1. JD Airlines Signs Lease Agreement for Four 737-800 Converted Freighter Aircraft

On June 14, it was announced that AerCap Holdings, listed on the NYSE, has signed a lease agreement with JD Airlines, the cargo airline under JD Logistics, for four Boeing 737-800 Converted Freighter (BCF) aircraft. According to AerCap's official statement, these freighters will be operated by JD Logistics and based at Nantong Xingdong International Airport, serving major economic hubs such as Nantong, Beijing, Shenzhen, and Wuxi, as well as various destinations across Asia. With the addition of these four 737-800BCF aircraft, JD Airlines, which already leases three 737-800 BCF planes, will be able to meet the growing demand for e-commerce and express delivery.

Source:Cross-Border E-Commerce Logistics Expert

2. Top 100 Most Valuable Global Brands Announced

On June 14, Kantar Group released its latest 2024 Kantar BrandZ Top 100 Most Valuable Global Brands list. Apple achieved a historic milestone, becoming the first brand worldwide with a brand value exceeding $1 trillion. For the third consecutive year, Apple, along with Google, Microsoft, and Amazon, leads the top 100. The total brand value of the brands on this year's list rebounded by 20%, reaching $8.3 trillion, close to the 2022 peak of $8.7 trillion.

Eleven Chinese brands made the list: Tencent, Moutai, Alibaba, Douyin/TikTok, Haier, China Mobile, ICBC, Huawei, Ping An, Pinduoduo, and Nongfu Spring.

In the logistics sector, only UPS, FedEx, and DHL were included.

Source: Kantar Group

3. Amazon Adds Three New Exemptions to Low-Stock Inventory Fee Policy

On June 14, Amazon announced three additional changes to the low-stock inventory fee policy, applicable to the U.S., Germany, France, Italy, and Spain sites:

Unsellable Inventory Fee Exemption: Starting May 15:U.S. Site: Items with fewer than 20 units sold in the last 7 days will be exempt from the low-stock inventory fee.

European Sites:In Germany, France, Italy, and Spain, FNSKU items sold through Amazon’s European Fulfillment Network with fewer than 20 units sold in the past 7 days will be exempt from the low-stock inventory fee.

Reimbursement for Delays Caused by Amazon: Low-stock inventory fees incurred due to prolonged storage and processing times caused by Amazon or Amazon-managed services will be refunded by the 15th of the following month.

Prime Day Promotion: For Prime Day 2024, Amazon will offer a temporary reduction of low-stock inventory fees for Prime Exclusive Lightning Deals and Prime Exclusive Best Deals items, applicable for four weeks from Prime Day.

Source:Amazon Global Logistics

4. Cargojet Offers Regular Charter Services Between China and Canada

On June 14, Cargojet announced a three-year contract with Hong Kong-based logistics company Great Vision HK Express to provide regular charter services between China and Canada, supporting the growing e-commerce demand from China.

Under the contract, Cargojet will use Boeing 767-300 Converted Freighters to operate flights from Hangzhou to Vancouver, British Columbia, with at least three flights per week. The service began on May 22 and has completed eight flights so far. Some parcels will be delivered to customers in the Vancouver area, while the rest will be distributed across Canada through daily cargo flights to 15 other cities. Cargojet expects this plan to generate over CAD 160 million (approximately USD 117 million) in total revenue over the contract period and to further expand its 767 freighter network.

Source: Cargojet

5. YTO Express Establishes Logistics Company in Huizhou, Guangdong with Registered Capital of 30 Million RMB

On June 14, YTO Express established Huizhou Yuansheng Logistics Co., Ltd., with a registered capital of 30 million RMB. The company's business scope includes domestic container cargo transportation agency, road cargo transportation station operations, domestic cargo transportation agency, and international air cargo transportation agency. Shareholder information shows that the company is wholly owned by YTO Express Co., Ltd.

Source:Phoenix News

6. Market Survey Shows: Temu Surpasses eBay in the U.S. Market

On June 14, it was reported that within less than two years of entering the U.S. market, Chinese e-commerce newcomer Temu has attracted more repeat customers than the nearly 30-year-old e-commerce pioneer eBay Inc. A survey conducted in April with 1,000 consumers found that 34% of respondents shop on Temu at least once a month, compared to 29% for eBay. According to Omnisend, the London-based online marketing company that conducted the survey, Amazon remains far ahead, with over three-quarters of respondents shopping there at least once a month.

