Mason's net profit in the first quarter surged 22 times, and the peak season of the Trans-Pacific route is expected to last until the end of October!

Mason Shipping announced its first quarter 2021 results on April 27.

During the reporting period, the company achieved consolidated revenue of approximately US$712 million, a year-on-year increase of 38.5%. Net income was US$87.2 million, compared with US$3.8 million in the same period last year, an increase of 2194%, a sharp increase of about 22 times. EBITDA was US$160 million, a year-on-year increase of 244%.shipping from china to amazon fba cost

Mason's net profit in the first quarter surged 22 times, and the peak season of the Trans-Pacific route is expected to last until the end of October! Mason's net profit in the first quarter surged 22 times, and the peak season of the Trans-Pacific route is expected to last until the end of October!
 Matt Cox, Chairman and CEO of Mason Shipping, said that the outstanding performance of Sino-US Express is the main driving force of the company's consolidated revenue growth.
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Data show that in the first quarter, the volume of the Chinese market of Mason Shipping was 41100 FEU, an increase of 218.6% year-on-year. The average freight has also increased significantly.

Mason's net profit in the first quarter surged 22 times, and the peak season of the Trans-Pacific route is expected to last until the end of October! Mason's net profit in the first quarter surged 22 times, and the peak season of the Trans-Pacific route is expected to last until the end of October!"In 2021, our performance in shipping and logistics will continue to be strong. In terms of ocean transportation, the demand for the two Sino-US express airlines CLX and CLX+ continues to maintain rapid growth, mainly due to the maintenance of e-commerce and other high-demand goods. High."
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Matt Cox further analyzed: "At present, severe supply chain congestion continues, especially in the US West Port. This situation is likely to continue into the second quarter. We also expect that due to consumption growth including e-commerce , Will continue until the second quarter, and the demand for trans-Pacific routes will continue to improve. Therefore, the strong demand for CLX and CLX+ routes will continue until the end of October."

In 2020, China's exports will be dominated by derivatives of the "home economy", as well as a large number of urgently needed anti-epidemic materials overseas. These commodities have high requirements for timeliness. The biggest selling point of Mason Line’s CLX route is its speed, and it has therefore become the third mode of transportation between air freight and ordinary sea freight in the Sino-US shipping market.

Due to the characteristics of the CLX route, it can just meet the surge in the transportation demand for epidemic prevention materials. To this end, in mid-May 2020, Mason launched the CLX route overtime ship.
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Gao Qiang, senior vice president of Mason Shipping Asia, said in a previous interview: “Starting from July 2020, as the traditional foreign trade and cross-border e-commerce export business continues to pick up, customers’ requirements for the timeliness of Sino-US Express will also increase. Increase with it. This allowed us to finally normalize the overtime vessels of the CLX route and upgrade it to the CLX+ route (Mason Jet Airways)."

It is understood that the CLX route and the CLX+ route are set off a day apart. This is not only an increase in the scale of capacity, but also double insurance for customers' urgent and late shipments and delays caused by customs inspections to increase transportation flexibility.

Mason Lines not only met customers' demand for space on premium routes by providing double-shift express flights a week, but also enabled strong performance in the first quarter of 2020 and 2021.
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