J&T Express daily volume surges past 100 million in Q2 amid global expansion

J&T Global Express Ltd, the Hong Kong-listed logistics service provider, reported record second-quarter parcel volume as its average daily parcel volume surpassed 100 million for the first time, driven by strong growth in Southeast Asia and other overseas markets.

The company handled 9.18 billion parcels from April to June, up 24.2 percent year-on-year, while parcel volume outside China surged 66.9 percent to 2.97 billion, accounting for nearly one-third of its global total.

J&T Express maintained strong growth in Southeast Asia in the second quarter. Parcel volume in Southeast Asia reached 2.76 billion, up 63.2 percent on a yearly basis, with average daily parcel volume reaching 30.3 million. For the first half of the year, parcel volume in the region reached 5.52 billion, up 71.2 percent year-on-year.

As of June 30, 2026, the number of J&T Express's sorting centers in Southeast Asia increased by six from the end of 2025 to 127, while automated sorting lines increased by 11 to 75, supporting sustained growth in the region's e-commerce and express delivery markets.

In China, the company adapted to changing market conditions by optimizing its network structure, customer mix, and operating efficiency. Its parcel volume in China reached 6.21 billion in the second quarter, up 10.6 percent year-on-year, with average daily parcel volume reaching 68.2 million.

Its automated sorting lines in China increased by eight to 346 in the first half of the year, further supporting parcel volume growth and improved sorting efficiency.

In other markets, including Latin America and the Middle East, second-quarter parcel volume jumped 136.5 percent year-on-year to 211 million as J&T Express expanded its cross-border logistics business and deepened cooperation with major e-commerce platforms.

Morgan Stanley recently upgraded J&T Express to overweight, saying it sees stronger growth prospects than for its peers because of the company's global expansion strategy.

"We see higher e-commerce growth potential where J&T has exposure in Southeast Asia and South America," the investment bank said.