Analyzing Cost of Revenue: ZTO Express (Cayman) Inc. and TFI International Inc.

Analyzing Cost of Revenue Trends in Logistics Giants

In the ever-evolving logistics industry, understanding cost dynamics is crucial. This analysis delves into the cost of revenue trends for ZTO Express (Cayman) Inc. and TFI International Inc. from 2014 to 2023. Over this period, ZTO Express has seen a staggering increase of nearly 866% in its cost of revenue, reflecting its rapid expansion and market penetration in China and beyond. Meanwhile, TFI International's cost of revenue grew by approximately 125%, showcasing its steady growth in North America.

Key Insights

• ZTO Express: From 2014 to 2023, the cost of revenue surged from $2.77 billion to $26.76 billion, highlighting its aggressive growth strategy.
• TFI International: The cost of revenue rose from $2.78 billion in 2014 to $6.26 billion in 2023, indicating a more measured expansion.

These trends underscore the contrasting growth strategies of these logistics powerhouses.