FedEx Misses Expectations; TEMU Semi-Managed Service Launches New Sites; Winit Becomes TEMU's Semi-Managed Partner Warehouse

1. FedEx Misses Expectations and Lowers Guidance

On September 23, it was reported that FedEx's first-quarter performance in fiscal year 2025 fell short of market expectations, and the company has lowered its full-year earnings guidance. FedEx's total revenue for the first quarter was $21.6 billion, below the expected $21.93 billion and slightly down year-on-year. The underperformance was mainly due to weakened package delivery demand, especially for priority shipments. While courier service revenue grew by about 4%, operating costs rose, compressing profit margins. Ground transport showed strong growth with a 6% year-on-year increase, driven by the continued rise in e-commerce demand and FedEx's investments in last-mile delivery. However, freight department revenue fell 3%, reflecting a slowdown in global trade and weakened demand for goods transportation.

Source: FedEx

2.TEMU Semi-Managed Service Launches New Sites

On September 23, it was announced that TEMU will soon launch semi-managed services on its Czech and Polish sites. The Czech site is expected to go live on September 29, while the Polish site is scheduled to open on October 6. Sellers can start listing products from September 22. To ensure smooth and efficient operations for sellers, TEMU has outlined shipping and return policies. The shipping policy supports domestic shipments between Germany, Italy, France, Spain, Poland, and the Czech Republic but does not yet support shipments from Belgium, Slovenia, Hungary, or the Netherlands to Poland or the Czech Republic.

The return policy allows for cross-border or domestic returns to merchant warehouses in Germany, Italy, France, Spain, and the Czech Republic. For Poland and Czech sites, sellers must upload their return shipping labels. Initially, there will be limited return logistics providers, but more will be added over time.

Source: Ebrun

3.Winit UK and Germany Warehouses Connect with TEMU Systems

On September 23, it was reported that Winit's UK and German warehouses have become TEMU's first European semi-managed partner warehouses. Winit's UK and German warehouses, along with its already connected US warehouse, are now integrated with TEMU's system. This allows Winit sellers to automatically sync and fulfill TEMU orders.

Source: Winit

4.YTO Express, Yunda Express, and STO Express Release Latest Performance Reports

On September 23, it was reported that three A-share listed courier companies—YTO Express, Yunda Express, and STO Express—released their August performance reports. YTO Express reported revenue of 4.908 billion yuan for August, a 20.67% year-on-year increase, with a business volume of 2.261 billion orders, up 29.87%. Yunda Express reported revenue of 3.917 billion yuan, a year-on-year increase of 11.41%, with a business volume of 1.973 billion orders, up 21.57%. STO Express reported revenue of 3.873 billion yuan, a year-on-year increase of 21.50%, with a business volume of 1.936 billion orders, up 27.26%.

Source: Courier Magazine

5.JD Zhaofeng Increases Stake in Deppon by 10.75 Million Shares

On September 23, Deppon announced that JD Zhaofeng Enterprise Management Co., Ltd., a shareholder holding more than 5% of the company, increased its stake by 10.7523 million shares on September 18, 2024, through bulk transactions. This represents 1.0470% of Deppon's total share capital. Following the equity change, JD Zhaofeng's stake in the company will rise from 5.4312% to 6.4782%. Deppon Holdings and JD Zhaofeng will hold a combined total of 72.9748% of the company's shares, up from 71.9278%.

Source: Deppon

6.J&T Express Sees Over 20% Increase in Parcel Volume

On September 23, J&T Express reported a significant increase in parcel volume during the Southeast Asia 9.9 promotion event (September 9). Compared to August, parcel volume increased by more than 20% in several Southeast Asian countries during the promotion period. Year-over-year, multiple countries saw their business volume double compared to the same promotion season last year.

Source: J&T Express

7.Amazon Increases Logistics Investment

On September 23, Amazon announced that it will invest over $2.1 billion in its Delivery Service Partner (DSP) program. This funding will be used for safety programs, DSP pricing tables, training, value-added services, and incentives. Over the past six years, Amazon has invested a total of $12.3 billion in this program. Amazon also stated that it will invest an additional $660 million next year to increase compensation for delivery service partners, with drivers' average hourly wages expected to rise to $22, a 7% annual growth rate.

Source: Guandian

8.Taobao Overseas Project to Undergo Major Upgrade

On September 23, it was reported that Taotian will further enhance its overseas expansion strategy. The original "Global Free Shipping Plan for Apparel" will be upgraded to the "Taobao Tmall Overseas Growth Plan," expanding global free shipping from the apparel category to all industries. An internal Taobao source revealed that future overseas commissions may be further reduced, and the free shipping regions will continue to expand. In the future, Taobao Tmall will continue to provide shipping fee subsidies for overseas products, expected to cover over 1 billion items.

In addition, Taobao will invest billions to help merchants explore overseas markets, offering free shipping services to international consumers. Unlike other cross-border e-commerce platforms, Taobao merchants will also retain pricing and product rights, allowing them to expand their brand abroad at a lower cost.

Source: Ebrun Power

9.Shopee Raises SIP Management Fee to 10%

On September 23, Shopee's cross-border stores issued a notice that the management fee rate for its Shopee International Platform (SIP) will be adjusted from 6% to 10%. This adjustment applies to all open sites under the SIP program and will take effect at 00:00 (Beijing Time) on September 27, 2024. Sellers who continue using SIP after the effective date will be deemed to have accepted the adjustment.

Additionally, it's worth noting that SIP stores do not charge additional site commissions (including VAT) of approximately 6.6%-16% or transaction fees (including VAT) of approximately 2%-5%, as these fees are borne by SIP, with the exception of some special sellers (e.g., invited sellers).

Source: Shopee

10.YTO Airlines Opens First Hungary Route

On September 23, it was reported that a YTO Airlines B-221F freighter recently carried 50 tons of cargo from Hangzhou Xiaoshan International Airport to Budapest, Hungary. This is YTO Airlines' first international cargo route to Hungary and its first China-Europe freight route opened this year.

Source: YTO Home

11.Alaska Airlines Acquires Hawaiian Airlines

On September 23, it was announced that Alaska Air Group has acquired Hawaiian Airlines in an all-stock deal valued at $1.9 billion. This acquisition will extend Alaska Airlines' operations to include trans-Pacific flights. Until a single operating certificate is obtained from the Federal Aviation Administration, Alaska Airlines and Hawaiian Airlines will continue to operate independently. Over the coming weeks and months, the two airlines will gradually integrate, while Hawaiian Airlines' brand will be retained.

Source: Global Air Cargo

12.Maersk and CMA CGM Impose Additional Fees on Multiple Routes

On September 23, it was reported that Maersk will charge a Weight Discrepancy Fee (WDF) of $300 per container for all departures starting October 15, 2024. Additionally, CMA CGM will impose port charges of $1,500 per standard container for imports to the U.S. East Coast and Gulf Coast from October 11, and export shipments will be subject to additional local port fees of $800 per 20-foot container and $1,000 per 40-foot container.

Source: Maersk, CMA CGM

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