Dimerco Express Corporation (5609) today announced the excellent business performance and continuous growth in revenue during the period, can be attributed to the competitive advantage and operational strengths of Dimerco’s extensive physical network in over 150 key niche markets and its powerful digital platform. This combination enables the company to provide customers with seamless, integrated international logistics value chain services that are accessible and efficient. The consolidated sales revenue of August 2024 is NTD 2,467 million, an increase of 44.6% compared to August 2023 while cargo volume grew by 30%. The consolidated sales revenue of August 2024 YTD is NTD 17,023 million, an increase of 22.9% compared to the same period last year.
In August, we continue to face numerous challenges and uncertainties, including the unresolved Red Sea issue, the ongoing Russia-Ukraine war, anticipation around a potential U.S. interest rate cut in September, the upcoming November election, labor negotiations at East Coast ports, and the Israel-Palestine conflict. Despite these obstacles, the airfreight market remains strong, driven by demand for eCommerce goods, AI-related products, consumer electronics launches, and a shift from ocean to airfreight. Meanwhile, the ocean freight market has seen a decline in rates due to increased capacity from additional chartered vessels and the early end of peak season.
In response to these market fluctuations, Dimerco offers diverse services such as China-Europe rail, sea-air and charter flights to meet customer needs. The company also leverages AI and process automation to enhance productivity, improve service efficiency, and generate benefits. Through digital marketing, Dimerco continues to strengthen its value-added supply chain management services, successfully attracting high-quality customers and maintaining steady revenue growth.
For the Earth Sustainability, Dimerco has aligned ESG goals with Cathay’s vision on its Corporate Sustainable Aviation Fuel (SAF) Programme, to support the earth with practical action with our worldwide customers and stakeholders on reduction of greenhouse gas emissions associated with aviation.
Due to Dimerco’s global network of forwarding and logistics locations and our cloud-based SCM international logistics service platform with clear market positioning by focusing on niche market & differentiation, strategical localization and effective digital marketing to attract customers, Dimerco has been able to deliver solid results. The implementation of the latest Information Security Management (ISM) and protection framework ensures that information security measures align with the development of digital transformation. With the development on Digital Transformation, Cloud Networking SCM Platform of Dimerco Value Plus System® and Cyber Security Certification, Dimerco enhances not only on supply chain value to customers and continuous business development with multiple high-quality multinational clients but also on additional benefits and productivity to worldwide network via application of Semi-Automation.
Looking ahead, attributed to the competitive advantage and operational strengths of Dimerco’s extensive physical network in over 150 key niche markets and its powerful digital platform, Dimerco is poised to continue growing its revenue, constantly reaching new heights in both revenue and profitability.
Spokesperson: Jack Ruan +886 921-062500 / +8862 2796-3660#222
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