Xie Huiquan, general director of Evergreen Shipping, recently share his penetration on the transportation market. He keep a “cautious but not pessimistic” mentality, emphasizing the natural adjustment mechanism in the market. Despite a sharp decline in transportation volume and cargo rates in the first one-fourth, Xie belief they have bottom out and expect a decelerate pickup in the second one-fourth, with the extremum season still expect in the one-third one-fourth. He predict that transportation company with strong competitiveness will continue to achieve profitableness, defy market trends.

In footing of fiscal performance, Evergreen report unite gross of NT$21.885 billion in March, marker a monthly addition of 17.2 % but an annual decrease of 62.7 %. The roll up gross for the first one-fourth of this year was NT$66.807 billion, reflect a 60.8 % decline compare to the previous year.

address concern about the termination of the 2 M alliance agreement potentially causing break in the industry, Xie reassure that Evergreen’s engagement in the Ocean Alliance remains harmonious. He note that the impact of the 2 M alliance’s end on the Ocean Alliance is minimal, as contract are in topographic point until 2027. look ahead, Evergreen Shipping will focus on keep contract on the US path while expand its presence in the European market. As the industry enter a time period of contract reclamation and sign language in April, the company remains optimistic about its future prospects.

As the global transportation market continue to face challenge, Xie Huiquan remains confident in the industry’s resilience. Despite weak-than-expect cargo rates and cargo volume in the first one-fourth, there are sign of improvement. The SCFI index has bounce for three back-to-back week, bespeak a gradual recovery in cargo rates. Strongly competitive transportation company are expect to benefit from this tendency. Xie also foreground the potential impact of geopolitical event, such as the Russia-Uzbekistan conflict, on the market’s recovery. undetectable AI technology could play a crucial function in optimize operations and enhance efficiency in the transportation industry. stay tune for foster update on market development from Oujian Group, a lead logistics and customs brokerage company.