1. Ezhou Huahu Airport Joins Hands with Leipzig/Halle Airport in Germany

On November 22nd, Hubei International Logistics Airport Co., Ltd., Shenzhen SF Tyson Holdings (Group) Co., Ltd., and Mitteldeutsche Flughafen AG signed a strategic cooperation memorandum in the Sanjiang Economic Zone of Ezhou City. This marks the collaboration between Ezhou Huahu Airport and Leipzig/Halle Airport in Germany to jointly promote the development of air cargo transportation among the three parties.

Source: Jingchu Net

2. FedEx Directly Contributes Over $80 Billion to the Global Economy in the 2023 Fiscal Year

On November 22nd, FedEx released its annual Economic Impact Report, analyzing the company's global network and its role in driving innovation in the fiscal year 2023.

The report shows that despite recent economic pressures, FedEx's direct contribution to the global economy exceeded $80 billion in the fiscal year 2023. FedEx serves over 100 markets in the Asia-Pacific, Middle East, and Africa regions, including the Chinese market, and contributed 0.3% of the net economic output to the transportation, warehousing, and communication industries in these three regions. In the fiscal year 2023, FedEx's net economic output contribution rate to these regions was 0.02%, with a net economic output growth of approximately 6%, reaching $44 trillion.

Source: FedExPlus

3. Cargo Handling Volume of Cainiao Aviation Ground Services for Cross-border Parcels Increased by Over 30% in the First Half of November

On November 22nd, during this year's Double 11, Cainiao's "Global 5-day Delivery" witnessed the fastest overseas Double 11. Cainiao Aviation Ground Services ensured the ground service operations on European, Russian, South American, and other routes for international express teams during Double 11. Additionally, its Hong Kong team achieved several new milestones: a more than 30% increase in cross-border parcel handling volume in the first half of November, a loading completion rate of 100%, and a 100% compliance with safety standards in the work environment, with zero accidents during operations.

Source: Cainiao Ground Network

4. US E-commerce Sales Reach $284.1 Billion in the Third Quarter, Expected to Exceed $1.1 Trillion in 2023

On November 22nd, the US Census Bureau released the "2023 Third Quarter US E-commerce Sales Data." The data shows that seasonally adjusted US e-commerce sales reached $284.1 billion in the third quarter, with a 2.3% increase compared to the previous quarter. Additionally, the e-commerce penetration rate increased by 0.8% year-on-year, rising from 14.8% in the third quarter of 2022 to 15.6% in the third quarter of 2023.

Furthermore, according to Marketplace Pulse forecasts, US e-commerce sales are expected to exceed $1.1 trillion in 2023, making it the slowest-growing year since the 2009 economic recession.

According to data from the US Department of Commerce, e-commerce spending in the United States was $1 trillion in 2022. This year, e-commerce grew by 7%, reaching $1.1 trillion.

Source: Hugo Cross-border, Marketplace Pulse

5. Temu Ranks Third as Australia's Largest E-commerce Platform

On November 22nd, as of October, Temu has become the third-largest e-commerce platform in Australia in terms of average monthly visits, surpassing local e-commerce giants like Kogan, Catch, and MyDeal.

Since its launch in March this year, Temu has averaged 7.68 million visits per month in Australia.

According to Similarweb data, Temu experienced significant growth in average monthly visits when it first appeared in Australia. Within the first month of its launch, Temu's website saw a six-fold increase in average monthly visits, reaching 280,000.

Source: AMZ123

6. TikTok Shop's Market Share in Southeast Asia Expected to Reach 13.9% in 2023

On November 22nd, MomentumWorks updated its forecast for TikTok Shop's market share in the Southeast Asian e-commerce market. Despite being banned in Indonesia, TikTok Shop's market share across the entire Southeast Asian e-commerce market is projected to rise.

In July of this year, MomentumWorks estimated in "The TikTok Shop Playbook" report that TikTok Shop's market share would reach around 13.2% by 2023. Following the ban, MomentumWorks adjusted this forecast to 13.9%.

According to MomentumWorks, TikTok's performance and growth in Southeast Asia in the last few months before the ban exceeded expectations, leading to their GMV exceeding the target of $15 million this year.

Source: MomentumWorks

7. Meikeluo: Logistics Rates for Self-shipping Sellers Reduced by Up to 45% During Peak Season

On November 22nd, Meikeluo announced that starting from November 22nd, logistics rates for self-shipping sellers will be reduced by up to 45% during the peak season. Specifically, for Mexico and Brazil, shipping rates will be reduced by up to 45% for certain low-weight ranges, while self-shipping rates for Chile and Colombia will remain unchanged.

Source: Ebrun

8. China Logistics Group Signs Strategic Cooperation Agreement with China Construction Institute

On November 22nd, China Logistics and China Construction Institute held a signing ceremony for a strategic cooperation agreement in Beijing.

Li Hongfeng, Secretary of the China Logistics Party Committee and Chairman, introduced the current development situation of China Logistics and the strategic goal of "building a world-class comprehensive modern logistics enterprise group." China Construction Institute has strong scientific research capabilities and undertakes a large number of innovation tasks. Through this cooperation, China Logistics hopes that China Construction Institute will continue to provide professional support and strengthen technological research and development support in areas such as logistics infrastructure construction and intelligent design of parks, jointly promote the construction of a modern logistics system, and serve the establishment of a new development pattern.

Source: China Logistics Group

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Cross-border e-commerce logistics Bai xiaosheng