1.DHL Partners with Zhongzhou Airlines

On July 11, DHL Express announced that it has signed a letter of intent for an operating agreement with Zhongzhou Airlines Co., Ltd. (hereinafter referred to as "Zhongzhou Airlines"). The plan involves transferring two DHL B777 freighters to Zhongzhou Airlines for operation. This will be the first time DHL Express has entrusted the maintenance and operation of its dedicated fleet to a domestic cargo airline. Currently, DHL Express operates a fleet of over 300 dedicated freighters, making it one of the largest cargo airlines in the world, with a service network covering over 220 countries and regions. Zhongzhou Airlines currently operates more than ten B737F and B777F freighters, with over 40 domestic and international cargo routes.

Source: DHL Express Views

2.UPS to Announce Second Quarter Results

On July 11, UPS announced that it will release its second quarter 2024 results on July 23, 2024, at approximately 6:00 a.m. Eastern Time. UPS CEO Carol Tomé and CFO Brian Dykes will host an investor conference call to discuss the results at 8:30 a.m. Eastern Time. The conference call will be webcast live and open to the public.

Source: UPS

3.Kuehne + Nagel Becomes Service Provider for Singapore Expo

On July 11, Kuehne + Nagel was designated by Constellar, the venue manager of the Singapore Expo, as an approved service provider for the Singapore Expo. Additionally, Kuehne + Nagel has been named the sole official freight forwarder for the upcoming 2024 Asia Pacific Industrial Transformation Conference, which will be held in October. The official press release states that this appointment highlights Kuehne + Nagel's long-standing expertise in providing exhibition logistics and event support services to venues and events worldwide.

Source: Compiled by Cross-Border E-Commerce Logistics Expert

4.Lehang Logistics Transfers MSC's Under-Construction Giant Vessels

On July 11, Lehang Logistics announced a significant decision that its wholly-owned subsidiary Lehang Boundless successfully transferred two under-construction 14,000 TEU (twenty-foot equivalent unit) container ships to two subsidiaries of Mediterranean Shipping Company (MSC) - Laudine Oceanway and Aludra Oceanway. This transaction not only marks Lehang Logistics' strategic adjustments and flexibility in the shipping market but also indicates another important step for MSC in expanding its global shipping footprint. To ensure the smooth completion of the transaction, Lehang Logistics and its affiliates signed detailed framework agreements and contractual replacement agreements with the two MSC subsidiaries.

Source: Gongqin Yunlian

5.Coupang Launches Rocket Growth Seller Website

On July 11, Coupang Inc., South Korea's largest e-commerce platform, announced the launch of a dedicated website for sellers interested in Rocket Growth. Launched in March last year, Rocket Growth is a one-stop service that provides comprehensive fulfillment services, including storage, packaging, inventory management, shipping, and returns once small and medium-sized sellers store their goods. The dedicated website includes various content such as the Rocket Growth system, registration methods, step-by-step guides, expert tips, educational materials, and video lectures. Notably, the fee guide page allows users to view detailed fees, including sales commissions, inbound and outbound shipping fees, and warehouse storage fees.

Source: kedglobal

6. Alibaba to Adjust International Site Categories

On July 11, it was announced that Alibaba will adjust the categories on its international site to optimize product structure and enhance buyer experience. The adjustments are expected to begin on July 15, 2024, and be completed by July 31, 2024.

Source: Alibaba

7.Jeff Bezos Sells $863.5 Million Worth of Amazon Stock

On July 11, regulatory filings with the U.S. Securities and Exchange Commission (SEC) revealed that Amazon founder Jeff Bezos sold a total of 4.314109 million shares of Amazon stock in three transactions, cashing out $863.5 million.

Source: CLS

8.TikTok Shop Adjusts New Store Inspection Rules for U.S. Region

On July 11, TikTok Shop announced adjustments to the inspection rules for new cross-border stores in the U.S. region to optimize platform merchant management. The new rules shorten the inspection period to at least 30 days and lower the order requirement to 500 orders, while raising the standard for store responsibility negative review rates to below 0.4%. This adjustment aims to quickly identify high-quality merchants and promote healthy market development. Notably, the new rules eliminate the early graduation channel and introduce a 60-day observation period. During this period, if the store responsibility negative review rate, delayed fulfillment rate, or store responsibility cancellation rate worsen to specific thresholds, the merchant will re-enter the inspection period.

Source: E-Commerce Research Center

9.eBay Improves Ad Platform with New Interface

On July 11, eBay announced a new interface and user experience for advertisers on its platform. As part of the eBay Ads relaunch, the e-commerce marketplace will offer the following new features: a new dashboard providing a streamlined, integrated solution for tracking and optimizing ad campaign performance; an improved Seller Hub marketing tab and new Ads tab offering one-click access to an enhanced advertising dashboard, providing a comprehensive view of ad campaigns and detailed reporting for analysis and adjustments. The "Today’s Recommendations" feature offers daily personalized tips to help optimize ad campaigns and improve ad performance. Ad Insights help sellers discover the latest news, research, and product announcements from eBay Ads. Other features include personalized recommendations and real-time pop-up notifications. In the new control panel, eBay sellers can utilize three advertising solutions: Promoted Listings, Promoted Off-site, and Promoted Stores.

Source: Chain Store Age

10.Xiaomo Port New Energy Vehicle Exports Exceed 50,000 Units

On July 11, it was reported that the BYD Ro-Ro ship "EXPLORER NO.1" carrying 2,132 new energy vehicles set sail from Shenzhen-Shantou Xiaomo International Logistics Port to Europe, heading to the ports of Rotterdam in the Netherlands and Santander in Spain. With the strong overseas expansion of domestic new energy vehicle brands like BYD, the total export volume of new energy vehicles from Shenzhen-Shantou Xiaomo International Logistics Port has exceeded 50,000 units.

Source: iShenzhen

11.Air China Renews Contract with WFS in the UK and France

On July 11, it was announced that Air China has extended its cargo handling contract with Worldwide Flight Services (WFS) in France and the UK for another three years. Following the contract renewal in Paris, WFS will handle cargo on 12 to 14 passenger flights per week connecting the French capital with Beijing, Chengdu, and Shanghai, and 10 cargo flights per week connecting Paris with Chengdu and Hangzhou. Additionally, at Heathrow Airport, the airline operates 24 passenger flights per week, transporting cargo to and from Beijing, Chengdu, and Shanghai.

Source: Compiled by Cross-Border E-Commerce Logistics Expert

12.Hebei's First Cross-Border E-Commerce "1210" Export to Overseas Warehouse

On July 11, it was reported that under the supervision of Xiong'an Customs, a batch of local specialty products (soft diatomaceous earth carpets) from Xiong'an, represented by Hebei Xiong'an Jialida Supply Chain Co., Ltd., successfully completed customs clearance procedures and were shipped to an overseas warehouse in Hong Kong. This is the first "1210" export cargo successfully cleared by Xiong'an Comprehensive Bonded Zone, and the first cross-border e-commerce special area export to an overseas warehouse in Hebei Province.

Source: Beijing Daily

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Public Account: Cross-Border E-Commerce Logistics Expert