1. UPS Imposes Overweight Fees on China-US Route Cargo

On August 22, it was reported that UPS announced that starting from September 15, it will impose an "overweight fee" of $0.25 per pound on goods imported to the United States from ten countries, including China. The fee for goods from mainland China, Hong Kong, and Macau will be doubled to $0.50 per pound. This fee is calculated based on the billable weight of the cargo, with an additional fuel surcharge, and may be adjusted in the future.

Source: UPS

2. JCET International Releases 2024 Semi-Annual Report

On August 22, it was reported that JCET International (603535) released its 2024 semi-annual report. In the first half of 2024, the company achieved total revenue of 657 million yuan, a year-on-year increase of 4.85%. The net profit attributable to shareholders was 118 million yuan, a year-on-year increase of 10.37%. Net profit excluding non-recurring items was also 118 million yuan, a year-on-year increase of 16.83%. The net cash flow from operating activities was 46.1754 million yuan, a year-on-year decrease of 19.63%. During the reporting period, JCET International’s basic earnings per share were 0.51 yuan, with a weighted average return on equity of 4.71%.

In terms of products, in the first half of 2024, the company's main business saw comprehensive logistics revenue of 403 million yuan, a year-on-year increase of 21.81%, accounting for 61.34% of operating income. Supply chain distribution execution revenue was 294 million yuan, accounting for 44.76% of operating income. The report stated that the change in operating income was primarily due to the increase in comprehensive logistics business revenue after JCET International Port was fully operational.

Source: JCET International

3. Temu's Global Downloads Surpass 600 Million

On August 22, it was reported that since its launch in the fall of 2022, the Chinese e-commerce platform Temu has seen a surge in popularity. According to Statista, from September 2022 to July 2024, the global shopping app Temu has been downloaded 680.57 million times. In July 2024 alone, Temu was downloaded nearly 58 million times worldwide.

Temu has attracted many Western consumers with its unique strategy. In the first five months of 2023, Temu’s total merchandise sales exceeded $1.5 billion. In April 2023, Temu reached its first milestone, surpassing 100 million active users in the United States.

Source: Statista

4. Walmart Sells Off All JD.com Shares

On August 22, it was reported that JD.com announced that its shareholder Walmart had completed the sale of all its shares in JD.com, and is no longer a shareholder holding more than 5% of the company. Subsequently, JD.com spent approximately $390 million to repurchase its own shares. JD.com stated that it remains confident about future cooperation between the two parties, while Walmart had not responded as of the time of publication. It is reported that Walmart sold 144.5 million JD.com shares at a price of $24.85 to $25.85 per share, raising up to $3.74 billion.

This transaction is likely a move by Walmart to alleviate its own financial pressure. Investors close to the transaction believe that Walmart's exit from JD.com's equity investment is a normal capital operation and does not affect the strategic cooperation relationship between the two companies.

Source: Red Star News

5. Amazon Converts Multiple Warehouses to Internal Use

On August 22, it was reported that according to a notice from Amazon's US site, starting from August 18, 2024, the warehouses SWF2, VGT2, IAH3, RFD2, TEB9, RFD2, TEB9, RDU2, LAX9, and RMN3 will all be converted to internal use and will no longer accept external shipments. Currently, during the transition period, it is still possible to schedule appointments, and goods with appointments will continue to be delivered. Additionally, shipments to these warehouses created before August 18 will still be accepted and delivered as usual. However, after August 18, these warehouses will no longer provide warehousing services.

Source: AMZ123

6. Temu Becomes the Third Largest Online Shopping Platform in Denmark

On August 22, it was reported that according to a new survey by the Confederation of Danish Industry (Dansk Industri, DI), Temu's popularity and recognition in Denmark have surpassed Amazon and eBay, making it one of the preferred online shopping platforms for Danish consumers. The survey shows that 71% of Danes are aware of Temu and consider it more mature than Amazon, eBay, and Wish. Currently, Temu has become the third most recognized online shopping platform in Denmark, following German company Zalando and Swedish company Boozt. Last year, about 22% of Danes shopped on Temu.

