"SHEIN to Launch New Platform in Europe; UPS Acquires Another Global Logistics Company"

News source：跨境电商物流百晓生 author： 2023-11-08 Page View：3835

Introduction："SHEIN to Launch Second-Hand Clothing Platform in Europe; Amazon's Black Friday Mega Sale Set for November 17th; UPS Acquires Another Global Logistics Company"

1. SHEIN to Launch Second-Hand Clothing Platform in Europe

On November 8th, SHEIN announced the launch of its second-hand clothing trading platform, Shein Exchange, in Europe. According to El Economista from Spain, the company plans to debut in Europe over the coming months, starting with France and Germany, and will roll out in Spain by 2024. Upon its launch, the company will directly compete with Inditex.

Currently, Shein Exchange is only available in the United States. The platform employs a system similar to eBay, allowing consumers to independently manage the process of selling, purchasing, and shipping goods. The maximum price for each garment will be restricted, with the company receiving 5% of each transaction's revenue.

Source: Cross-Border Magazine

2. Amazon's Black Friday Mega Sale Set for November 17th

On November 8th, Amazon announced that its Black Friday promotions will commence on November 17th and extend through Cyber Monday. The company stated that this year's Black Friday event will last longer than last year's and will offer more discounted prices on major brands, including YETI, Peloton, LEGO, Ruggable, Lancôme, and others.

Amazon will provide 36 top Black Friday deals this year, mainly in the categories of electronics and Amazon devices, home appliances, beauty, fashion, and entertainment. Amazon also offers 11 Black Friday shopping saving tips, such as checking back frequently for new deals, selecting the most suitable delivery options, saving costs at Amazon Fresh stores, looking for personalized offers, purchasing items through Alexa, and buying items outside of Amazon through Buy with Prime.

Source: Amazon

3. DHL Express Expands Guangzhou to Cincinnati Direct Cargo Route

On November 8th, DHL Express inaugurated an intercontinental cargo direct flight from Guangzhou to Cincinnati. Operated by Aerologic, a joint venture between DHL and Lufthansa Cargo, the route will be serviced by Boeing B777 freighters twice a week.

Benefitting from the thriving cross-border e-commerce in South China, DHL Express's cargo volume at Guangzhou port has increased month by month this year. With the opening of this route, DHL Express now operates 9 flights at Guangzhou port, increasing the capacity to over 700 tons on the US route, further shortening the transit time for goods from South China to the Americas, and providing ample capacity for the upcoming peak season of cross-border e-commerce business.

Source: DHL Express Views

4. Emirates SkyCargo Plans to Add 20 Cargo Destinations

On November 8th, Emirates SkyCargo's cargo department announced plans to add 20 cargo destinations and double its existing capacity in the next decade. Emirates SkyCargo offers competitive route connections to 20 destinations through 48 all-cargo flights per week.

Emirates SkyCargo inaugurated its Dubai-Shanghai cargo route in 2002, becoming the first airline in the region to operate direct flights between the Middle East and mainland China. Today, Emirates SkyCargo's cargo department operates 13 all-cargo flights per week between Dubai and mainland China, in addition to transporting goods through the belly capacity of 35 passenger flights per week.

Source: Emirates SkyCargo

5. Top 50 Global Freight Enterprises Announced

On November 8th, Transport Topics, a leading publication in the logistics industry, jointly released the latest Top 50 Global Freight Enterprises list for 2023 with SJ Consulting Group Inc. The list ranks companies based on their freight revenue in 2022, with the top ten being Amazon, UPS, FedEx, DHL, Maersk, United States Postal Service, CMA CGM, COSCO Shipping Group, DSV, and SF Express.

In addition to COSCO Shipping Group (8th place) and SF Express (10th place) entering the top ten, other Chinese companies included in the Top 50 Global Freight Enterprises list are China National Railway Group (12th place), Evergreen Marine (20th place), China Merchants Group (25th place), Kerry Logistics (36th place), Yang Ming Marine Transport (38th place), and Wan Hai Lines (39th place).

