1. SF Express Partners with Yunnan Construction and Investment Logistics

On August 5, it was announced that SF Express has officially signed a strategic cooperation agreement with Yunnan Construction and Investment Logistics. Leveraging this agreement, both parties will continuously deepen their cooperation in various fields such as smart park operations, supply chain solutions and delivery, and cross-border business. This collaboration aims to create synergy from top to bottom, strengthen resource complementarity, and share advantages to achieve mutual benefits. This will benefit more consumers and upstream and downstream partners, serving a better life together. Additionally, SF Express hopes to utilize Yunnan Construction and Investment Logistics' diverse domestic and international resources in South Asia and Southeast Asia to further promote its international strategy and respond to the national "Belt and Road" initiative.

Source: SF Express Group

2、DHL Extends Cooperation with Leipzig Halle Airport

On August 5, it was reported that DHL Group has extended its framework agreement with Leipzig Halle Airport operator, Mitteldeutsche Flughafen AG, by 15 years, until 2053. The DHL air hub at Leipzig Halle Airport, which opened in 2008, is the largest of DHL Express's three global hubs, handling about 350,000 shipments and over 2,000 tons of cargo each night. On average, 75 aircraft depart from this hub to more than 50 global destinations every business day. This extension is significant for DHL Group’s global logistics network and layout. The geographic location of the Leipzig hub has positively impacted the regional economy and employment.

Source: DHL

3、Amazon Releases Second Quarter Financial Report

On August 5, Amazon released its financial report for the second quarter of fiscal year 2024. The report shows that in Q2 2024, Amazon's net sales were $148 billion, a 10% increase compared to $134.4 billion in the same period last year. Operating profit reached $14.7 billion, compared to $7.7 billion in Q2 2023. Net profit was $13.5 billion, a significant year-over-year increase of 100%. Diluted earnings per share were $1.26, compared to $0.65 in Q2 of fiscal year 2023.

Source: Amazon

4. Huahu Airport Enters the Era of Operating F-Class Aircraf

On August 5, it was announced that flight 5Y8246 from Chicago landed smoothly at Ezhou Huahu International Airport. This marks the airport’s first F-class aircraft, a Boeing 747-8F. Huahu Airport's modern hardware facilities and high-standard operational service systems provided excellent support for the debut of the new aircraft model. This signifies that Huahu Airport has officially entered the era of operating F-class aircraft, marking a new height in its cargo support capabilities and aiding Hubei in accelerating its "airborne seaport" strategy. Source: Ezhou Huahu International Airport

5、The World's Eighth Largest Ocean Freight Forwarder Announces Latest Results and Sells Subsidiary

On August 5, it was announced that C.H. Robinson, the world's eighth-largest ocean freight forwarder, released its second-quarter and first-half performance results. The global forwarding business segment reported Q2 total revenue of approximately $920 million, an 18.1% year-over-year increase, and adjusted gross profit of $180 million, a 2.7% year-over-year increase. For the first half of the year, the segment's total revenue was approximately $1.78 billion, a 13.4% increase, with adjusted gross profit of $360 million, a 1.9% increase.

Prior to announcing its results, C.H. Robinson also announced the sale of its subsidiary, European Surface Transportation (EST), to the European digital road freight forwarder Sennder Technologies GmbH (Sennder). This transaction is expected to be completed in Q4 2024. Europe remains an important strategic market for C.H. Robinson, which will focus on global freight and management services in the region.

Source: C.H. Robinson

6. Taobao Launches First Batch of “Global Free Shipping Plan for Apparel”

On August 5, it was announced that the first batch of the "Global Free Shipping Plan for Apparel" by Taobao has officially launched. Users in Singapore, Malaysia, South Korea, Hong Kong, Taiwan, and Macau can now see the "Free Shipping for Apparel" channel on the Taobao App homepage. From now on, these users can enjoy free shipping on clothing just like those in Jiangsu, Zhejiang, and Shanghai.

For users residing in these regions, Taobao will also release exclusive apparel coupons, allowing all users to receive a "10 CNY off on purchases over 99 CNY" and a "50 CNY off on purchases over 249 CNY" coupon each day, which can be used across multiple stores. Additionally, from the launch date, a limited number of "100 CNY off on purchases over 200 CNY" coupons will be available each day.

