1. Amazon Officially Enters Air Cargo Leasing Market  

On October 11, Amazon announced its formal entry into the air cargo leasing market, opening up its robust fleet to freight forwarders and other companies. Amazon Air currently operates over 100 aircraft and conducts more than 250 daily flights, covering 54 airports across the U.S. This move marks a strategic expansion in Amazon’s logistics operations, directly challenging the dominance of FedEx and UPS in the traditional air cargo sector.  

Source: FreightWaves

2.Temu’s User Base Reaches 90% of Amazon’s

On October 11, data from Sensor Tower revealed that as of August 2024, Temu's user base had reached 91% of Amazon’s. It is expected to surpass Amazon by the end of the year. Out of 84 countries and regions, users in 53 prefer Temu over Amazon. The preference for Temu is especially strong in Europe, where users in 28 out of 30 countries favor Temu. However, in the U.S. market, Amazon still holds a significant lead with around 40% market share, while Temu is expected to grow to 2.3% by next year.  

Source: Sensor Tower

3.J&T Express Daily Parcel Volume Reaches 67.8 Million in Q3

On October 11, J&T Express released its Q3 2024 operating report, revealing a total parcel volume of 6.239 billion for the quarter, up 18.5% year-on-year, with an average daily volume of 67.8 million. For the first three quarters of 2024, total parcel volume reached 17.254 billion, a year-on-year increase of 30.4%.

Regionally, J&T delivered 3.16 billion parcels in Southeast Asia, growing 33%, while in China, it handled 13.887 billion parcels, an increase of 29.8%.  

Source: J&T Express

4.Ezhou Huahu Launches First Nordic All-Cargo Route

On October 11, Maersk Air Cargo inaugurated a new "Ezhou ⇌ Billund" international cargo route operated by China Post Supply Chain Company. This route, operated by a Boeing B777-200F freighter with a capacity of 100 tons, runs twice a week and provides Huahu Airport with 400 tons of weekly air cargo capacity. The outbound goods mainly consist of mail products, while inbound goods are primarily fresh products.  

This route is Huahu Airport’s first direct all-cargo flight to Northern Europe, expanding its global cargo network.  

Source: Huahu Airport

5.DSV Raises €5 Billion to Fund Schenker Acquisition

On October 11, DSV raised €5 billion through a stock sale to finance its €14.3 billion acquisition of DB Schenker. The stock offering, which exceeded expectations, was aimed at Danish and international institutional investors without granting pre-emptive rights to existing DSV shareholders. DSV expects to fund the deal through a combination of equity and debt.  

Source: eCom News

6. UPS to Increase Shipping Rates Across Services

On October 11, UPS announced it will increase shipping rates by an average of 5.9% starting December 23, ahead of FedEx’s planned rate hike by two weeks. UPS will also update the postal code list for additional surcharges starting October 21, and from January 27, 2025, it will revise its large package surcharge calculation based on dimensions, weight, and cubic volume.  

Source: UPS

7.China Southern Airlines Logistics Introduces New Cross-Border E-Commerce Solutions

On October 11, China Southern Airlines Logistics revealed new initiatives supporting cross-border e-commerce. The company enhanced its logistics network by creating 70 cargo stations in key provincial capitals, helping domestic brands expand internationally. China Southern also optimized routes to South America and partnered with four major e-commerce platforms to provide comprehensive support from storage to distribution.  

Source: Xinhua News

8.Amazon Plans to Revise Return Policy in 2025

On October 11, Amazon announced plans to adjust its return policy for third-party sellers starting January 1, 2025. Frequent returners may face additional handling fees, while customers will still enjoy hassle-free returns within 30 days. The policy aims to reduce resource waste and improve the shopping experience.  

Source: Amazon

9. Lazada Adjusts Global Plus Commission Fees in Two Markets

On October 11, Lazada Malaysia (MY) and Singapore (SG) announced that starting October 15, 2024, the commission rates for Global Plus items will increase by 3% for cross-border merchants, aligning them with LGS items.  

Source: Lazada

10.Shopee Malaysia Introduces New Return Policy

On October 11, Shopee Malaysia announced a new return policy effective November 13, allowing buyers to cancel shipped orders for specific reasons, including wrong information or address, even while the parcel is in transit.  

Source: Shopee

11.Maersk and Hapag-Lloyd to Bypass Suez Canal in 2025

On October 11, Maersk and Hapag-Lloyd confirmed their decision to bypass the Suez Canal and opt for the Cape of Good Hope route starting February 1, 2025, as part of their Twin Star Alliance network plan.  

Source: YiShipping

12. MSC to Upgrade Chinook Route at the End of October

On October 11, MSC announced an upgrade to the Chinook route, with Vietnam’s Haiphong becoming a new stop on this trans-Pacific route starting October 23. The change is expected to benefit exporters by reducing transit times and enhancing supply chain resilience.  

Source: MSC

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