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New Century Logistics (BVI) Limited operates through subsidiaries in Hong Kong. Almost all its revenue comes from air freight forwarding, mainly exports to North America, Europe and Asia. Its customers are direct shippers and other freight forwarders, mostly based in Hong Kong. Ocean freight and services such as warehousing and cargo screening provide a smaller part of revenue.
The company buys cargo space from airlines, their sales agents and other freight forwarders, then arranges shipments for customers, including cargo pickup, screening and shipping documents. It generally prices services by adding a margin to its costs. Under block-space agreements, it must pay for reserved capacity even when customers do not fill it, so earnings depend on matching bookings to purchased space and the cost of obtaining additional capacity.
Customers generally book as needed rather than guarantee long-term orders, and several large customers supply a meaningful share of revenue. A small group of suppliers accounts for much of its service costs. The business depends on Hong Kong export traffic and access to cargo capacity; activities such as off-airport screening also require approvals and licenses that must be maintained.
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Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
PS International Group Ltd. shares New Century Logistics’ exposure to air-cargo demand and capacity costs: both buy carrier space and resell shipping services to other forwarders and shippers, with air freight dominating revenue. Watch PS International’s markup over carrier charges for a comparison of how much forwarders can retain from customer payments.
Expeditors International of Washington, Inc. faces the same air-cargo demand and buying-cost pressures as New Century Logistics: both buy airline space and resell international shipping services to shippers without operating their own aircraft. Its airfreight revenue is the closer comparison, rather than total revenue, since airfreight represented approximately 36% of its revenue in 2025.
Globavend Holdings Limited overlaps with New Century Logistics in arranging air freight from Hong Kong, so its business offers a comparison for outbound cargo demand and space prices. Watch its cross-border e-commerce shipping from Hong Kong to Australia and New Zealand, where it coordinates parcel handling, air transport, customs clearance and delivery for customers, rather than treating it as a match for New Century’s broader routes.
Jayud Global Logistics Limited offers a comparison for the cross-border shipping demand facing New Century Logistics: Shenzhen-based Jayud and the Hong Kong-based target both arrange freight, including air cargo, and provide warehousing for customers. Watch Jayud’s freight-forwarding revenue separately from total revenue to keep the comparison focused on arranging shipments.
Radiant Logistics, Inc. shares New Century Logistics’ exposure to international shipment volumes and the gap between customer charges and transport costs: both arrange air and ocean shipments for customers and retain a margin after paying transportation providers. Watch Radiant’s international forwarding business for evidence of whether customer pricing is keeping pace with those costs.
Forward Air Corp overlaps with New Century Logistics in arranging international air and ocean freight for customers, but its substantial ground-transportation operations make the whole company a less direct comparison. Focus on news about its global air and ocean forwarding services, rather than reading ground-transport results as a signal for New Century’s air-heavy business.
C.H. Robinson Worldwide, Inc.’s Global Forwarding business competes with New Century Logistics in arranging international air shipments and customs clearance for customers. Watch that business’s airfreight demand and pricing, rather than Robinson’s large North American surface-transportation business, for the closer read on New Century.
C.H. Robinson Worldwide, Inc. earningsCHRW
C.H. Robinson's Global Forwarding business competes with New Century Logistics for international air shipments, so its report can show whether airfreight demand and pricing are helping or pressuring New Century.
Focus on airfreight demand and pricing in C.H. Robinson's Global Forwarding business. If both strengthen, the market for New Century's Hong Kong air exports looks firmer; if demand weakens or pricing falls, winning bookings may get harder and customer charges may leave less room to cover the cost of cargo space.
Expeditors International of Washington, Inc. earningsEXPD
Expeditors also buys airline space and resells air-shipping services, so its airfreight revenue and buying-cost signals can show the demand and cost pressures facing New Century Logistics.
Read Expeditors' airfreight revenue alongside its comments on air-cargo demand and buying costs. Steady revenue with manageable cost pressure suggests shipment volumes or customer charges can support forwarding; weaker revenue as buying costs rise would point to a harder time for New Century to hold bookings and keep customer charges in step with cargo-space costs.
