J&T Express Q1 Parcel Volume Rises
Analysis based on 7 articles · First reported Apr 12, 2026 · Last updated Apr 12, 2026
The strong Q1 performance of SKY Express, particularly its significant growth in Southeast Asia and other markets, is likely to positively impact investor confidence in the logistics sector. The company's expansion and operational efficiency improvements suggest a robust outlook, potentially leading to increased stock valuation for SKY Express and other related e-commerce and logistics entities.
SKY Express announced its Q1 2026 business update, reporting a 26.2% YoY increase in total parcel volume to 8.326 billion. Non-China parcels accounted for 35.1%, up 4.3 percentage points QoQ. Southeast Asia saw a 79.9% YoY rise in parcel volume to 2.768 billion, driven by improved operating efficiency, cooperation with e-commerce platforms, and the Ramadan shopping season. SKY Express expanded capacity in Southeast Asia by increasing line-haul vehicles to 6,200 and automated sorting lines to 73. In China, parcel volume grew 8.4% YoY to 5.404 billion due to strategic adjustments and refined management. Other markets experienced a 100.5% YoY increase in parcel volume to 154 million, with SKY Express adding 400 outlets and 5 sorting centers. The company collaborated with global cross-border e-commerce platforms like ByteDance — TikTok Shop, Temu, Shein, and Alibaba Group — AliExpress, as well as local partners such as Mercado Libre, to capitalize on growth opportunities.
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