1.Premier Li Qiang Visits SF Parcel Sorting Line; SF Airlines Transported Over 950,000 Tons of Goods Last Year

On January 5th, it was reported that from January 2nd to 3rd, Li Qiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, conducted research in Hubei. In Ezhou, Li Qiang visited Huahu Airport, listened to the introduction of the airport's construction and development, and toured the SF parcel sorting line. He pointed out that Huahu Airport is being constructed as an international air cargo hub, with obvious geographical advantages and good infrastructure. Efforts should be made to further enhance the construction and operational capabilities, fully leverage its driving role, and better serve the establishment of a new development pattern.

In 2023, SF Airlines successfully completed its annual air transport production tasks and celebrated its 14th anniversary of safe operation. During the year, the service scope and transport scale of SF Airlines expanded further, with improved operational quality and service capabilities. The accumulated safe flight exceeded 120,000 hours, smoothly transporting over 950,000 tons of goods.

Source: CCTV News, Fengcai Yiyi

2.China Southern Cargo's Outbound Freight Volume Exceeds 30,000 Tons in December 2023

On January 5th, influenced by major e-commerce shopping festivals such as "Black Friday," "Double 12," "Christmas," and the New Year holiday, China Southern Cargo's outbound freight volume exceeded 30,000 tons in December 2023, representing a year-on-year increase of over 50%. Notably, there was a significant increase in the shipment of e-commerce products such as electronics, cosmetics, and toys.

Source: China Southern Cargo

3.Completion and Operation of Key Logistics Facilities at Shenzhen Airport

On January 5th, it was reported that key logistics facilities, including the International Transfer Station in the East Zone of Shenzhen Airport, Cargo Agency Warehouse No. 1 in the South Cargo Area, and Phase I of the new International Cargo Station in the South Zone, have been officially put into operation. It is expected that these facilities will add an annual international cargo handling capacity of 370,000 tons to the airport.

The International Transfer Station in the East Zone has a building area of approximately 60,000 square meters and will primarily serve as the storage and distribution center for the international logistics giant DHL. Cargo Agency Warehouse No. 1 in the South Cargo Area covers an area of approximately 87,000 square meters and integrates functions such as cargo storage, sorting, and distribution. After its launch, it will significantly improve the operational efficiency of domestic air freight agents. Phase I of the new International Cargo Station in the South Zone has a building area of approximately 19,000 square meters and will mainly be used to support international general cargo business, serving airlines and freight forwarders.

Source: China Federation of Logistics and Purchasing Aviation Logistics Branch

4. 9% Year-on-Year Growth in Air Cargo Demand in 2023

On January 5th, according to the latest weekly market data analysis by Xeneta, 2024 may mark the beginning of a new economic growth cycle for the global air cargo industry, as demand in 2023 increased by 9% year-on-year.

Xeneta's weekly market data shows that in December 2023, the global average spot air cargo freight rate reached a peak of $2.60 per kilogram, a 6% increase from November, thanks to a 9% year-on-year growth rate in demand. However, general air cargo spot rates continued to record a double-digit 18% year-on-year decline, compared to a 25% decline in November.

Source: Air Cargo News

5.JD Logistics Creates Overseas "Pre-positioning Warehouse" Model for Honor

On January 5th, JD Logistics, in collaboration with Honor, launched the overseas "pre-positioning warehouse" service model in Europe. By storing smart terminal devices such as mobile phones in JD Logistics' warehouses, including the one in Paris, France, European consumers can quickly produce and dispatch orders. This ensures delivery within 1 day in countries such as France, Belgium, and Luxembourg, and 2-3 days for coverage in core European countries and regions.

Source: JD Logistics

6.Amazon Significantly Shortens Automatic Closure Time for Shipments

On January 5th, Amazon made policy adjustments for FBA, different from the recent changes in logistics fees. This time, Amazon significantly shortened the automatic closure time for shipments and may reject non-compliant shipments. According to the updated policy, if a domestic shipment is not delivered within 45 days after creation, or an international shipment is not delivered within 75 days after creation, Amazon will notify the seller that the shipment does not comply with the policy, and the shipment will be automatically closed.

Source: Amazon

7.TikTok Shop Raises Sales Commission for US Sellers, Plans to Expand US E-commerce Business Tenfold

On January 5th, information sent to US sellers by TikTok indicated that TikTok will increase the in-app sales commission for US sellers from 2% to 8% in the coming months and reduce certain subsidies to sellers. A TikTok spokesperson confirmed this information to sellers. It is reported that the commission will be increased in stages, with the majority of sales commission raised to 6% on April 1st and then to 8% on July 1st. Subsidies to sellers will be limited to the top-selling products.

In addition, insiders revealed that TikTok plans to expand its US e-commerce business tenfold this year, reaching $17.5 billion. It is reported that recent internal meetings at TikTok discussed the 2024 sales target for the US version of TikTok Shop. TikTok is expected to achieve a global sales revenue of $20 billion in 2023, with most of it coming from the Southeast Asian market.

Source: Jiemian News

8.eBay Fulfillment Announces Q1 Seller Incentive Program

On January 5th, eBay Fulfillment released detailed information on the seller incentive program for the first quarter of 2024. Sellers participating in the eBay Fulfillment by Orange Connex service program can receive a maximum reward of $10,000 for each seller at the corresponding activity site. Sellers who qualify and successfully sign up for activities at each site can receive a maximum reward worth $20,000.

Source: eBay

9.Amazon May Open Fulfillment Center in Peru

On January 5th, the Minister of Economy and Finance of Peru stated that Amazon is one of the companies interested in expanding its business to Peru, as it recently provided free delivery services to Peru. Offering free delivery services implies that Amazon may consider entering the "physical" part of Peru's e-commerce market. In 2020, Amazon became the 6th most visited website in Peru.

In fact, since early 2023, Amazon has been eyeing the neighboring markets of Chile and Colombia. According to Cáceda's prediction, Amazon may enter Chile and Colombia first before considering Peru, as the recently launched free delivery strategy was implemented in these two countries a year ago.

Source: Esmefan