1. MSC Establishes New Company

On November 20th, Mediterranean Shipping Company (MSC) and the Italian national railway operator Ferrovie dello Stato Italiane (FS) signed a memorandum of understanding to establish a new company specializing in multimodal transport and logistics services, aimed at expanding the freight logistics network between Italy and European ports.

According to the memorandum, the equity structure of the new company will have FS's logistics department Meritalia Logistics holding 51% of the shares, and MSC's MEDLOG holding 49%.

Source: China Shipping Gazette

2. Amazon Overseas Shopping Launches 2023 Black Friday Global Shopping Season

On November 20th, Amazon Overseas Shopping announced that from November 17th to November 26th, it would officially kick off the 2023 Black Friday global shopping season. During this event, nearly 5 million new products will join the year-end carnival, with discounts tailored for Chinese consumers increasing by 300% compared to the previous year.

Source: Economic Daily

3. TikTok Shop to Reopen in Indonesia

On November 20th, TikTok announced that it would restart its e-commerce business in Indonesia through collaboration with local e-commerce platforms. According to reports, Temmy Satya Permana, from the Indonesian Ministry of Cooperatives and Small and Medium Enterprises, confirmed the news of TikTok Shop reopening in the country. He stated that TikTok Shop would comply with all applicable regulations in Indonesia.

Source: SEA Window

4. SF Airlines Completes Transport of Oversized Cargo, Achieving "Direct Loading and Unloading" for the First Time

On November 20th, an SF Airlines Boeing 747 freighter landed at Huahu Airport in Ezhou, China at 10:27 am Beijing time on November 17th, carrying oversized cargo inbound from Frankfurt, Germany.

At 11:01 am, after the main cargo door of the aircraft was opened, on-site support personnel successfully unloaded two oversized cargo items measuring 284cm X 148cm X 118cm and 366cm X 270cm X 290cm, respectively. With strong support from customs and border inspection authorities, SF Airlines formulated a direct loading and unloading plan for international inbound oversized cargo, ensuring the rapid clearance and retrieval of large and heavy special cargo items. Customs and border inspection authorities adopted on-site supervision throughout the unloading, apron transfer, and loading process.

Source: SF Express

5. China Eastern Airlines Logistics Sees 17% Increase in Average Daily Cargo Volume in First Half of November

On November 20th, from November 1st to 14th, at Shanghai Pudong and Hongqiao airports, China Eastern Airlines Logistics provided ground services for 16,000 flights of various airlines, involving a cargo handling volume of over 76,000 tons, with a daily average processing volume increasing by 17% compared to the previous month. During November 1st to 14th, the clearance of import e-commerce goods from the United States, Japan, South Korea, and other countries totaled 130,000 shipments, amounting to 1,335 tons. The export cross-border cargo handled by China Eastern Express platforms has accumulated to 1.09 million shipments, totaling 13,350 tons. It is expected that China Eastern Express will handle a total of 3.5 million shipments, totaling 38,000 tons of export cross-border cargo throughout November.

Source: China Eastern Airlines

6. Wish Opens WishPost to Non-Platform Merchants for the First Time

On November 20th, Wish announced the launch of a Logistics-as-a-Service (LaaS) product, offering WishPost cross-border direct mail services to non-Wish merchants. According to reports, with the new service from Wish, packages from non-Wish merchants will be able to utilize Wish's logistics network and transportation facilities, covering first-mile transport, international line transport, customs clearance, and last-mile delivery. Following a significant decline in users, Wish has been adjusting its strategies to improve merchant services and customer shopping experiences. The latest initiative from Wish aims to expand its logistics business and gain new revenue growth.

Source: Wish

7. Shenzhen Cross-Border E-commerce Imports and Exports in the First Ten Months Exceeded Last Year's Annual Total

On November 20th, it was reported that from January to October 2023, the import and export volume of cross-border e-commerce in Shenzhen exceeded 200 billion yuan, a year-on-year increase of 76.48%, surpassing last year's annual total. It is reported that Shenzhen enterprises have established and operated over 300 overseas warehouses worldwide, with a construction area exceeding 3.35 million square meters. Moreover, the first enterprise in China with an overseas warehouse area exceeding 1 million square meters has been nurtured in Shenzhen. Shenzhen's cross-border e-commerce enterprises have completed the construction of over 94 independent brand websites. In July and September 2023, Shenzhen Seeway and Sanzhai E-commerce successively listed independently on the Shenzhen Stock Exchange. The number of listed cross-border e-commerce companies in Shenzhen has reached 10, ranking first in the country.

Source: Securities Times

8. Four A-share Logistics and Express Companies Release Third Quarter Performance Reports

On November 20th, it was reported that five A-share logistics and express companies had successively released their third-quarter performance reports. The reports show that from January to September 2023, the five express delivery companies collectively achieved a total operating income of 317.385 billion yuan, a slight decrease of 0.84% compared to the same period in 2022. Among them, the total operating income of YTO Express, STO Express, and Yunda Holding was approximately 102.93 billion yuan, an increase of nearly 5 percentage points year-on-year, contributing 32.43% to the overall revenue. The total net profit attributable to shareholders reached 10.779 billion yuan, about 1.26 times higher than the same period in 2022. The net profit attributable to the "Tongda Group" accounted for approximately 37.52%, a decrease of 6.33% compared to the same period in 2022.

In terms of performance in the first three quarters, SF Holding remained the top player with a total operating income of 189.012 billion yuan, approximately 4.64 times that of the second-ranked YTO Express, accounting for 59.55% of the overall revenue. Compared with the first three quarters of 2022, SF Holding's total operating income decreased by 5.09%. STO Express maintained double-digit high growth, with total operating income increasing by 21.84% to 29.336 billion yuan compared to the same period in 2022.

Source: Sina Finance

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Cross-border e-commerce logistics Bai xiaosheng