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Breaking News! New Moves by SF Express and Cainiao Air Cargo! A Global Logistics Company Plans to Raise $10 Million in IPO!

News source: author: 2024-09-09 Page View:28
Introduction: DB Schenker’s Preferred Bidder Reveals Offer; USPS to Resume Holiday Surcharges; Global Logistics Company Plans to Raise $10 Million in IPO

1. Cainiao and DPD Launch Two All-Cargo International Air Routes

 

On September 9, it was reported that the inaugural ceremony for the Xi'an-Liège and Xi'an-Budapest all-cargo international air routes was held in Xixian New Area Airport New City. Liu Jun, Deputy Secretary of the Party Committee of the Airport New City Management Committee, Ren Wei, Deputy General Manager of Public Affairs at Cainiao Group, and Ma Zhipeng, Special Assistant to the General Manager of DPD Group China, signed the agreement to launch these routes. The opening of these two international routes provides strong support for building an air route network connecting "Silk Road, Europe, America, and beyond."

 

Source: Xinhua News Agency

 

2.SF Airlines Opens "Guangzhou-Delhi" Cargo Route

 

On September 9, SF Airlines flight O3137 departed from Guangzhou Baiyun International Airport and safely landed at Indira Gandhi International Airport in Delhi, marking the official opening of the "Guangzhou-Delhi" international cargo route. According to the flight plan, the route will be operated by a Boeing 767-300F aircraft, offering two round trips per week with a capacity of 200 tons. This route will expand air logistics channels between China and India, enhancing the cargo capacity of Guangzhou’s international air hub.

 

Source: Air Cargo News Express

 

3.DB Schenker to Confirm Preferred Bidder

 

On September 9, Deutsche Bahn (DB) is expected to confirm the preferred bidder for DB Schenker by mid-September. If the German logistics giant DB Schenker is acquired by the consortium led by CVC, it will continue to operate independently, retain its brand, and keep its headquarters in Germany. Insiders revealed that there will be no merger with Denmark's Scan Global Logistics, and DB Schenker may eventually choose to go public on the Frankfurt Stock Exchange.

 

Source: Shipping Industry News

 

4.USPS to Resume Holiday Surcharges

 

On September 9, USPS announced that it would resume holiday surcharges for some parcel services. The new pricing was approved by the Postmaster General on August 8, with Priority Mail Express seeing an average price increase of 4.9%, and Ground Advantage increasing by 6.4%. Other services such as Parcel Select, Special Services, and International Competitive will remain unchanged. The Postal Regulatory Commission is expected to review the price hikes, which are set to take effect from October 6, 2024, and continue until January 19, 2025. USPS stated that the adjustment is aimed at covering extra handling costs to ensure successful peak season operations. The new fees are expected to generate $77 million in parcel revenue for USPS in fiscal year 2025.

 

Source: USPS

 

5. Global Logistics Company Plans to Raise $10 Million in IPO

 

On September 9, global logistics company Tianci International, which provides sea freight forwarding services, announced its IPO terms on Nasdaq. The company initially filed in June 2024 but did not meet the $50 million minimum market cap requirement. Currently traded over-the-counter under the symbol “CIIT,” the Hong Kong-based company plans to raise $10 million by offering 2.2 million shares at $4 to $5 per share. At the midpoint of the proposed price range, the company's market cap would be $76 million.


Source: Zhitong Finance

 

6. Cainiao Launches "Two Euro, Two-Day Delivery" for Spain and Portugal

 

On September 9, Cainiao introduced a cost-effective logistics product, offering two-day delivery for e-commerce parcels across Spain and Portugal for just 2 euros. The product covers door-to-door service across five major cities in Spain (Madrid, Barcelona, Valencia, Alicante, and Murcia), reaching all of Spain and Portugal. To help merchants better prepare for the year-end peak season, Cainiao announced that the first 50 orders from new customers signed up in September will be delivered for free. Cainiao will also offer a "Two Euro, Two-Day Delivery" promotion throughout October to help local merchants seize the year-end sales opportunity at lower costs.


Source: Cainiao

 

7. YTO Express Discloses 756 Million International Parcel Services   


On September 9, YTO Express revealed that its international courier and parcel services reached 756 million yuan in the first half of 2024. During the reporting period, YTO actively adjusted its operations to meet market and customer demands and accelerated the implementation of its international development strategy. It launched segmented products such as international standard express, cross-border e-commerce delivery, and localized services in foreign markets, handling around 37 million international courier and parcel services.

 

Source: YTO Express

 

8. Amazon Adjusts Lightning Deal Rules

 

On September 9, Amazon announced updates to its Lightning Deal rules, allowing sellers to customize the number of items participating in the deal. The Lightning Deal page will now display a progress bar showing real-time sales performance, increasing customers’ urgency to purchase. Additionally, the product rating threshold has been raised to 4 stars or higher, and the rating review may be refined to two decimal places. For example, products with a 3.98 rating may miss out on Lightning Deal opportunities.

 

Source: Amazon

 

9. Shopee Announces Evaluation Rules for Full Managed Services

 

On September 9, Shopee revealed its seller evaluation rules for its Full Managed Services, which saw a 30-fold increase in daily orders in the first half of the year. To promote platform development and support quality sellers, Shopee will assess sellers based on five criteria: daily sales, new listings, pricing, fulfillment, and quality. Monthly evaluations will be conducted for sellers who have been onboard for more than 90 days, with results published on the 5th of each month. Sellers are ranked into five levels: S, A, B, C, and N (for new sellers). High-performing sellers will receive traffic support, while those with zero data or low scores may be eliminated. The evaluation system will be fully implemented on October 5.

 

Source: Shopee

 

10. eBay Simplifies Order Cancellation Process

 

On September 9, eBay simplified the order cancellation process to enhance trust between buyers and sellers and encourage repeat purchases. Buyers can now use the "Cancel Order" button to cancel unshipped orders. In previous eBay tests, this update increased buyer satisfaction by 25%, leading to more repeat purchases and helping sellers boost sales.

 

Source: eBay

 

11. Alibaba International Station Sees 69% Surge in September Orders

 

On September 9, it was reported that online B2B trade is booming, with Alibaba International Station's online orders surging 69% in less than a week since the September procurement festival began. The rapid growth is attributed to Alibaba International's large-scale investment overseas. At the CoCreate Summit held in the U.S. on September 5, Alibaba International Station launched a new AI procurement tool and partnered with global giants like Maersk and Mastercard to offer more reliable and cost-effective cross-border logistics and payment solutions, fueling the further boom of online B2B trade.

 

Source: 36Kr

 

12. MSC Adjusts CARIOCA Route Service

 

On September 9, MSC announced an adjustment to its CARIOCA route service to optimize its network from Asia to the east coast of South America. The new service will include an additional stop at Navegantes and add Santos after Rio de Janeiro to shorten transit time from Asia to Santos. The first voyage is scheduled for September 16, 2024, departing from Qingdao aboard MSC SIYA B (voyage QI438A). The port sequence will be: Qingdao (China) – Busan – Ningbo (China) – Shanghai (China) – Shekou (China) – Singapore – Colombo – Rio de Janeiro – Santos – Paranagua – Navegantes – Imbituba – Itajai – Santos – Itaguai – Colombo – Singapore – Qingdao (China).


Source: MSC

 

END

Public Account: Cross-Border E-commerce Logistics Baixiaosheng


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