1. J&T Express Releases 2024 Mid-Year Performance Report

On August 20, J&T Express announced its 2024 mid-year performance report. The report reveals that J&T Group achieved revenue of $4.86 billion, representing a 20.6% year-on-year increase, and net profit of $30 million, marking the company's first profitable period. In the first half of the year, J&T handled 11.01 billion parcels, an increase of 38.3% year-on-year.  

Source: J&T Express

2. Ezhou Huahu International Airport Completes "Air-to-Air Transfer"

On August 20, it was reported that flight I98837 carried two batches of cargo weighing a total of 3,500 kilograms, transiting through Huahu International Airport via the "switching mode" from Dhaka, Bangladesh, to Los Angeles, USA. This successful operation marks the debut of Huahu International Airport's "air-to-air transfer" service. Notably, this "air-to-air transfer" differed from the traditional "single airway bill" method; instead, it utilized a "switching mode" that enabled complex transfers across waybills, airlines, and national borders.  

Source: Ezhou Media

3. TEMU Semi-Managed Services to Launch in Japan, South Korea, and Mexico

On August 20, it was announced that TEMU's semi-managed service in Japan will officially launch on August 27, with support for product listing and pricing already available for merchants. The semi-managed services in South Korea and Mexico are expected to be launched by the end of the month. Currently, the Japanese site is fully open for merchant onboarding and product pricing, with early entrants having the opportunity to secure a leading market position and gain high-quality traffic. It is important to note that the entry requirements for the Japanese site differ from those for Europe and the United States. Merchants planning to enter the Japanese market should promptly confirm qualification requirements and prepare their product selection and inventory in advance.  

Source: Go Global Web

4. Cathay Pacific Cargo Volume Increases by 9.6% Year-on-Year in July

On August 20, Cathay Pacific reported that its cargo volume in July reached 126,800 tons, a 9.6% year-on-year increase and a 2% month-on-month increase. This growth builds on the 12% year-on-year increase in cargo tonnage seen in June, driven primarily by demand for Cathay's specialized services, perishables, and e-commerce. Specifically, the growth is reflected in three areas: an increase in the transportation of perishable goods from Southeast Asia and the Southwest Pacific to Hong Kong and Mainland China; an increase in project and oversized cargo shipments using Cathay's dedicated freighters through Cathay's expert services; and continued growth in e-commerce shipments, which remain a key driver of air freight growth in the Greater Bay Area.  

Source: Global Air Cargo

5. Amazon AWD Auto-Replenishment Feature Further Upgraded

On August 20, it was reported that Amazon has once again upgraded its AWD auto-replenishment feature. Following the May update, which reduced the replenishment model from three times a week to once a day, sellers can now set auto-replenishment or manual replenishment individually for each SKU, allowing for more efficient inventory management. For instance, sellers can use auto-replenishment for mature products with stable traffic, freeing themselves from cumbersome inventory management tasks. For new products, due to a lack of historical sales data, sellers can choose manual replenishment. Additionally, sellers can now flexibly set the maximum product quantity limit in FBA inventory for each SKU based on their sales plan or actual situation, avoiding overstocking issues due to excessive replenishment.  

Source: Amazon Global Selling

6. Amazon Adjusts Inbound Shipment Policy  

On August 20, it was reported that Amazon has once again adjusted its inbound shipment policy, announcing a new rule that to qualify for the inbound configuration fee waiver, sellers must ship each SKU in at least five identical cartons or pallets, and the combination and quantity of products in each carton must be exactly the same. For sellers sending multiple SKUs simultaneously, at least one SKU must follow this rule to qualify for the fee reduction.  

Source: Amazon

7. Ozon Increases Price Cap for Economy Mode Products

On August 20, it was reported that Russian e-commerce platform Ozon has raised the price cap for products in its economy mode. Previously, the price cap for products sold under the economy mode was 200 rubles. As of August 13, Ozon has increased the price cap to 500 rubles. The commission rates for products sold in the economy mode are as follows: 1% for products priced at 100 rubles or less; 5% for products priced between 100.01 and 500 rubles.  

Source: Ozon

8. eBay Extends Buyer Order Cancellation Time Limit

On August 20, eBay announced that it would simplify the order cancellation process, allowing buyers to request order cancellations themselves before the item is shipped. Previously, eBay had a 1-hour cancellation limit, but now buyers can use the "Cancel Order" button to cancel as long as the order has not yet been marked as shipped. Once an order is marked as shipped, the cancellation request process will no longer be accessible. Sellers will have 3 days to accept or reject the cancellation request; if no action is taken, the request will automatically be rejected after 3 days.  

Source: eBay

9. TikTok Shop Malaysia Local Store Policy Adjustment

On August 20, it was reported that TikTok Shop Malaysia Local Store will adjust the penalty point policy related to Late Delivery Rate (LDR) starting from September 2, 2024. LDR refers to the percentage of all orders that are not updated to "shipped" status by 23:59 within 7 days from the initial order date. To ensure a high-quality user experience, sellers should aim to keep their LDR below 4%. It is important to note that "business days" typically refer to Monday through Friday, but in the states of Kedah, Kelantan, and Terengganu, "business days" refer to Sunday through Thursday, with Friday, Saturday, and national holidays considered non-business days.  

Source: TikTok Shop

10. Tianjin Cargo Airlines Launches Sixth Cargo Route of the Year

On August 20, Tianjin Cargo Airlines announced the launch of the "Zhengzhou-Wuhu-Seoul" international cargo route, marking the sixth cargo route opened by the airline this year. The route is operated by a B737 freighter, with the first flight fully loaded with daily chemical products and e-commerce goods departing from Zhengzhou Xinzheng International Airport, transiting through Wuhu Xuanzhou Airport, and then continuing to Incheon International Airport in Seoul, South Korea. Previously, Tianjin Cargo Airlines had launched the Zhengzhou-Wuhu domestic cargo route. The addition of this international leg to Seoul further expands the air logistics corridor between Central and Eastern China and South Korea, continuously improving cargo transportation efficiency.  

Source: Tianjin Daily

11. European Cargo Airlines Launches "Urumqi-Bournemouth" Cargo Route

On August 20, it was reported that European Cargo Airlines launched the "Urumqi-Bournemouth" cargo route, operated by an A340-600 freighter, with plans to operate four flights per week. The first outbound flight carried over 60 tons of cross-border e-commerce goods. This route is the first all-cargo route connecting Urumqi to the Southwest region of England, further expanding Urumqi's international cargo channels and opening a new avenue for the accelerated export of domestic goods and the import of high-quality foreign products.  

Source: CCTV News

12. Hapag-Lloyd Increases Rates from Asia to Latin America

On August 20, German container shipping company Hapag-Lloyd announced the implementation of a new General Rate Increase (GRI) on routes from Asia to the West Coast of South America, Mexico, Central America, and the Caribbean. The GRI will apply to the transportation of cargo in 20-foot and 40-foot dry containers, including high-cube equipment and 40-foot non-operating reefer containers. The new rate increase will take effect on August 28 for all the aforementioned destinations, except Puerto Rico and the U.S. Virgin Islands, where it will be implemented starting September 13.

The Asia region covers the following countries: China, Macau (China), Taiwan (China), Japan, South Korea, Thailand, Singapore, Vietnam, Cambodia, the Philippines, Indonesia, Myanmar, Malaysia, Laos, and Brunei.

Source: Logistics Baba

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