Business
Jayud Global Logistics Limited Launches New Air Charter Services between Indonesia, Philippines, and Shenzhen
Route Expansion Complements Established Services from Hong Kong, Changsha, and Wenzhou SHENZHEN, China, July 18, 2023 /PRNewswire/ -- Jayud Global Logistics
About this update from Jayud Global Logistics Limited
[{"type":"text","content":"Route Expansion Complements Established Services from Hong Kong, Changsha, and Wenzhou\nSHENZHEN, China, July 18, 2023 /PRNewswire/ -- Jayud Global Logistics Limited (NASDAQ: JYD) (\"Jayud\" or the \"Company\"), one of the leading Shenzhen-based end-to-end supply chain solution providers in China, with a focus on providing cross-border logistics services, today announced the inauguration of its new routes between Shenzhen, China, and destinations in Indonesia and the Philippines. This move follows a strategic agreement signed with China Central Airlines in the second quarter of 2023.\nThe new charter service will operate on a weekly basis, providing reliable and safe transportation of goods between Shenzhen and Jakarta, Indonesia (CGK), Davao City, Philippines (DVO), and its recently renewed Clark, Philippines (CRK) route. The service will be supported by B737-300F and B737-800F aircraft, with a maximum weight limit of 20 tons per flight, capable of transporting a wide range of goods, including general merchandise, high-value items, and food products.\nThese new charter services complement Jayud's established services, including routes between Hong Kong and New Delhi, India (DEL), Chennai, India (MAA), Mumbai, India, and Dhaka, Bangladesh (DAC), along with routes between Changsha and Bangkok, Thailand (BKK), and between Wenzhou and Manila, Philippines (MNL).\nXiaogang Geng, Chairman of the Board of Directors & Chief Executive Officer of Jayud, commented, \"We are thrilled to expand our network to these strategically significant destinations. This new charter service further solidifies our commitment to the Southeast Asian market and enables us to better serve our customers by providing direct, seamless logistics solutions.\"\nThe decision to expand into Indonesia and the Philippines aligns with the remarkable growth of e-commerce in Southeast Asia. With a current market size of USD 5.43 billion and an anticipated CAGR of over 14.5% during the forecast period[1], the ASEAN e-commerce logistics market is one of the fastest-growing worldwide. The market expansion is largely driven by rapid e-commerce growth, burgeoning social commerce, and increasing internet penetration in the region.\nJayud's new routes will meet the growing demands for logistics services in the region and contribute to the robust economic growth and digital tran...