Source: Dansk Industri, DI

7. AliExpress Launches Customization Feature

On August 22, it was reported that AliExpress announced the launch of a customization feature, allowing consumers to place orders directly within the AliExpress App without needing to negotiate with merchants offline. AliExpress will designate a special "customizable" label for customized products and create a separate customization tag in the waterfall flow of the AE Business channel, as well as a dedicated customization section during the Small B Procurement Festival. For the UK site, where there is a high demand for customized products, a dedicated customization channel will be launched, with promotions through floating windows, push notifications, and banner ads across the site.

Source: AliExpress

8. Amazon Logistics Capacity Manager Adds Japan Site

On August 22, it was reported that Amazon Logistics Capacity Manager has officially been launched in Japan. The Amazon Logistics Capacity Manager helps sellers more accurately predict and manage inventory, reducing the risk of unexpected surges in storage demand. Amazon Logistics storage capacity is determined based on factors such as the seller's Inventory Performance Index (IPI) score, expected sales, time required for shipments to arrive at the warehouse, FBA storage capacity, and other factors. Capacity quotas are announced in the fourth week of each month. New professional seller accounts (with less than 39 weeks of active FBA use) are not subject to Amazon Logistics storage capacity restrictions.

Source: Amazon Global Selling

9. Dianxiaomi ERP Integrates with Temu Semi-Fulfillment Japan Site

On August 22, it was reported that Dianxiaomi ERP has integrated with the Temu Semi-Fulfillment Japan site, supporting bulk listings. Earlier reports indicated that Temu Semi-Fulfillment would open sites in Japan, South Korea, and Mexico, which immediately attracted widespread attention in the industry. The platform interface opening and the launch of the bulk listing function by Dianxiaomi further alleviate the operational pressure on sellers.

Source: Dianxiaomi

10. Lufthansa Cargo Receives 18th B777F

On August 22, it was reported that Lufthansa Cargo welcomed its 18th B777 freighter at Frankfurt Airport. This long-haul freighter flew directly from Boeing's factory in Everett, USA, to Lufthansa Cargo's largest cargo hub. Currently, Lufthansa Cargo operates 12 of its own B777 freighters on long-haul routes, with an additional six B777 freighters operated by AeroLogic, a joint venture between DHL and Lufthansa Cargo. Additionally, Lufthansa Cargo’s global network is supplemented by four A321 freighters deployed on medium- and short-haul routes. Since this summer, these A321 freighters not only serve Frankfurt but also connect Munich's hub with the cargo network.

Source: Lufthansa Cargo

11. "Chongqing-Shenzhen-Hong Kong Scheduled Train" Makes Maiden Voyage

On August 22, it was reported that the inauguration ceremony for the "Chongqing-Shenzhen-Hong Kong Scheduled Train" and the unveiling of the Yantian International Inland Port (Chongqing) took place in Chongqing. The first "Chongqing-Shenzhen-Hong Kong Scheduled Train" has departed. Chongqing Tuanjie Village has officially been launched as the 16th inland port for Shenzhen Yantian Port. According to reports, since the implementation of the Chinese Railway's third quarter operational plan for 2024, the "Chongqing-Shenzhen Train" has been running on schedule, reducing the related cargo transit time between the two cities from the original five days to two days. The cargo, including auto parts and electronics, will be transported to Shenzhen Yantian Port and then transferred by barge to Hong Kong Kwai Tsing Port within eight hours, before being loaded onto international vessels bound for Europe, Japan, Southeast Asia, and other regions.

Source: China News Service

12. Hainan Free Trade Port Completes First International Transshipment and Consolidation

On August 22, it was reported that under the supervision of Yangpu Customs, Haikou Customs, the first international transshipment and consolidation operation at Hainan Free Trade Port was successfully completed. A shipment of daily necessities from Thailand was consolidated with local export goods from Hainan at the Yangpu Port International Transshipment and Consolidation site, where they were unpacked, sorted, and consolidated before being smoothly cleared through customs. This marks the first international transshipment and consolidation operation at Hainan Free Trade Port, symbolizing the full connectivity of the international transshipment and consolidation process at Yangpu Port. This development is significant for promoting Hainan Free Trade Port’s role in facilitating the mutual promotion of domestic and international dual circulation.

Source: Cailian Press

END

Public Account: Cross-border E-commerce Logistics Baixiaosheng