1. UPS and FedEx Ranked Among Fortune Top 50

June 6 - The 2024 Fortune 500 list for the U.S. has been revealed, with the total revenue of listed companies equivalent to two-thirds of the U.S. GDP for the year. Walmart, with its operating revenue, has topped the list for the twelfth consecutive year, and Amazon has ranked second for the fifth consecutive year. Global logistics giants United Parcel Service (UPS) and FedEx are ranked 45th and 46th, respectively.

Source: Logclub

2. SHEIN's Semi-Hosted Model Officially Launched

June 6 - Cross-border e-commerce platform SHEIN has officially launched its "semi-hosted" model, garnering widespread attention in the industry due to zero cost of entry and ease of use. Reportedly, SHEIN currently imposes no performance thresholds for sellers under the semi-hosted model, allowing them to quickly open a store and start selling with "0 monthly rent" and "0 commission".

Under SHEIN's semi-hosted model, sellers need to have local inventory and be capable of local fulfillment. The platform also offers exclusive traffic support for the semi-hosted model. The current available site for entry is the U.S., and it is revealed that SHEIN's semi-hosted model is expected to launch in Europe by mid-June.

Source: Compiled from the web

3. Ezhou Huahu International Air Cargo Hub Platform Launched

June 6 - The Ezhou Huahu International Air Cargo Hub Platform has officially been launched and operational at the Ezhou Airport Economic Zone Government Service Center. As a government public service platform, its goal is to provide more convenient, efficient, and high-quality air cargo information services for various air logistics companies.

Source: Global Air Cargo

4. SF Express Introduces On-Demand "Self-Delivery to Transfer Center" Service

June 6 - To better meet customer needs, SF Express has opened its transfer hub capabilities to the public. Customers can deliver their parcels to the transfer center according to their business needs. SF Express will precisely match the optimal transfer schedule, further reducing in-transit time and improving efficiency.

Source: SF Express Monthly Billing Services

5. J&T Express's Middle East Strategy Revealed, Cost Optimization by 50%

June 6 - Recently, in Riyadh, Narrowcasting met with Sean, the CEO of J&T Express Saudi Arabia, to learn about the company's progress in Saudi Arabia and the Middle East. Sean believes that reducing delivery costs by 50% from the current level is the ideal cost optimization target, to be achieved within two years. Specific measures include improving the address database, establishing warehouses nationwide, building a proprietary logistics fleet, and reforming the operational system.

In April 2021, the J&T Express team arrived in the Middle East; in January 2022, it officially launched its courier network operations in the UAE and Saudi Arabia. In just over two years, J&T Express's last-mile delivery capability now covers the entire Saudi region, with seven transit centers, 3,000 operational delivery vehicles, and a rapidly expanding local team of over 3,000 employees.

Source: Narrowcasting

6. First Company to Resume T86 Clearance Business by U.S. Customs

June 6 - SEKO has filed a lawsuit with the U.S. Court of International Trade seeking to halt the suspension and fully restore its participation. SEKO Logistics stated that U.S. Customs and Border Protection (CBP) has conditionally restored its participation in two important international trade programs but has yet to identify the violations that led to the company's suspension.

The Illinois-based customs brokerage is seeking unconditional restoration, asserting that CBP has not provided any evidence or examples of compliance issues to justify its actions.

Source: Yi Shipping

7. Dianxiaomi ERP Now Supports TEMU's U.S. Local Store Listings

June 6 - Responding to seller demands, Dianxiaomi ERP previously integrated with TEMU's fully hosted and semi-hosted models, achieving a full-chain operational loop from product listing, order processing, inventory management, to data statistics for multiple stores. Now, to help sellers seize new opportunities, Dianxiaomi ERP has taken the lead in integrating with TEMU's U.S. local semi-hosted model, supporting product listings and efficient order processing to achieve full-process operational management.

Source: Dianxiaomi

8. Shopee Launches New Free Pickup and Shipping Subsidy Policies

June 6 - To incentivize sellers to continuously improve shipping efficiency, Shopee will update policies starting in June for sellers using the first-mile free pickup function and for those in non-pickup areas who meet the eligibility criteria:

In pickup-covered areas, if sellers meet the following conditions, Shopee can provide free pickup service (SPS): a new standard for fast shipment rate, where sellers need to maintain a fast shipment rate of ≥70%; daily average cross-border orders (ADO) requirements, previously ≥80 for South China sellers (Shenzhen, Dongguan, Guangzhou, etc.), and ≥50 for East China sellers (including Fujian), are now updated to ≥10 for sellers in all regions. All orders must use the first-mile function, the average preparation time must be ≤2 days, the proportion of pre-sale items must be ≤10%, and the first-mile order error reporting rate* must be ≤5%, etc.In non-pickup-covered areas, if sellers meet the following conditions, they can enjoy a shipping subsidy of 0.1 yuan per order, which can be viewed on the [China Seller Center >> Finance >> My Income] page.

Source: Shopee

9. Freight Rates Surge, Shipping Delays, Global Port Congestion

June 6 - Global shipping giant Maersk Group indicates that due to strong container market demand and ongoing chaos from the Red Sea crisis, there are further signs of congestion at global ports, especially in Asia and the Middle East. According to Linerlytic, the Port of Singapore, the world's second-largest container port, currently has a backlog of nearly 500,000 TEUs, far exceeding the peak during the COVID-19 outbreak.

As of May 30, the freight rate from Asia to Europe reached $6,200 per 40-foot container, while the rate from Asia to the West Coast of North America climbed to $6,100. Besides hotspots like Singapore and the Mediterranean, numerous Asian ports such as Shanghai, Qingdao, Port Klang, and Colombo are also experiencing varying degrees of congestion. Notably, the dwell time at Shanghai Port, the world's largest container port, has reached its highest level in nearly three years.

Source: CCTV Finance

10. CMA CGM Implements New PSS for Asia to Réunion Island

June 6 - CMA CGM has announced the implementation of a new Peak Season Surcharge (PSS), effective June 1, 2024 (loading date). This surcharge applies to cargo shipped from Asia (including Mainland China, Taiwan, Hong Kong, Macau, Southeast Asia, South Korea, and Japan) to the French Indian Ocean island of Réunion.

The surcharge will remain in effect until further notice. It is set at $500 per TEU and applies to dry, refrigerated, oversized, and bulk cargo.

Source: CMA CGM

11. DHL Express Adds "Trade Route Comparison" Feature

June 6 - DHL Express has further upgraded its AI platform "My Global Trade Services" (MyGTS) by adding a "Trade Route Comparison" feature. This function enables businesses of all sizes to find references for existing trade route regulations and requirements between exporting and importing countries or regions. In addition to the new trade route comparison feature, MyGTS includes a pre-shipment planning tool to help businesses understand import/export regulations and calculate landed costs.

Source: DHL

12. U.S. E-commerce Spending Reaches $331.6 Billion from January to April

June 6 - In the first four months of 2024, U.S. e-commerce saw strong growth, increasing by 7% year-over-year to $331.6 billion.

Adobe Analytics analyzed U.S. online transaction data, covering one trillion visits to U.S. retail websites, 100 million SKUs, and 18 product categories. From January 1 to April 30, 2024, U.S. online spending reached $331.6 billion, a 7% increase, driven by steady spending on non-essential items such as electronics and apparel, as well as the ongoing surge in online grocery shopping. Adobe predicts that online spending in the first half of 2024 will exceed $500 billion, up 6.8% year-over-year.

Source: Adobe Analytics

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Official Account: Cross-Border E-commerce Logistics Baixiaosheng