Introduction： Another Cross-Border Giant Supplier Aims for IPO; Three Major Airlines Expected to Reduce Losses by Nearly a Trillion in 2023
1.Amazon Achieves Fastest Delivery Speed Ever
On February 1, it was reported that Amazon added nine specialized same-day delivery service hubs in 2023, continuing to enhance the speed of delivering goods to customers. In 2023, Amazon achieved its fastest Prime member delivery speed ever. As of now, Amazon has delivered over 7 billion items to Prime members through same-day and next-day delivery, with over 4 billion in the United States and over 2 billion in Europe.
Source: FBB US Overseas Warehouse
2.UPS Releases Q4 2023 Financial Report
On February 1, UPS released its earnings report for the fourth quarter of 2023. The report showed that the consolidated revenue for Q4 2023 was $24.9 billion, a 7.8% decrease compared to Q4 2022. Comprehensive operating profit was $2.5 billion, a 22.5% decrease compared to Q4 2022, and a 27.1% decrease when adjusted. This quarter's diluted earnings per share were $1.87; adjusted diluted earnings per share were $2.47, a 31.8% decrease from the same period in 2022.
Source: UPS Official Website
3.eBay Fulfillment Establishes UK Warehouse Service Upgrade Incentive Program
On February 1, eBay Fulfillment introduced the UK Warehouse Service Upgrade Incentive Program for sellers using eBay fulfillment by Orange Connex. Sellers can receive rewards of up to $10,000 to enhance delivery speed and gain more platform traffic. eBay Fulfillment by Orange Connex provides end-to-end, one-stop warehousing and logistics services. Sellers only need to send goods to designated warehouses, and eBay Fulfillment will handle storage, packaging, and shipping, helping sellers save significant manpower, material, and financial costs.
Source: eBay
4.Three Major State-Owned Airlines Expected to Reduce Losses by Nearly a Trillion in 2023
On February 1, it was reported that the three major state-owned airlines have released their performance forecasts for 2023. China Southern Airlines, China Eastern Airlines, and Air China collectively expect to significantly reduce losses, with an estimated reduction ranging from ¥943.87 billion to ¥974.87 billion, approaching nearly a trillion.
Source: eCompany
5.Another Cross-Border Supplier Rushes to IPO
On February 1, it was announced that "Hualai Technology," a major supplier of smart home products, has received approval for its listing application and is set to go public soon. Hualai Technology is a key supplier for several major cross-border sellers, including Wyze, Xiaomi, and Petcube. Wyze, a cross-border seller on Amazon and TikTok Shop, is Hualai Technology's largest customer.
Source: CaiLian News
6.Deppon Express to Maintain Normal Pickup Service in 19 Cities During the Spring Festival
On February 1, Deppon Express announced that from February 9 to February 11 (Chinese New Year's Eve to the second day of the lunar new year), 19 cities nationwide will remain open, with normal order acceptance, door-to-door pickup, and warehousing. Starting from February 12 (the third day of the lunar new year), normal operations within warehouses will resume. The 19 cities include Shenzhen, Jinhua, Dongguan, Guangzhou, Foshan, Hangzhou, Huizhou, Quanzhou, Suzhou, Shantou, Zhongshan, Wenzhou, Xiamen, Shanghai, Hefei, Ningbo, Nanjing, Shaoxing, and Yangzhou.
Source: 4PX Deppon
7.Shenzhen Opens 9 New Cross-Border E-commerce Air Transport Lines in 2023
On February 1, it was reported that in 2023, Shenzhen's cross-border e-commerce import and export value exceeded 300 billion yuan for the first time. Shenzhen Airport's international and regional cargo throughput reached 770,000 tons in 2023, with cross-border e-commerce business volume growing by 80.3%. Throughout the year, 15 international and full-cargo routes were opened or enhanced, including nine cross-border e-commerce air transport lines.
Source: Shenzhen Evening News
8.TEMU Online Shopping Research: Revealing the "Top List" of Online Shopping Categories
On February 1, TEMU commissioned Propeller Insights to conduct a research on online shopping trends in December 2023. The results showed that price (63.9%), quality, and delivery speed are the primary considerations for consumers. The top three online shopping categories during the 2023 shopping season were clothing and accessories, home goods, and consumer electronics, while the least sold categories were sports and outdoor equipment and pet supplies.
Source: HUGO Cross-Border
9.MSC Strengthens Coverage Network Between Europe and South Africa
On February 1, MSC announced plans to update services from Northwest Europe (NWC) to South Africa starting March 2024, introducing a new branch line service. MSC mentioned that the service to South Africa from NWC will include a direct route to Bremen, providing customers transporting goods between Germany and South Africa with increased flexibility. Additionally, MSC will implement a new branch line service named "Ingonyama," connecting South Africa's East London Port with the port of Koper on a weekly basis.
Source: Sowhang
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Public Account: Cross-Border E-commerce Logistics Expert
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