1. USPS to Conduct Another Large-Scale Investigation into Water-Running Accounts

On June 26, it was announced that the United States Postal Service (USPS) will launch a new round of stringent investigations into water-running accounts. To address issues related to unpaid and counterfeit postage, USPS will begin verifying payment documents starting August 1, 2024. Packages not listed in the manifest will be intercepted and disposed of during the initial scan at the USPS headquarters. These packages will not be delivered, and shippers will not receive compensation.

Source: USPS

2. Well-Known Freight Forwarder JiaHong Logistics to Be Acquired

On June 26, news broke that the State Administration for Market Regulation's Anti-Monopoly Enforcement Division II has publicly announced the acquisition of JiaHong Shipping Co., Ltd. and other companies by Dubai Global Ports Logistics Free Zone Company. The public notice period is from June 24, 2024, to July 3, 2024. The simplified case announcement shows that on April 8, 2024, Dubai Global Ports Logistics Free Zone Company signed a share purchase agreement with JiaHong Logistics Holdings Limited and TuoLing Private Limited. According to the agreement, Dubai Global Ports Logistics intends to acquire all issued share capital of JiaHong Shipping Co., Ltd. and its subsidiaries. Before this transaction, JiaHong Shipping was wholly owned by JiaHong Holdings, with JiaHong Logistics holding 75% of the shares and TuoLing holding 25%. After the transaction, JiaHong Shipping Group will be solely controlled by Dubai Global Ports Logistics and indirectly controlled by Dubai Global Ports Group Limited.

Source: Jiemian News

3. Temu's GMV to Reach $130 Billion by 203

On June 26, Morgan Stanley analysts indicated that with adjustments to its global strategy, Temu's GMV (Gross Merchandise Volume) distribution is undergoing significant changes. It is expected that the contribution of the US market to Temu's GMV will decrease from over 50% in 2023 to 33% in 2024, and further down to 30% by 2030. Meanwhile, the European market is expected to become Temu's largest GMV source in 2024, accounting for 37%, with the Latin American market contributing about 10% of GMV in 2024. Based on this trend, analysts predict that Temu's GMV will grow from $19 billion in 2023 to $53 billion in 2024, and potentially reach $130 billion by 2030.

Source: Chuhaiwang

4. SHEIN Boosts European E-Commerce Growth

On June 26, a report from Foxintelligence revealed that in May, European e-commerce sales increased by 6% year-on-year, with a 12% increase in volume, slightly higher than the previous month's growth rate. Fast fashion giant Shein showed particularly strong performance. From January 1 to May 12, 2024, the Netherlands had the highest share of Shein's beauty product e-commerce sales in Europe, reaching 7%, a 1.7% increase compared to the same period in 2023. This was followed by Italy (6.8%, up 2.2% year-on-year), the United Kingdom (6.7%, up 1.8% year-on-year), and Belgium (5.9%, up 0.8% year-on-year).

Source: Foxintelligence

5. Alibaba International Station and Cainiao Collaborate for Overseas Expansion

On June 26, it was reported that Alibaba International Station, in collaboration with Cainiao, has launched "economical" logistics services in the US. The service will fully upgrade semi-managed logistics capacity, enhancing "semi-managed worry-free general cargo packages" and "semi-managed worry-free 3C small packages" to inject new momentum into cross-border B2B small order transactions, improve fulfillment capabilities, and increase delivery efficiency. Additionally, 30 new Cainiao collection warehouses will be added, covering over 40 key cities nationwide, offering free door-to-door pickup. Packages will be weighed starting at 1 gram, with no volumetric weight charges for packages under 2 kilograms, saving approximately 20% compared to similar routes. Services such as "lost package damage insurance," "worry-free returns," and "on-time delivery guarantee with late compensation" ensure timely and reliable delivery.

Source: Alibaba International Station

6. AliExpress and Brazilian Retail Giant Magalu Form Strategic Partnership

On June 26, it was announced that Magazine Luiza, one of Brazil's leading e-commerce companies, has signed a strategic cooperation agreement with China's e-commerce giant AliExpress. This partnership will enable the sale of high-quality AliExpress products on Magazine Luiza's e-commerce platform, providing Chinese cross-border merchants on AliExpress with a new sales channel reaching over a million active users.

According to the agreement, Magazine Luiza will begin selling AliExpress's "Choice" series products, including computer accessories, fashion items, home goods, tools, baby products, and more. Additionally, Magazine Luiza's home appliances and other durable consumer goods will be promoted and sold on the AliExpress platform. The partnership is set to officially commence in the third quarter of this year.

