Ezhou Huahu Airport initiates new international logistics operations; Guangzhou opens four new international freight routes.

News source：跨境电商物流百晓生 author： 2023-11-06 Page View：2691

Introduction：Maersk's third-quarter revenue reaches $12.1 billion; Ezhou Huahu Airport initiates new international logistics operations; Guangzhou Baiyun Airport launches four new international cargo routes.

1. Maersk's third-quarter revenue of $12.1 billion meets expectations

On November 6th, Maersk released its financial report, indicating that the company's performance in the third quarter of 2023 met expectations. However, the current market environment is increasingly challenging, with freight rates far below the peak reached in 2022, and an increase in maritime shipping capacity continues to exert pressure. Affected by the decline in freight rates and a decrease in cargo volume, revenue for this quarter was $12.1 billion, compared to $22.8 billion in the same period last year, with a pre-tax profit margin of 4.4%. Maersk maintains its expectations for full-year performance but anticipates it will be close to the lower end of the previously estimated range.

Source: Maersk Group

2. Ezhou Huahu Airport launches international express service

On November 6th, the first batch of approximately 700 kilograms of outbound express parcels cleared customs inspection at Ezhou Customs under Wuhan Customs on November 3rd and was smoothly cleared for departure. They were then transported on flight O37099 to Liège, Belgium, becoming the first international express parcels handled at Ezhou Huahu Airport since the commencement of operations at the Shunfeng Transfer Center. This marks the official launch of international express services at Ezhou Huahu Airport.

Reportedly, the Shunfeng Transfer Center at Ezhou Huahu Airport covers an area of 750,000 square meters, with sorting lines stretching up to 52 kilometers and a processing capacity of 280,000 items per hour. It is the largest express sorting center in Asia, with its international express center covering an area of 27,000 square meters, equipped with 14 intelligent customs inspection lines and a fully automated express sorting system.

Source: Jimum News

3. Guangzhou Baiyun Airport opens four new international cargo routes

On November 6th, Guangzhou Baiyun Airport witnessed a surge in the opening of international cargo routes, with four new international cargo routes launched consecutively. On November 2nd, China International Cargo Airlines opened the "Guangzhou = Madrid" cargo route and is scheduled to open the "Guangzhou = Milan" cargo route on November 8th. On the same day, YTO Cargo Airlines also opened the "Guangzhou = Lahore" cargo route. On November 4th, Lufthansa Cargo also followed suit by opening the "Leipzig = Guangzhou = Cincinnati" route.

This move adds four new regular cargo routes and 16 international cargo flights per week at Baiyun Airport, with an expected weekly capacity of over 1,400 tons of air freight. It will provide strong momentum and new vitality for the development of Baiyun Airport and the Guangzhou International Air Cargo Hub.

Source: Guangzhou Baiyun Airport Release

4. Zhengzhou's First Charter Flight to the UK Sets Sail

On November 6th, a full freighter operated by Titan Airways of the UK, loaded with 61 tons of cargo, took off from Zhengzhou Airport bound for Birmingham, UK. This marks the first cross-border e-commerce charter flight from Zhengzhou Airport to the UK this year.

The 61 tons of cargo transported were all cross-border e-commerce parcels exported to the UK, including clothing, household items, and more. The charter flights from Zhengzhou to the UK are scheduled to operate three times a week, broadening the air transport channel for people's livelihood goods between China and the UK.

Source: Civil Aviation Resources Network

5. Etsy Announces Partnership with UPS, Offering Up to 78% Discounts for Sellers

On November 6th, the US e-commerce platform Etsy announced a partnership with UPS to provide shipping discounts and a convenient shipping experience for sellers. Now, Etsy sellers can enjoy discounts of up to 78% on UPS Ground Shipping and up to 73% on UPS Next Day Air services (discounts based on UPS daily rates). Etsy stated that this will help sellers reduce shipping costs and increase profits.

In addition, UPS will provide sellers with a range of value-added services, including full order tracking, weekend delivery options, and shipping via 22,000 UPS Access Point locations and over 5,500 UPS stores. UPS Drop Box self-service locations will also operate around the clock, allowing Etsy sellers to manage shipments according to their schedules, providing more flexibility for small sellers operating on Etsy.

Source: E-commerce News

6. TikTok Shop Adjusts Policies Related to Fulfillment and Return Costs for Fully Managed Business

On November 6th, TikTok Shop announced adjustments to the policies regarding fulfillment and return-related service fees for businesses collaborating with the TikTok Shop platform.

Specific policies are as follows: The pickup service fee generated by inventory stocking will be shared equally between the platform and the merchant, each bearing 50%. The return service fee generated by returns will be fully borne by the merchant. Reference prices for pickup service fees and return service fees can be viewed directly when placing orders using platform logistics functions through the shipment platform and return management module in the TikTok Shop fully managed seller center. The specific fees are subject to the bill issued by the settlement management module in the seller center.

Source: Cross-border Guide CPSEA

7. Shopee Opens New Distribution Center in Brazil

On November 6th, Shopee announced that the company has opened its second-largest distribution center in Guarulhos, near São Paulo, Brazil. Currently, Shopee has over 3 million local merchants in the country, accounting for over 90% of Shopee's sales in Brazil. In addition to nine distribution centers, Shopee also has approximately 100 small logistics centers and around 1400 pickup and delivery points in Brazil.

Source: Reuters

8. Sinotrans Shipping Opens New China-Philippines Route CP8

On November 6th, to further strengthen services on Southeast Asian routes, Sinotrans Shipping opened the China-Philippines route CP8, providing services between Shanghai, Ningbo, Xiamen in China, and Manila South and North Harbor in the Philippines.

Source: Sinotrans Shipping

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