T.S. Lines March Revenue Up 15% Month-on-Month, Shipments Recover After Lunar New Year
T.S. Lines announced March consolidated revenue of NT$1.659 billion, a 15.46% increase from February but a 4.56% decrease year-on-year. Cumulative consolidated revenue for the first three months was NT$4.847 billion, down 12.99% year-on-year. The revenue rebound is mainly attributed to the recovery of working days after the Lunar New Year and the gradual replenishment of previously delayed shipments.
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- 📰 Published: April 9, 2026 at 20:14
- 🔍 Collected: April 9, 2026 at 21:00 (46 min after Published)
- 🤖 AI Analyzed: April 15, 2026 at 19:34 (142h 34m after Collected)
T.S. Lines today announced its March consolidated revenue of NT$1.659 billion, a 15.46% increase from February, but a 4.56% decrease compared to the same period last year. Cumulative consolidated revenue for the first three months reached NT$4.847 billion, a 12.99% year-on-year decrease.
T.S. Lines stated that the rebound in March revenue was mainly due to the resumption of working days after the Lunar New Year, with previously delayed shipments gradually being replenished, driving a recovery in overall shipping momentum. Operational performance across all business segments improved simultaneously.
In terms of sea freight, March revenue was NT$861 million, a 10.35% month-on-month increase but a 5.82% year-on-year decrease. T.S. Lines pointed out that the month-on-month increase in March sea freight revenue primarily reflected the recovery of shipments after the holiday and an increase in cargo volume on some routes. At the same time, freight rates on some routes rebounded from February, but the market is still in an adjustment process given the relatively ample capacity supply. However, overall market price momentum improved from February.
Regarding air freight, T.S. Lines observed that March revenue increased by 20.68% from February and by 8.49% compared to the same period last year, supported by demand for high-end electronic products, semiconductor equipment, and project-based cargo.
For China-Europe rail, March revenue was NT$75 million, a 57.67% increase from February but a 25.29% decrease year-on-year. T.S. Lines stated that the revenue rebound from the previous month was mainly due to some February-delayed trains being shipped in March, coupled with increased booking demand from February, driving cargo volume recovery. In addition, freight rates saw a phased increase in March due to relatively tight capacity supply.
T.S. Lines noted that overall, the logistics market in the first quarter of 2026 is still in an adjustment process. Although demand recovered after the holiday, performance varied across regions and industries due to relatively ample capacity supply and changes in the international trade environment. Recent international trade policies and geopolitical factors continue to influence market sentiment, with customers generally maintaining caution in shipment and inventory arrangements, and supply chain configurations continuously adjusting towards diversification and flexibility. (Editor: Yang Lan-hsuan) 1150409
T.S. Lines stated that the rebound in March revenue was mainly due to the resumption of working days after the Lunar New Year, with previously delayed shipments gradually being replenished, driving a recovery in overall shipping momentum. Operational performance across all business segments improved simultaneously.
In terms of sea freight, March revenue was NT$861 million, a 10.35% month-on-month increase but a 5.82% year-on-year decrease. T.S. Lines pointed out that the month-on-month increase in March sea freight revenue primarily reflected the recovery of shipments after the holiday and an increase in cargo volume on some routes. At the same time, freight rates on some routes rebounded from February, but the market is still in an adjustment process given the relatively ample capacity supply. However, overall market price momentum improved from February.
Regarding air freight, T.S. Lines observed that March revenue increased by 20.68% from February and by 8.49% compared to the same period last year, supported by demand for high-end electronic products, semiconductor equipment, and project-based cargo.
For China-Europe rail, March revenue was NT$75 million, a 57.67% increase from February but a 25.29% decrease year-on-year. T.S. Lines stated that the revenue rebound from the previous month was mainly due to some February-delayed trains being shipped in March, coupled with increased booking demand from February, driving cargo volume recovery. In addition, freight rates saw a phased increase in March due to relatively tight capacity supply.
T.S. Lines noted that overall, the logistics market in the first quarter of 2026 is still in an adjustment process. Although demand recovered after the holiday, performance varied across regions and industries due to relatively ample capacity supply and changes in the international trade environment. Recent international trade policies and geopolitical factors continue to influence market sentiment, with customers generally maintaining caution in shipment and inventory arrangements, and supply chain configurations continuously adjusting towards diversification and flexibility. (Editor: Yang Lan-hsuan) 1150409