Source: Transport Topics

6. Hapag-Lloyd, CMA CGM, Maersk, and COSCO Shipping Adjust Freight Rates

On November 8th, shipping companies such as Hapag-Lloyd, CMA CGM, Maersk, and COSCO Shipping successively announced adjustments to fees on certain routes.

Hapag-Lloyd is increasing FAK rates from the Far East to Northern Europe and the Mediterranean. Effective December 1st, there will be an increase in FAK rates for round trips between the Far East and Northern Europe, as well as the Mediterranean, applicable to goods transported in 20-foot and 40-foot containers.

CMA CGM is updating FAK rates from Asia to Northern Europe. Effective from December 1st, 2023 (loading date) until further notice, the rates will be $1000 per 20-foot dry container and $1800 per 40-foot dry/high cube/refrigerated container.

Maersk has announced the imposition of Peak Season Surcharge (PSS) from the Far East to South America East Coast. Effective from November 6th, 2023, a peak season surcharge will be levied on all dry cargo containers from Greater China and Northeast Asia (excluding Taiwan) to Central/South West Africa. This will take effect from December 3rd, 2023, for Taiwan and from November 18th, 2023, for Vietnam.

COSCO Shipping plans to introduce an ETS surcharge on routes involving the European Union from January 1st, 2024. The surcharge will be $120 per TEU for containers, $240 per FEU, and $4.0 per freight ton for heavy and miscellaneous cargo.

Source: Foreign Shipping

7. UPS Completes Acquisition of MNX Global Logistics

On November 8th, UPS announced the completion of its acquisition of MNX Global Logistics, a global logistics provider. Following receipt of all necessary regulatory approvals, the acquisition was finalized on November 2nd, 2023.

The acquisition of MNX enhances UPS's capabilities in urgent transportation logistics, particularly for healthcare clients in the United States, Europe, and Asia. MNX has a strong track record in delivering reliable and timely critical cargo. Leveraging MNX's expertise, UPS will continue to provide global services for clients requiring urgent and temperature-sensitive logistics solutions.

Source: UPS

8. Cross-border E-commerce Business Volume in Shenzhen Grows by Over 40% in the First Three Quarters

On November 8th, it was reported that cross-border e-commerce business volume in Shenzhen grew by over 40% year-on-year in the first three quarters of this year, maintaining its leading position nationwide. Amidst the complex and changing foreign trade environment, emerging foreign trade formats such as cross-border e-commerce have demonstrated strong growth resilience, providing robust support for the steady development of foreign trade in Shenzhen.

The surge in cross-border e-commerce business volume has also driven the development of the cross-border e-commerce logistics industry. At the International Express Operation Center of Shenzhen Airport, cross-border e-commerce parcels are swiftly passing through customs clearance under the supervision of an intelligent management system and being sent to overseas customers. To ensure more efficient and rapid delivery of parcels, Shenzhen Airport has newly opened and enhanced 13 international cargo routes, including 8 dedicated to cross-border e-commerce air transport.

Source: Shenzhen News

9. General Administration of Customs: China's Foreign Trade Imports and Exports Achieve Positive Growth in the First 10 Months

On November 8th, according to customs statistics, China's total import and export value reached 34.32 trillion yuan in the first 10 months of this year, an increase of 0.03% year-on-year. Among them, exports amounted to 19.55 trillion yuan, an increase of 0.4%. In terms of US dollars, China's total import and export value reached $4.9 trillion in the first 10 months of this year, a decrease of 6%. Among them, exports amounted to $2.79 trillion, a decrease of 5.6%.

In October of this year, China's import and export volume reached 3.54 trillion yuan, an increase of 0.9%. Among them, exports amounted to 1.97 trillion yuan, a decrease of 3.1%. In terms of US dollars, China's import and export volume in October reached $493.13 billion, a decrease of 2.5%. Among them, exports amounted to $274.83 billion, a decrease of 6.4%.

Source: General Administration of Customs

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