Dimerco Express Group (5609) today announced the consolidated sales revenue for February 2026, reaching NT$2,057 million, a 3.8% decrease compared to the same period last year. In February, the number of working days was approximately one-quarter fewer than in a typical month, and compared to February last year, due to the Lunar New Year holiday, which had some impact on overall freight volumes. However, driven by customer shipment demand, air and ocean freight volumes still grew by more than 10% compared with the same period last year, maintaining steady overall growth. Nevertheless, overall market freight rates declined compared with the same period last year, which had a certain impact on revenue performance. The consolidated sales revenue of February 2025 YTD is NTD 4,410 million, a slight decrease of 0.6% compared to the same period last year.
The recent escalation of geopolitical tensions in the Middle East has significantly increased safety risks in the Persian Gulf and surrounding airspace and shipping routes, adding new uncertainties to the global air and ocean shipping networks. The impact may extend beyond the conflict zones, potentially triggering ripple effects throughout the worldwide transportation system.
In the air freight market, statistics show that major Middle Eastern carriers account for approximately 13% of global international air cargo capacity. When including other airlines operating to and from the Middle East, around 17% of global air cargo capacity could be potentially affected. Recently, over 3,400 flights worldwide have been canceled or rerouted, and several airlines have adjusted certain flight services. As flights need to avoid the affected airspace, flight durations on Asia-to-Europe routes may increase by approximately 1 to 3 hours, resulting in higher fuel demand and reduced available cargo capacity on long-haul flights.
In ocean freight, the market is also closely monitoring safety risks in key shipping chokepoints such as the Persian Gulf and the Strait of Hormuz. The Strait of Hormuz is a vital route for global energy and cargo flows, with approximately 20% of the world’s oil trade transported through this gateway. Should regional security conditions further deteriorate, fuel prices could rise rapidly, leading to increased shipping operating costs.
On global trade policy, the U.S. Court of International Trade (CIT) recently issued a ruling on IEEPA (International Emergency Economic Powers Act) tariff cases, requiring U.S. Customs and Border Protection (CBP) to refund certain duties on imports that have not yet been finally liquidated, including cases still within the 180-day protest period. The market generally expects that, if the refund mechanism is ultimately implemented, it could help some companies reduce the tariff costs they have incurred over the past period. However, the market is still assessing the actual impact of the ruling on corporate tariff expenses and supply chain decisions, and the details and scope of the refund mechanism remain subject to further judicial proceedings and official guidance.
In air freight, Dimerco can provide Air–Air Relay solutions through major global transshipment hubs, leveraging a diverse network of airline partners in the Asia region to flexibly adjust flights and transit points, ensuring stable cargo flow. For specific types of shipments, Dimerco can also offer China–Europe rail transport as an alternative to air and ocean freight.
For time-sensitive or high-volume shipments, Dimerco can arrange charter services and leverage flexible multimodal transportation solutions, adjusting optimal routes based on real-time market capacity. Shipments can also be consolidated through major European logistics gateways and distributed to local markets via regional trucking networks, enhancing overall logistics efficiency and strengthening supply chain resilience.
Dimerco recommends that customers proactively plan their shipments during periods of market volatility, including booking space in advance, allowing extra transit time, and maintaining flexibility in routing, while closely coordinating shipment plans with their logistics service teams. Companies may also consider reviewing cargo insurance and supply chain contingency plans to mitigate risks associated with sudden route adjustments, delays, or service disruptions.
Dimerco stated that in the face of rising geopolitical risks and changes in the global shipping environment, the company will continue to leverage its worldwide operational network and professional teams to monitor route adjustments and market capacity in real time. By integrating air, ocean, rail, and multimodal transportation solutions, Dimerco helps customers flexibly adjust logistics strategies to reduce supply chain disruption risks and maintain stable cargo flow. Moving forward, Dimerco will continue to strengthen its global network and digital logistics capabilities, enhancing supply chain resilience in an uncertain market environment while steadily driving the company’s long-term operational growth.
Spokesperson: Jack Ruan +886 921-062500 / +8862 2796-3660#222
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