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Taiwan-based Freight Forwarder TGH Reports Four-Year High Monthly Revenue
Distribution Services · Wholesale Distributors · economic_daily · 2026-10-12
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TGH Holdings achieved a four-year monthly revenue high of NT$2.996 billion in September, driven by strong ocean freight rates and optimized air cargo operations.
What Happened
Record Revenue: TGH Holdings reported September consolidated revenue of NT$2.996 billion, a 3% monthly increase and a 99.17% year-on-year surge, marking the highest monthly revenue in over four years. Cumulative revenue for the first nine months reached NT$20.139 billion, up 25.53% year-on-year.
Ocean Freight Performance: Ocean freight was the primary driver of growth, with revenue reaching NT$2.126 billion, a 172.81% year-on-year increase. High freight rates on Asia-US routes and shifts in global supply chain configurations have allowed the company to expand its market share and profitability.
Air and Rail Logistics: Air freight revenue grew by 27.01% as the company successfully targeted high-tech industry clients to improve its high-value cargo mix. Additionally, the China-Europe rail freight business saw a 62% year-on-year revenue increase, highlighting the effectiveness of the company's diversified logistics strategy.
Future Outlook: Looking toward the fourth quarter, TGH remains cautious about international freight rate volatility and geopolitical risks. The company plans to leverage its global network to optimize cargo structures and integrate transport resources, aiming to sustain its growth momentum and profit quality.