Source: Leifeng.com

7. TikTok and Amazon to Debut at Vietnam’s Largest Shopping Festival

On August 5, it was announced that Vietnam's largest shopping festival, the ASEAN Online Sale Day 2024, will officially kick off on August 8. Organized by Vietnam's E-commerce and Digital Economy Agency (iDEA), the three-day event will be held on onlineasean.com, providing a unique platform for businesses and consumers across ASEAN to showcase and purchase quality products at special discounts. Major e-commerce platforms like Lazada and Shopee will be featured, and TikTok and Amazon will make their debut, expected to enhance the event’s appeal and influence.

Source: Ennews.com

8. Etsy’s Second Quarter Sales Decline by 2.1% Year-on-Year

On August 5, it was announced that U.S. e-commerce platform Etsy reported its second-quarter performance. Sales amounted to $2.9 billion, a 2.1% decrease year-on-year. Consolidated revenue was $647.8 million, a 3.0% increase year-on-year. Consolidated net income was $53 million, a decrease of $8.9 million compared to the same period last year, with a profit margin of 8.2%. Adjusted EBITDA was $179.4 million, with a profit margin of 27.7%. The number of active buyers on Etsy increased by 1.0% year-on-year to 91.5 million.

Source: Etsy

9. New Breakthrough in Export Volume for China’s First BRICS Cities Air Transport Route

On August 5, it was announced that 136,000 cross-border e-commerce parcels containing shoes, clothing, and household goods were exported to Brazil, a BRICS country, via China's first BRICS cities air transport route “Xiamen, China - São Paulo, Brazil.” With this shipment, the total number of parcels exported through the BRICS route this year surpassed 10 million, reaching 10.0565 million.

Source: Economic Observer

10. Global Air Cargo Demand in June Breaks 2021 Record

On August 5, it was reported that the International Air Transport Association (IATA) released its regular report on global air cargo for June 2024. Air cargo demand in June surged by 14.1%, with strong performance in the first half of the year. Cargo volume exceeded that of the same periods in 2023 and 2022, breaking the 2021 record. Global air cargo demand, measured in cargo tonne-kilometers (CTKs*), increased by 14.1% year-on-year in June 2023, achieving double-digit growth for seven consecutive months. Air cargo capacity increased by 8.8% year-on-year in June 2023. Compared to the first half of 2023, total demand in the first half of this year (H1) increased by 13.4%, 4.3% compared to the first half of 2022, and 0.02% compared to the first half of 2021.

Regional performance in June was as follows: Asia-Pacific airlines saw the fastest growth in air cargo demand with a 17.0% year-on-year increase; North American airlines had the weakest growth at 9.5% year-on-year; European airlines saw a 16.1% year-on-year increase; Middle Eastern airlines saw a 13.8% year-on-year increase; Latin American airlines saw a 13.1% year-on-year increase; and African airlines saw an 11.8% year-on-year increase.

Source: Air Cargo News Express

11. Maersk to Impose Surcharges on Shipments from Gabon

On August 5, it was announced that Maersk has issued an important notice stating that to address operational challenges during the logistics peak season, it will implement a new Peak Season Surcharge (PSS) on shipments from Gabon. Starting August 15, all cargo departing from Gabon to non-regulated countries will be subject to this surcharge. From August 29, the surcharge scope will further expand to include American Samoa, Guam, Puerto Rico, the U.S. Virgin Islands, Colombia, Taiwan, and the U.S.

The specific rates vary by container type. For 20-foot dry containers (20 DRY), an additional $200 per container will be charged, while for 40-foot and larger dry containers, such as 40DRY, 40HDRY, and 45HDRY, a uniform surcharge of $300 per container will be applied. Maersk's move aims to ensure service quality and logistics efficiency, providing stable and reliable transportation services for customers during the peak season.

Source: Maersk

12. Ministry of Commerce Encourages Cross-border E-commerce Platforms to Expand Categories and Functions

On August 5, it was reported that Li Xingqian, Director of the Foreign Trade Department of the Ministry of Commerce, stated at a press conference held by the State Council Information Office that the Ministry will deepen international cooperation, actively participate in international bilateral and multilateral negotiations, and use communication mechanisms such as bilateral economic and trade joint committees and trade facilitation working groups to promote China's experiences, practices, and achievements in the development of cross-border e-commerce. The Ministry will vigorously develop “Silk Road E-commerce,” support cross-border e-commerce comprehensive pilot zones, industries, and enterprises to actively engage in international exchanges and cooperation. Cross-border e-commerce platforms are encouraged to expand their product categories and service functions, supporting the healthy development of consumer goods e-commerce platforms targeting the C-end, as well as the innovative development of industrial equipment, semi-finished products, and parts e-commerce platforms targeting the B-end.

Source: China.com

END

Official Account: Cross-border E-commerce Logistics Baixiaosheng