1.DHL parcels in the UK have been renamed DHL eCommerce.

On December 29th, DHL Parcel UK, a subsidiary of the DHL Group, officially announced its rebranding as DHL eCommerce. The new branding aligns with the global division name to better highlight the company's core business. Along with the new brand identity, DHL eCommerce has launched three new websites as part of its nationwide investment plan, aiming to increase capacity and accelerate sales growth with more sites scheduled to be introduced in 2024.

Source: DHL

2.Hong Kong's PSI Group plans to go public on NASDAQ through a merger with AIB.

On December 29th, logistics company PSI Group Holdings, based in Hong Kong, and publicly traded Special Purpose Acquisition Company AIB Acquisition Corporation, announced the signing of an agreement to merge their businesses. After the merger, AIB and PSI will become wholly-owned subsidiaries of the newly formed Cayman Islands company, PS International Group Ltd. ("Pubco"), planning to be listed on the NASDAQ stock exchange. PSI, specializing in air freight forwarding in Hong Kong, achieved a revenue of $67.1 million in the six months ending June 30, 2023, marking a 36% YoY growth.

Source: Cross-Border E-commerce Logistics Bai Xiaosheng

3.Baiyun Airport's cargo throughput reaches 2 million tons in 2023.

On December 29th, Baiyun Airport's cumulative cargo throughput for the year reached 2 million tons, securing the second position among domestic airports in cargo throughput for the entire year, surpassing the 2019 figure of 1.92 million tons. This achievement signals a positive economic recovery in China and boosts confidence in the construction of Guangzhou International Air Cargo Hub.

Source: Southern Network

4.Yunda International joins the first batch of "Silk Road E-commerce" Overseas Warehouse Service Alliance.

On December 29th, Yunda International became one of the first members of the "Silk Road E-commerce" Overseas Warehouse Service Alliance. To better support cross-border e-commerce development, Yunda International will enhance its overseas warehouse services, providing fast, secure, and reliable warehousing and distribution solutions for e-commerce businesses.

Source: Yunda International

5.eBay announces a reduction in SpeedPAK shipping fees starting January 1, 2024.

On December 29th, eBay announced a reduction in shipping fees for SpeedPAK, its cross-border logistics solution, starting January 1, 2024. This adjustment follows recent decreases in airfreight prices and aims to provide sellers with reliable door-to-door cross-border transportation services while optimizing logistics costs.

Source: eBay

6.Dunhuang Network adjusts its eighth batch of logistics routes.

On December 29th, Dunhuang Network announced the offline delisting of its eighth batch of logistics routes. The adjustment, effective from December 27, 2023, includes the removal of 95 routes. Sellers are advised to use online methods for shipment.

The eighth batch of delisted routes includes FASTWAY-AU, CHINAPOSTAIR, CHINAPOSTSAL, EWS, ARAMEX, WanbExpress, SINGAPOREPOST T, CNE, UBI Smart Parcel-Online, AC logistics, SINGAPOREPOST, DHL-Online Shipping, USKY, and Sagawa Global.

Source: Dunhuang Network

7.Maersk plans partial resumption of the Suez Canal route.

On December 29th, Maersk announced plans to arrange dozens of container ships to transit the Suez Canal and the Red Sea in the coming days and weeks. The schedule may vary depending on specific emergency plans formulated in the coming days. The reinstated vessels include the Maren Maersk, which left Tangiers on December 24th and is expected to pass through the Suez Canal, reaching Singapore around January 14, 2024. However, many of the company's ships still plan to bypass Africa.

Source: Caijing

8.Express delivery stocks see a long-awaited collective surge.

On December 29th, express delivery stocks experienced a long-awaited collective surge. As of the closing on the 28th, A-share-listed express delivery companies generally rose by over 2%, with YTO Express leading with a 3.83% increase. Hong Kong-listed companies such as Best Inc., JD Logistics, and ZTO Express also saw comprehensive increases, with Best Inc. rising by 4.5% and reaching a new high of HKD 15.80 per share. Its market value briefly exceeded HKD 140 billion, securing the second position in the express delivery industry, second only to SF Express.

Source: Yibao Net