J&T Express Delivers 7.68 Billion Parcels in Q3 2025

J&T Express reported a 23.1 percent year-on-year rise in global parcel volume for Q3 2025, handling 7.68 billion parcels across its international network.

The logistics major, which operates in Southeast Asia, China, and emerging markets such as Saudi Arabia, the UAE, Mexico, Brazil, and Egypt, continues to strengthen its cross-border delivery capacity and infrastructure.

The strongest growth came from Southeast Asia, where parcel volume surged 78.7 percent to 2 billion parcels in the quarter. J&T expanded its regional network to 10,700 outlets and boosted its line-haul fleet to 5,500 vehicles, adding 900 new trucks since early 2025. In China, J&T’s largest market, parcel volume grew 10.4 percent year-on-year to 5.6 billion parcels, but revenue per parcel slipped from $0.34 to $0.30, pressuring margins.

Key Highlights

J&T Express shipped 7.68 billion parcels globally in Q3 2025, up 23.1 percent year-on-year
Southeast Asia parcel volume surged 78.7 percent to 2 billion; China rose 10.4 percent
Adjusted EBIT dropped 78 percent to $13 million as revenue per parcel declined

Adjusted EBIT fell 78 percent to $13 million, reflecting challenges in China’s highly competitive logistics space.

In new markets, J&T handled 104 million parcels, up 47.9 percent, demonstrating strong early traction in the Middle East and Latin America. However, thinner margins and limited per-market disclosures have raised investor concerns about profitability balance between Southeast Asia’s growth and China’s softness.

Also Read: Singapore Leads APAC Logistics and Real Estate Growth

As regional logistics modernize, J&T’s growth aligns with Southeast Asia’s booming e-commerce and EV logistics ecosystem, especially amid Thailand’s shifting EV subsidies and broader regional electrification.