J&T Global Express (J&T Express), the Hong Kong-listed Indonesian logistics service provider, announced Tuesday that the firm achieved a total parcel volume of 7.39 billion in the fourth quarter, a 32.5 percent year-over-year increase, with an average daily volume of 80.3 million parcels.

For the full year 2024, J&T Express handled 24.65 billion parcels, representing a 31 percent year on year increase and a 30.7 percent increase in average daily volume to 67.3 million parcels, J&T Express said in a statement.

According to the statement, the fourth quarter growth was primarily driven by Southeast Asia and China, coinciding with the peak e-commerce season in these key markets.

In Southeast Asia, J&T Express saw parcel volume jump 62.5 percent year on year to 1.4 billion in the fourth quarter.

Full-year parcel volume in the region reached 4.56 billion, a 40.8 percent year on year surge, significantly exceeding market expectations of industry growth.

In China, the fourth quarter parcel volume grew 27.4 percent year on year to 5.91 billion.

The region’s full-year volume reached 19.8 billion, a 29.1 percent increase, outpacing industry growth in the first eleven months of the year.

Parcel volume in new markets, including the Middle East and Latin America, reached 74.4 million in the fourth quarter, a marginal 0.1 percent year on year increase.

The markets’ full-year volume grew 22.1 percent to 280 million parcels.

Throughout 2024, J&T Express continued to invest in infrastructure, expanding its transportation fleet and deploying automated sorting equipment.

The company’s line-haul vehicles grew by 1,300 vehicles in Southeast Asia and 900 vehicles in China, reaching totals of 4,600 and 7,100 vehicles, respectively.

The number of automated sorting machines across all markets increased by 45 to 279.

J&T Express also strategically optimized its network partnerships and outlets, upgrading sorting centers to enhance operational efficiency.

As of year-end 2024, the company operated 19,100 outlets and 238 sorting centers.

“J&T Express delivered strong growth in Q4 2024, fueled by robust performance in Southeast Asia and China,” said Dylan Tey, Chief Financial Officer of J&T Express.

According to him, the over 60 percent surge in Southeast Asia’s fourth quarter volume, in addition to a low base from the same period last year, was driven by strong shipments from major e-commerce clients during peak shopping festivals like Double 11, as well as the firm’s continued expansion of parcel volume from non-e-commerce platforms,

In China, he said the firm capitalized on the continued rapid growth of the express delivery industry, strengthening its market position with key e-commerce platforms.

“Our strategic focus on reverse logistics and individual parcels also contributed to strong results,

“With our robust network, high-quality service, and diversified growth strategies, J&T Express is well-positioned to benefit from the continued rapid growth of the e-commerce market,” he added.

J&T Express is a global logistics service provider with leading express delivery businesses in China and Southeast Asia, the largest and fastest-growing market in the world.

Founded in 2015, the firm’s network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the United Arab Emirates (UAE), Mexico, Brazil and Egypt.

J&T Express launches first self-built smart supply chain industrial park in China