1. SHEIN Clinches Three Consecutive Years as Top Casual Women's Wear Brand in the US

Market consulting firm LEK Consulting released its "2024 LEK Footwear and Apparel Brand Popularity Index" on March 20th, revealing that the well-known fashion brand SHEIN once again secured the top spot as the most popular casual women's wear brand in the US. This marks its third consecutive year at the top, indicating that SHEIN has consistently held the highest popularity in casual women's wear across America since the index's inception three years ago. Additionally, SHEIN ranks third in the casual men's wear category.

Before this, according to data from market analysis firm data.ai, SHEIN also topped the global shopping app download charts in 2023. Amidst the rapid growth of cross-border e-commerce, SHEIN's business continues to accelerate, driven by its "owned brands + platform" dual-engine strategy, facilitating the expansion of more high-quality Chinese manufacturing and cross-border merchants.

Source: SHEIN

2. JD Logistics to Significantly Expand International Express Services

On March 20th, JD Logistics announced a major expansion of its international express services. This expansion will extend the coverage of these services from the initial two hubs in Guangzhou and Shenzhen to nearly every region in China, providing individuals and businesses with expedited delivery experiences from China to global destinations. Leveraging JD's internal express and logistics transportation network, international express services offer one-hour doorstep pickup and delivery. Additionally, through JD's air and land transportation network, international express shipments are prioritized throughout the process and can be tracked.

Source: JD Logistics

3. Performance of Six Listed Airlines' Cargo Operations in February 2024

On March 20th, the six listed airlines in China successively released their major operational data for February 2024.

According to the announcements, these six airlines collectively completed a cargo and mail transport volume of 338,900 tons in February, a decrease of 22.77% from the previous month. Among them: domestic cargo and mail transport volume amounted to 214,200 tons, down 25.5% month-on-month; international and regional cargo and mail transport volume totaled 124,700 tons, down 17.58% month-on-month.

Among the three major airlines, China Southern Airlines completed a cargo and mail transport volume of 120,000 tons in February, Air China completed 97,500 tons, and China Eastern Airlines completed 73,100 tons.

Source: Air Cargo News

4. FedEx Partners with eBay Korea for Cross-Border E-commerce Logistics

On March 20th, FedEx announced a partnership with eBay CBT (Cross-Border Trade) to provide cross-border e-commerce logistics services to Korean companies looking to expand overseas markets.

Through this alliance, eBay sellers in Korea will benefit from the company's extensive global network and special discounts on international shipping fees. These discounts apply to various services, including FedEx International Priority Express, FedEx International Priority, and FedEx International Economy, enabling Korean companies to benefit from fast, reliable, and cost-effective international logistics solutions.

Source: FedEx

5. YTO Cargo Airlines Operates Lanzhou-Tashkent International Freight Route

On March 20th, a YTO Cargo Airlines B757-200F freighter loaded with 24.6 tons of electronic cigarettes, processing raw materials, and other goods took off from Lanzhou Zhongchuan International Airport and flew to Tashkent, Uzbekistan. This marked the official opening of the first international freight route in Lanzhou in 2024. The route is planned to operate two flights per week, making it the 19th international freight route opened by Lanzhou New Area and the second freight route targeting Central Asian countries.

Source: YTO Express

6. Cainiao Expands "Global 5-Day Delivery" to Core Markets in Europe, America, and the Middle East

On March 20th, Cainiao, in collaboration with AliExpress, announced a comprehensive upgrade to its "Global 5-Day Delivery" service. The newly added service countries include Germany, France, Portugal, Saudi Arabia, the United States, Mexico, and other core markets, further realizing "mass production." Cainiao data shows that in the third quarter of the 2024 fiscal year, "Global 5-Day Delivery" experienced a strong double-digit growth in single orders month-on-month.

Back on September 26, 2023, AliExpress, in partnership with Cainiao, officially launched the "Global 5-Day Delivery" international express service. The initial rollout covered five countries: the UK, Spain, the Netherlands, Belgium, and South Korea.

This is a leading product in the global cross-border e-commerce logistics field. Consumers in five countries can receive parcels from China within five working days by ordering from products marked with "5-day delivery" on the AliExpress Choice channel.

Source: Cainiao

7. HPL Releases 2023 Annual Financial Report

On March 20th, HPL announced its 2023 annual financial report, revealing a significant decline in performance. According to the financial report, HPL's revenue in 2023 was $19.391 billion, a year-on-year decrease of 46.73% from 2022 ($36.401 billion); EBITDA decreased by 76.43% to $4.825 billion; pre-tax profit decreased by 85.17% to $2.738 billion; and net profit attributable to the group was $3.191 billion, a year-on-year decrease of 82.23% from 2022 ($17.959 billion).

Source: HPL

8. Inditex to Invest $2 Billion in New Logistics Centers

On March 20th, Zara's parent company, Inditex, announced plans to double its logistics capacity by investing €1.8 billion (approximately $2 billion) in the construction of three new distribution centers and the expansion of another facility over the next two years.

Inditex will establish a second distribution center in Zaragoza, Spain, covering approximately 3.1 million square feet with three-story warehouses and 113 loading docks.

The company is also building two facilities in Valencia for Bershka and Tempe. For Bershka, Inditex will construct a 1.25 million square feet distribution center, while Tempe will have a 1.5 million square feet logistics center.

In addition to new construction, Inditex will expand its existing Zara distribution center in Lelystad, Netherlands, covering 1.3 million square feet.

Source: Yahoo

9. Hainan Introduces Latest Subsidy Policy for Air Cargo Transport

On March 20th, the Hainan Provincial Department of Transportation and the Hainan Provincial Department of Finance issued

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