BRIEF: YTO International loss widens on volatility in international freight market
Logistics company YTO International Express and Supply Chain Technology Ltd. (6123.HK; 600233.SH) on Friday said its net loss widened last year, as its freight business suffered from volatility in the…
BRIEF: YTO’s first-half loss widens on slumping ocean, air freight
YTO International Express and Supply Chain Technology Ltd.(6123.HK) reported on Thursday its revenue slumped 52.5% year-on-year to HK$1.41 billion ($181million) in the first half of the year, while its loss…
ZTO momentum slows in third quarter as headwinds build
The delivery company’s revenue and profit both rose year-on-year despite China’s economic slowdown, but both figures were down from the second quarter Key Takeaways: ZTO earned 2.35 billion yuan in…
NEWS WRAP: ZTO Express zooms on Covid rebound, but warns of ‘soft economic environment’
The leading Chinese parcel delivery company’s revenue rose 12.5% in the second quarter, while its profit jumped 44% By Doug Young Parcel delivery company ZTO Express (Cayman) Inc. (ZTO.US;…
Shengfeng drives into investor fast lane with big post-IPO gains
The logistics company’s shares have more than doubled since their March IPO, including a 36% jump on a single day this week Key Takeaways: Shengfeng’s shares have risen sharply since…
