Total Revenue

+30% YoY

Total Revenue increased to $2,954.71M, up 30% from $2,277.75M, driven by strong demand for ocean freight and airfreight services as importers front‐loaded shipments and improved rate environments, building on the recovery seen in previous periods. " "

Airfreight Services

Key revenue driver (no direct YoY %) reported for Q4 2024

Airfreight Services reached $1,063.05M, emerging as a key revenue driver; improvements reflect continued strong e-commerce demand and capacity constraints that had been evolving since earlier quarters, overcoming previous volatility in rates and volumes. "

United States Revenue

+12% YoY

U.S. revenue increased from $775.36M to $866.61M, boosted by higher average buy and sell rates and increased shipment volumes as importers adjusted their strategies amid evolving market conditions compared to the prior period. "

North Asia Revenue

+46% YoY

North Asia revenue surged from $573.01M to $837.69M due to stronger demand driven by increases in average sell and buy rates and robust e-commerce activity, continuing trends from earlier periods where disruptions (e.g., in the Red Sea) pressured ocean transit and increased the reliance on airfreight. " "

South Asia Revenue

+84% YoY

South Asia revenue climbed from $234.30M to $430.13M, reflecting a dramatic increase resulting from higher average rates, manufacturing relocations, and a significant boost in container and airfreight volumes compared to the previous period. " "

Middle East, Africa, & India Revenue

+70% YoY

Revenue in this region rose from $118.68M to $201.60M, driven by increased airfreight demand as shippers switched from slower ocean services amid longer transit times and disruptions, leading to higher average rates and overall volume gains. " "

Operating Income

Shift from a loss ($554.73M) to a profit ($301.10M)

Operating Income turned around dramatically from a loss of $554.73M in Q4 2023 to a profit of $301.10M in Q4 2024, reflecting strong revenue growth alongside operational efficiency and cost management improvements that built on earlier recovery trends, enabling better absorption of increased shipping volumes. " "

Net Income

Reversed from negative (-$385,240) to positive ($235,878K) with EPS change from –$1.85 to $1.69

Net Income improved markedly as a result of higher Total Revenue (up 30%), a 40% increase in Operating Income, and tighter cost controls; these factors reversed the previous period’s losses and led to EPS improvement from –$1.85 to $1.69, demonstrating structural recovery and strategic capital management. " "