SINO is upgrading its business from an international freight forwarding provider to a full-service logistics operator under the Seamless Logistics concept, aiming to create new revenue streams and enhance profitability. This strategy will increase the value of services per customer, expanding from revenue solely from international shipping to related services across the entire logistics chain, including sea freight, air freight, domestic transportation, warehousing, and other services. This offers the potential for higher profit margins and reduces earnings volatility tied solely to freight rate cycles. The company has continuously invested in business expansion through acquisitions, purchasing Worldlink Transport Group in the United States to strengthen domestic transportation capabilities, and acquiring AS Logistics to expand air freight services. It has also expanded its warehouse network to nine facilities, while adding trucking and tractor services to connect all offerings. Chief Executive Officer Nanthaman Wittayasakphan disclosed that this transition comes amid uncertainty over US trade policy and conflict in the Middle East, which have driven up freight rates. The company estimates that freight rates in the third quarter of 2026 will remain elevated or may rise further with the export season, and expects them to stay high at least until October to November 2026. Meanwhile, Asian markets, particularly India and Pakistan, still have high growth potential and are boosting demand for integrated logistics services.
Sino Logistics Corporation Public Company LimitedSINO shifts to full-service logistics model, aiming to boost revenue and profit margins.