1. China COSCO Shipping's 2023 Annual Performance Released

News on April 1st: China COSCO Shipping Holdings Co., Ltd. released its 2023 annual performance. The company achieved a pre-tax profit (EBIT) of RMB 36.669 billion, a total profit of RMB 33.077 billion, and a net profit of RMB 28.396 billion.

Among them, the net profit attributable to shareholders of listed companies was RMB 23.860 billion, demonstrating operational resilience. The company's digital supply chain transformation is steadily advancing. During the reporting period, the supply chain revenue other than maritime transportation included in the container shipping business revenue was RMB 29.048 billion, accounting for 17.28% of the container shipping business revenue, a significant increase of 8.62 percentage points.

Source: China COSCO Shipping

2. Yun Express Deepens Strategic Cooperation with Atlas Air

News on April 1st: Yun Express, a subsidiary of ZTO Express Group, deepens its strategic partnership with Atlas Air and signs a new charter agreement. As part of a long-term cooperation agreement, starting from April this year, Yun Express will join forces with Atlas Air to introduce additional capacity, operated by Boeing B777F freighters, flying to the United States six times a week, further expanding the layout of its air cargo network.

Source: Yun Express

3. Freight Giant DB Schenker Launches New Express Air Freight Service

News on April 1st: Global logistics service provider DB Schenker has launched a new standardized product. Customers can book exclusive On-Board Courier (OBC) services through this product, which provides express air freight worldwide, aiming to meet the urgent express needs of customers for small and high-value goods. The launch of the new air cargo product expands DB Schenker's growing portfolio of service solutions.

The key feature of DB Schenker's new express service is its fast response time, inspired by e-commerce delivery visibility, providing maximum transparency through real-time tracking. After the initial trial period, DB Schenker has established an OBC service team operating on three different continents to ensure round-the-clock availability of OBC requests.

Source: Cross-border E-commerce Logistics Baixiao Network Compilation

4. ByteDance Denies TikTok Raising Requirements for Opening Stores in the United States

News on April 1st: Japanese company Usen Logistics plans to start freight terminal and charter business at Hualu Lake Airport in Ezhou, China next year. Tokyo-based Usen Logistics (China) Co., Ltd. (YLCN) and Hubei Avenue Zhongcai Import and Export Service Co., Ltd. established a joint venture (IV) in 2021. As part of the "Ezhou Yuesen Avenue Zhongcai Logistics" (EYDL) joint venture, freight terminal operations and freight charter services will start at Hualu Lake Airport in Ezhou in May 2025.

Source: Cross-border E-commerce Logistics Baixiao Network Compilation

5. YTO Express International Records Revenue of HK$5.292 Billion in 2023

News on April 1st: YTO Express International released its annual performance announcement for the year ended December 31, 2023. In 2023, YTO Express International recorded revenue of approximately HK$5,291.6 million, a decrease of about 21.1% compared to 2022. Gross profit decreased by about 11.4% to approximately HK$481.3 million compared to 2022. The gross profit margin was approximately 9.1%, up from about 8.1% in 2022. Net profit decreased by about 31.0% to approximately HK$96.5 million, while net profit attributable to equity shareholders of the company decreased by about 29.2% to approximately HK$96.8 million compared to 2022.

Source: YTO Express International

6. AliExpress Expands Cross-border Oversized Item Special Line to European and American Markets

News on April 1st: AliExpress, through its hosted merchants, has extended its exclusive "Cross-border Oversized Item Special Line" to Europe and the United States, landing in core markets such as the United States, Spain, and France. Categories covered include sports equipment, furniture, pet supplies, musical instruments, etc.

To this end, AliExpress, in conjunction with Cainiao, has specially opened up shipping methods such as sea (fast ship), road, and sea-land multimodal transportation. Through a combination of warehouse direct delivery and JIT (just-in-time delivery) mode, transportation efficiency and costs are optimized. It is estimated that after large-scale merchants join the hosting, transportation to Europe can be 10-15 days faster.

Source: Alibaba Global AliExpress

7. Amazon Global Store Signs Memorandum of Cooperation with Shandong Provincial Department of Commerce

News on April 1st: Amazon Global Store officially signed a memorandum of cooperation with the Shandong Provincial Department of Commerce to jointly launch the "Shandong Industrial Belt Amazon Foreign Trade Empowerment Activity." The two parties will work together to promote the deep integration of "cross-border e-commerce + industrial belts," promote the combination of new foreign trade formats and Shandong's high-quality supply chain, and help Shandong's foreign trade achieve high-quality development.

Over the next three years, the plan is expected to cover 60 featured industrial belts in 16 prefecture-level cities in Shandong Province, cultivate 200 cross-border e-commerce brands with strong international competitiveness, improve Shandong's cross-border e-commerce service system, and jointly conduct cross-border e-commerce thematic training to cultivate more cross-border e-commerce professionals, and promote the long-term and sustainable development of Shandong's industrial belts and cross-border e-commerce industry.

Source: Qilu Evening News

8. China COSCO Shipping Air Transport Successfully Opens New China-Vietnam Air Route

News on April 1st: A China Yuanlonghao Airlines freighter flight carrying cargo took off smoothly from Zhengzhou Airport and flew directly to Hanoi Airport in Vietnam, marking another breakthrough in China COSCO Shipping Air Transport's efforts to build air transport route products. Following the opening of the Japan-Korea route, it has successfully opened the new "Weihai-Zhengzhou-Hanoi" China-Vietnam route.

The development of this new route product traverses and connects the air cargo transportation channels from Shandong and Henan to Southeast Asia. The "domestic + international" medium-range network layout further enhances the convenience and influence of the China-Vietnam route, helping to accelerate the construction of the China-Vietnam route onto the fast track.

Source: China COSCO Shipping Logistics

9. Kerry Logistics' Profit Declines by 78% in 2023

News on April 1st: Kerry Logistics announced a 78% decrease in its attributable profit to shareholders for 2023, amounting to HK$791 million (US$95 million), with a 70% decrease in profit from the international freight forwarding (IFF) segment. Officially released data shows that revenue decreased by 72% to HK$47.4 billion (approximately US$5.7 billion), with revenue from the United States decreasing by 64% to HK$9.7 billion (approximately US$1.2 billion). Vic Cheung, Managing Director of Kerry Logistics Group, said, "202

3 was undoubtedly a challenging year worldwide."

Source: Cross-border E-commerce Logistics Baixiao Network Compilation

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Public Account: Baixiao Network