Source: Alibaba Global AliExpress

7. Shopee Thailand Adds "5-Day Delivery" Logistics Channel

On June 26, it was announced that Shopee Thailand launched the SLS-5 Day Delivery ("5DD") logistics channel on June 11 at 10:00 AM (local time) to continuously provide better services to its users.

The "5 Day Delivery" logistics channel aims to enhance the buyer's shopping experience and increase the seller's order volume by offering faster logistics services. It ensures that orders paid for before 2:00 PM on the same day are delivered to buyers within five business days (counting from the day after the order is placed, including Saturdays).

Source: Shopee Thailand

8. Etihad Cargo to Launch Abu Dhabi-Madrid Cargo Route

On June 26, it was announced that Etihad Cargo will launch a cargo route between Abu Dhabi (AUH) and Madrid (MAD) on July 15, using Boeing 777 freighters. This new route aims to strengthen its European network and support e-commerce connections from Asia to Europe via the Abu Dhabi hub. The route will operate twice weekly, with flights departing Abu Dhabi on Mondays and Wednesdays and returning from Madrid on Mondays and Thursdays.

Etihad Cargo stated that the introduction of this route recognizes Madrid as a "major fashion center in Europe" and will increase the total number of Etihad flights to Spain to 25 per week.

Source: Global Air Cargo

9. Air Cargo Volume to Reach 62 Million Tons in 2024

On June 26, during the annual meeting of IATA held earlier in the month, the Director General of IATA announced that airlines will transport 62 million tons of cargo in 2024, generating $8.3 trillion in trade. Airlines have created immense value by completing all these tasks quickly, safely, and economically. The total net profit of the aviation industry is expected to reach $30.5 billion in 2024, marking a significant success after the massive losses incurred during the pandemic.

Regarding air cargo, IATA data shows that cargo revenue is projected to decrease from $138 billion in 2023 to $120 billion in 2024. Although this is a significant drop from the abnormal peak of $210 billion in 2021, it is still higher than the $101 billion revenue in 2019 and an improvement over the previously forecasted $111 billion (announced in December 2023).

Source: Global Air Cargo

 10. Shanghai Airport's Cross-Border E-Commerce Cargo Volume Increases by 109% in First Five Months

On June 26, it was reported that from January to May this year, the cross-border e-commerce cargo volume at Shanghai Airport reached 181,300 tons, a year-on-year increase of 109%, accounting for 11% of the airport's total cargo and mail throughput. The total cargo and mail throughput at Shanghai Airport was 1.6619 million tons, a year-on-year increase of 15.39%. The airport's shipping network now covers 277 destinations in 51 countries and regions, including 58 all-cargo destinations in 31 countries and regions. Pudong Airport ranks third globally in terms of cargo volume.

Source: Wen Hui

11. Shanghai Airport Implements Facilitation of Cross-Border E-Commerce Cargo Collection and Transportation

On June 26, it was reported that in the early hours of the 24th, a batch of goods purchased by overseas consumers on a cross-border e-commerce platform departed from Pudong Airport on Eastern Airlines Logistics flight CK223 and landed in Los Angeles 12 hours later. This was the first batch of cross-border e-commerce cargo at Shanghai Airport to use a facilitated collection and transportation method. After screening and certification, the submission of relevant documents was simplified during collection, improving operational efficiency. Subsequently, two more flights, operated by Qatar Airways and EVA Air, transported a total of 765 kilograms of goods with batteries, which will soon be delivered to overseas buyers.

Recently, other domestic and international airlines have also adopted this facilitated collection and transportation method, marking these airlines as the first to use such methods at Shanghai Airport. This represents a significant step forward for the airport in facilitating the operation of cross-border e-commerce goods with batteries and beauty products.

Source: Xinmin Evening News

12. MSC Launches Two New Shipping Routes

On June 26, it was announced that Mediterranean Shipping Company (MSC) officially launched the OSPREY weekly service on the 24th, connecting Asia and Southeast India. This route further supplements the SHIKRA service, providing customers with more comprehensive network coverage between Asia and India. The first voyage of the OSPREY route will be carried out by the vessel "MSC SOMYA III," scheduled to depart from Shanghai on July 23, with the following port sequence: Shanghai - Ningbo - Singapore - Colombo - Ennore - Visakhapatnam - Shanghai.

Additionally, MSC has introduced a new independent route named SAOLA, offering direct connections between Central China and Vietnam with competitive transit times. The port sequence for this route is: Shanghai - Ningbo - Haiphong - Ho Chi Minh City - Vung Tau - Shanghai. The first voyage is planned to be carried out by MSC Vigour, departing from Shanghai on July 10, with the voyage number HS428A.

Source: MSC

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Public Account: Cross-Border E-Commerce Logistics Baixiaosheng