Capital A Berhad’s logistics arm, Teleport, has reported a remarkable achievement for the second quarter of 2024. The company delivered 15.3 million parcels, marking a substantial 215% increase compared to the same period last year. In the first half of 2024 alone, Teleport has already surpassed its entire 2023 delivery volume, reaching over 30 million parcels.
According to Capital A’s Q2 2024 operating results, Teleport handled more than 60,000 tonnes of cargo in the second quarter, a 33% increase from the previous year. Notably, 71% of shipments were delivered the next day. Among the 60,000 tonnes of cargo, 400 tonnes were human hair.
Teleport, a leading Southeast Asian air logistics provider, has seen an 11% increase in capacity. The company’s capacity utilization rate improved from 13% to 15%, indicating a strong volume, revenue growth, and enhanced operational efficiency.
Pete Chareonwongsak, CEO of Teleport, told The STAT Trade Times that there is significant demand from small and medium-sized enterprises (SMEs) in ASEAN countries, including Singapore, Malaysia, and Thailand. Chareonwongsak also noted growing interest from China in the ASEAN region.
Looking ahead to the third quarter of 2024, Teleport plans to expand its partnerships with airlines. In May 2024, Teleport signed a partnership agreement with Pakistan International Airlines to strengthen connections between Southeast Asia and the Middle East. Additionally, in April 2024, Teleport began managing the exclusive commercial rights for Vietjet Air Cargo’s New Delhi – Ho Chi Minh City route. The company aims to deliver two million parcels by 2025 through these strategic collaborations.
In June 2024, Teleport partnered with Etihad Cargo at Air Cargo China to boost cargo capacity in Southeast Asia and the Middle East. This collaboration includes operating a freighter from Ho Chi Minh City to Kuala Lumpur, enhancing Etihad Cargo’s ability to meet demand from Vietnam. The partnership allows Teleport customers to transport e-commerce and general cargo from Kuala Lumpur to global destinations via Etihad Cargo’s network.
Teleport also recently joined forces with Turkish Cargo to expand its network and fleet capacity. This agreement enables Teleport to leverage Turkish Cargo’s network beyond Southeast Asia, facilitating easier transportation of e-commerce volumes to key trade destinations in the Middle East, Europe, the US, and Africa. The partnership includes a joint freighter program focused on Southeast Asian manufacturing cities, enhancing connectivity and increasing fleet capacity.
Capital A Berhad highlighted that Teleport’s growth in the second quarter reflects its successful optimization of services through effective capacity utilization and expanding partnerships. The company remains asset-light while enhancing its network reach and flexibility in capacity planning to better serve both cargo and e-commerce customers.