J&T Express Posts 26.2% Parcel Volume Growth in Q1 2026, Southeast Asia Surges 79.9%
J&T Global Express Limited (1519.HK) reported total parcel volume of 8.326 billion for the first quarter ended March 31, 2026, a 26.2% year-on-year increase, with average daily volume of 92.5 million parcels. Non-China parcels accounted for 35.1% of the total, up 4.3 percentage points quarter-on-quarter, reflecting the company’s accelerating international diversification.
Southeast Asia was the standout performer. Regional parcel volume climbed 79.9% year-on-year to 2.768 billion, with average daily volume of 30.8 million and peak daily volume exceeding 47 million. The Ramadan shopping season contributed to peak-period demand, while deeper integration with major e-commerce platforms and ongoing infrastructure investment underpinned the structural gains. J&T’s line-haul vehicle fleet in Southeast Asia grew to 6,200 units, and automated sorting lines expanded from 64 to 73 by quarter-end.
China delivered more measured growth, with parcel volume reaching 5.404 billion, up 8.4% year-on-year and in line with the broader industry average. The company attributed the performance to network efficiency improvements and a deliberate realignment of its client mix, with sequential recovery noted from the prior quarter.
The highest growth rate came from J&T’s other markets segment — primarily Latin America — where parcel volume reached 154 million, up 100.5% year-on-year, with average daily volume of 1.7 million. The company added 400 outlets and five sorting centers across these markets during the quarter. Cross-border platform partnerships with TikTok, Temu, SHEIN, AliExpress, and regional player Mercado Libre are driving volume, with J&T positioning its China and Southeast Asia operational playbook as a replicable template for Latin American scale-up.
Group Vice President Charles Hou described the quarter as an encouraging start to 2026, citing the combination of infrastructure investment, platform partnerships, and refined network management as the foundation for full-year performance. With non-China volume share rising and emerging markets now doubling year-on-year, J&T’s growth story is increasingly one of geographic rebalancing as much as absolute volume expansion.