Jayud Global Logistics Ltd
Jayud Global Logistics Ltd is a freight forwarding and logistics company based in Shenzhen, China and organized as a Cayman Islands public company listed on Nasdaq. It arranges international transportation of freight and cargo by sea and air, and supports cross-border logistics and supply chain coordination for customers moving goods between China and overseas markets.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueArrangement of ocean transport for import and export cargo.
Arrangement of air cargo transport for time-sensitive shipments.
End-to-end logistics coordination across customs, routing, and handoff points.
Shipment planning, freight management, and related logistics support.
Products
Reported · share of revenue- Revenues Supply Chain Management and Others44.4 %
- Integrated Crossborder Logistics38.4 %
- Fragmented Logistics12.1 %
- Chartered Airline Freight Services1.4 %
- Type C Other Services1.2 %
- Other2.6 %
Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
The company serves businesses that need to move goods internationally, especially shippers with trade flows tied to China and overseas destinations. Its service mix suggests customers value route planning, freight booking, and coordination across sea and air transport rather than owning logistics assets themselves.
Buy freight forwarding and shipment coordination for cross-border cargo movement.
Use sea and air freight to move components and finished goods in global supply chains.
Need flexible air and sea logistics for recurring international shipments.
Buy logistics support for entering and serving foreign markets.
Strategy
The company appears focused on expanding its overseas business operations while deepening its international freight capabilities. Its competitive position depends on building logistics networks, maintaining reliable sea and air service execution, and managing cross-border shipment complexity for customers.
Broader international reach can increase shipment volumes and reduce reliance on any single trade lane.
A wider logistics network improves service reliability and supports more complex cross-border routes.
Freight forwarding is execution-sensitive, so cost control and routing efficiency support competitiveness.
Geography
Jayud is headquartered in Shenzhen, Guangdong, and its operating footprint is centered on China-facing international trade lanes. The reports also reference overseas business expansion, indicating exposure to both Chinese origin shipments and foreign destination markets.
Risks
The business is exposed to freight demand volatility, international trade disruption, and competitive pricing pressure typical of forwarding and logistics intermediaries. Company-specific risks also include litigation, execution risk in overseas expansion, and dependence on cross-border shipping conditions and customer trade volumes.
- Trade and freight volume volatilityImpact: HighLikelihood: High
Revenue depends on international shipment activity, which can swing with trade conditions and customer demand.
Exposure: Sea and air forwarding volumes
- Litigation exposureImpact: HighLikelihood: Medium
The company disclosed a lawsuit that could have a material adverse effect if the outcome is unfavorable.
Exposure - Competitive pricing pressureImpact: MediumLikelihood: High
Freight forwarding is competitive and customers can switch providers based on route, service, and price.
Exposure: Margins and customer retention
- Overseas expansion executionImpact: MediumLikelihood: Medium
The company intends to expand abroad, which can involve market entry, network buildout, and compliance risks.
Exposure: International operations
Accounting
Judgemental itemsFreight forwarders may record revenue gross or net depending on control over transport services.
Impact: Affects reported revenue, cost of revenue, and gross margin
The disclosed lawsuit requires estimation of possible loss even when the outcome is uncertain.
Impact: Could affect legal provisions and disclosures
Cross-border logistics operations may generate receipts and costs in multiple currencies.
Impact: Can affect reported earnings and balance sheet translation
The company completed a registered direct offering of Class A ordinary shares.
Impact: Changes share count, equity balances, and dilution
Similar listed companies
Publicly listed companies with a comparable business focus.
Haoxin Holdings Ltd
HXHX · Trucking & Courier Services (No Air)
Haoxin Holdings Ltd is a U.S.-listed holding company with operations centered in China, structured through an exempt Cayman Islands entity and its subsidiaries.
PS International Group Ltd.
PSIG · Arrangement of Transportation of Freight & Cargo
ZTO Express (Cayman) Inc.
ZTO · Trucking & Courier Services (No Air)
Eastern International Ltd.
ELOG · Arrangement of Transportation of Freight & Cargo
Dingdong (Cayman) Ltd
DDL · Retail-Catalog & Mail-Order Houses
Dingdong (Cayman) Ltd operates a China-based fresh grocery e-commerce business built around online ordering and self-operated fulfillment.
Shengfeng Development Limited
SFWL · Trucking & Courier Services (No Air)
SHENGFENG DEVELOPMENT Ltd is a Cayman Islands holding company that operates through its Hong Kong subsidiary and China-based operating entities to provide contract logistics services.
Last updated: 28/09/2026