority for Biden, is to see key allies match China curbs the US
Teleperformance SE, the largest call-center operator in the world, is rolling out an artificial intelligence (AI) system that softens English-speaking Indian workers’ accents in real time in a move the company claims would make them more understandable. The technology, called accent translation, coupled with background noise cancelation, is being deployed in call centers in India, where workers provide customer support to some of Teleperformance’s international clients. The company provides outsourced customer support and content moderation to global companies including Apple Inc, ByteDance Ltd’s (字節跳動) TikTok and Samsung Electronics Co Ltd. “When you have an Indian agent on the line, sometimes it’s hard
‘SACRED MOUNTAIN’: The chipmaker can form joint ventures abroad, except in China, but like other firms, it needs government approval for large investments Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) needs government permission for any overseas joint ventures (JVs), but there are no restrictions on making the most advanced chips overseas other than for China, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. US media have said that TSMC, the world’s largest contract chipmaker and a major supplier to companies such as Apple Inc and Nvidia Corp, has been in talks for a stake in Intel Corp. Neither company has confirmed the talks, but US President Donald Trump has accused Taiwan of taking away the US’ semiconductor business and said he wants the industry back
RSS