Source:JRJ

7. Lazada Officially Launches Recruitment for 3PF Stores

On June 14, Lazada announced the official launch of recruitment for Lazada 3PF stores. The core advantage of Lazada 3PF stores lies in the innovative "one store, multiple shipping" model, which allows merchants to flexibly choose local warehouses as shipping points. This enables the same inventory to serve multiple stores and platforms simultaneously, significantly improving logistics efficiency and market coverage. Products will be marked as locally shipped, enhancing consumer confidence and enjoying the same exposure opportunities and commission treatment as local stores.

Source:Chuhaiwang

8. TikTok Shop Vietnam Requires Sellers to Submit Tax Codes

On June 14, TikTok Shop Vietnam announced that all sellers must submit or verify their tax codes by July 1, 2024, including those who have previously submitted their tax codes. According to Vietnam's Law on Consumer Protection Rights (LPCR) and related regulations, e-commerce platforms are required to collect and verify sellers' tax codes. Sellers must submit their tax codes through the TikTok Shop Seller Center to ensure that tax information is accurate, complete, up-to-date, and matches all previously submitted information.

Source:Chuhaiwang

9. Shopee Philippines Adds New Logistics Channel

On June 14, Shopee Philippines announced the addition of the SLS-Express International (5-Day Delivery) logistics channel, effective from 12:00 PM local time on June 13, 2024. The Express International (5-Day Delivery) channel aims to provide faster logistics services, ensuring that orders paid by buyers before 2:00 PM are delivered within five business days (starting the day after the order is generated, including Saturdays). This enhancement is expected to improve the shopping experience for buyers and increase the order volume for sellers.

Source: E-commerce News

10.TikTok Shop Announces U.S. Summer Promotion Results

On June 14, TikTok Shop released the results of its U.S. summer promotion, breaking multiple records with a single-day GMV surpassing last year's Black Friday event. Highlights include record-breaking single-day GMV, platform short video GMV, and platform live stream GMV. Notably, creator Stormi achieved over $1 million in sales during a single live stream, setting a new record for TikTok Shop in the U.S.

Source:TikTok Shop Cross-Border E-Commerce

11. DHL Freight Announces Peak Season Surcharge for U.S. Routes

On June 14, DHL announced on its official website the imposition of a Peak Season Surcharge (PSS) for shipments from Asia to the United States, effective July 1, 2024 (loading date), until further notice. Details are as follows:

FROM:Asia (including China, Taiwan, Hong Kong and Macau SAR, Southeast Asia, South Korea, and Japan)

TO:United States

Types of Goods:Dry containers, refrigerated containers, out-of-gauge containers, and miscellaneous containers

Fee Structure:

$2160 per 20-foot container (all container types)

$2400 per 40-foot container/40HC/40-foot refrigerated container

$3040 per 45-foot container (all container types)

$3840 per 53-foot container (all container types)

Source: DHL

12. DHL Freight Announces Peak Season Surcharge for Asia to U.S. Territories

On June 14, DHL Freight announced the imposition of a Peak Season Surcharge (PSS) from Asia (including China, Taiwan, Hong Kong and Macau SAR, Southeast Asia, South Korea, and Japan) to Puerto Rico and the U.S. Virgin Islands, effective July 3, 2024 (loading date), at $2000 per container for all goods, until further notice.

Source:DHL

13. China Henan Airlines Signs Memorandum of Understanding with Malaysia Airports

On June 14, China Henan Airlines, a Chinese airport operator, signed a Memorandum of Understanding (MOU) with Malaysia Airports Holdings Berhad (MAHB) to enhance connectivity in air freight. China Henan Airlines currently manages Zhengzhou Xinzheng International Airport (CGO), one of China's major air cargo hubs, and has global freight terminal projects at Budapest Ferenc Liszt International Airport (BUD) and Leipzig/Halle Airport (LEJ).

The initiative aims to enhance operational efficiency and coverage for both airport groups, including establishing new air cargo routes between Kuala Lumpur International Airport (KUL) and other regions, connecting Europe with Malaysia, and reinforcing KUL's position as a regional logistics hub. Direct cargo flights from CGO to KUL will expand with Raya Airways operating three weekly freight flights starting in August 2024.

Source: Cross-Border E-Commerce Logistics Insights

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