1. 2024 Top 50 Global Freight Companies List Released

On November 5, it was reported that based on the freight revenue rankings for 2023, the authoritative logistics magazine *Transport Topics* has released the 2024 list of the top 50 global freight companies. The top ten companies are: Amazon (1), FedEx (2), UPS (3), USPS (4), DHL (5), Maersk (6), CMA CGM (7), MSC (8), China State Railway Group Co., Ltd. (9), and Kuehne + Nagel (10).

The United States has the most companies in the top 50, with 18 firms making the list. China follows with six companies, including China State Railway Group Co., Ltd. (9), SF Group (11), COSCO Shipping (13), Sinotrans (24), Evergreen Marine (34), and Kerry Logistics (44).  

Source: Compiled by Cross-border E-commerce Logistics OmniSage

2. Air China Cargo’s Main Board IPO Approved

On November 5, it was announced that China International Cargo Airlines Co., Ltd.'s main board IPO registration had been approved. According to the Shenzhen Stock Exchange, the IPO was accepted on March 3, 2023, entered the inquiry stage on April 14, 2023, was approved for listing on September 27, and submitted for registration on October 10, 2024.

Air China Cargo, leveraging the extensive aviation transportation experience of the Air China Group, provides specialized and reliable air cargo transport solutions. It has become one of China's leading air logistics service providers. The company aims to raise approximately 3.5 billion yuan through the IPO.  

Source: Shenzhen Stock Exchange official website

3. JD.com's Same-day Delivery to Launch in Europe

On November 5, JD.com’s European omni-channel retail brand, ochama, announced the operation of a new automated warehouse in the city of Poznan, in central-western Poland. This new facility will further enhance ochama’s order fulfillment efficiency in Europe, particularly in Poland and Germany. Orders in Poland will be delivered as soon as the same day, with next-day delivery as a standard. In Germany, the 48-hour fulfillment rate will rise to 80%.  

Source: JD.com

4. SF Airlines Launches Its First International Cargo Route from Zhengzhou  

On November 5, SF Airlines opened the “Zhengzhou-Chennai” cargo route, marking its first international cargo route from Zhengzhou this year. The route will use a Boeing 767 freighter, with two flights per week (on Thursdays and Saturdays), mainly transporting electronic parts and components.  

Source: Civil Aviation Network of China

5. Anjun Express Begins Operations in São Paulo, Brazil

On November 5, Anjun’s Brazilian division officially launched its same-city, time-sensitive delivery service product (named "Anjun Super Express") in São Paulo. This service primarily caters to Brazilian e-commerce sellers and platforms with high delivery speed requirements.

Currently, the product only covers pick-up and delivery services within São Paulo. Orders placed before 12:00 noon can be delivered by 10:00 p.m. the same day (T+0), while orders placed after 12:00 p.m. will be delivered by 10:00 p.m. the next day (T+1). During a 30-day test in October, the service achieved an on-time delivery rate of 99.2%.  

Source: Anjun Express

6. Bezos to Sell $3.05 Billion Worth of Amazon Stock

On November 5, it was reported that Amazon founder Jeff Bezos applied to sell approximately 16.35 million shares of Amazon stock, with an estimated value of $3.05 billion. So far in 2024, Bezos has sold over $13 billion worth of Amazon stock. Company executives often receive restricted stock units (RSUs) based on company performance, and Amazon's Q3 2024 earnings report showed net sales of $158.9 billion, an 11% year-on-year increase and a 7% quarter-on-quarter growth.  

Source: Top Financial News

7. Amazon Overhauls Inbound Delivery Process

On November 5, Amazon CEO Andy Jassy revealed in the company's Q3 earnings call that Amazon is overhauling its inbound delivery network. Amazon has made hundreds of adjustments to its U.S. inbound delivery network and opened over 15 new facilities dedicated to receiving goods.

These changes have increased inventory distribution capacity in fulfillment centers by 25% year-over-year, helping to speed up sorting and delivery to customers. Amazon is shifting toward a regional network model to improve inventory placement, speed up delivery, and reduce transportation costs.  

Source: Amazon

8. Kuaishou Expands into Brazilian E-commerce Market

On November 5, Kuaishou's international version, Kwai, officially launched its e-commerce platform, Kwai Shop, in Brazil, expanding its business footprint. After entering the testing phase at the end of 2023, Kwai Shop has seen a 1,300% increase in daily purchase orders in 2024. Electronics, home goods, and cosmetics have become the top-selling categories. About 70% of small businesses in Brazil now use social networks like Kwai to increase their visibility.  

Source: Kwai

9. Alibaba Launches “Trade Assurance” Service in Europe  

On November 5, Alibaba launched a new service called “Trade Assurance” in the European market. The service offers payment protection, real-time order tracking, and targeted dispute resolution. It aims to set a new standard for secure and transparent B2B digital trade for businesses in France, Germany, Italy, and Spain. This move further strengthens Alibaba’s influence in global e-commerce while providing more trade conveniences for European SMEs.  

Source: Alibaba

10. Shopee Updates Preferred Seller Standards for Three Countries

On November 5, Shopee announced updates to its Preferred Seller standards for Thailand, Singapore, and Vietnam. Sellers must demonstrate solid sales records, provide excellent customer service, ensure fast and accurate shipping, comply with policies without penalties, and maintain high ratings for their stores and products. Additionally, sellers must not engage in fraudulent activities, sell counterfeit goods, violate public order, or use inappropriate language.  

Source: Shopee

11. CGL Opens New Air Cargo Route  

On November 5, a Compass Airlines B747F cargo flight from Zhengzhou Xinzheng International Airport to Sofia Airport in Bulgaria marked the official opening of a new cross-border air cargo route by CGL International Logistics Group in partnership with its business partners. The flight carried approximately 86 tons of electronics and cross-border e-commerce goods, totaling over 40,000 items. This route, with four flights per week, will provide about 360 tons of air freight capacity weekly, meeting the needs of China’s export market to Europe.  

Source: CGL International Logistics

12. COSCO Shipping's Strong Revenue and Cargo Volume Growth in First Three Quarters

On November 5, COSCO Shipping reported strong revenue and cargo volume growth for the first three quarters of 2024. Its container shipping business generated RMB 168.84 billion ($23.7 billion), up 30.57% year-on-year, with a 9.07% increase in cargo volume over the same period. Its terminal business achieved a total throughput of 107.27 million TEUs, up 7.08%, while terminal business revenue reached RMB 7.94 billion, up 6.49%.

Notably, cargo volumes for photovoltaics, lithium batteries, automobiles, and cross-border e-commerce increased by 31%, 20%, 17%, and 60%, respectively. By the end of Q3, COSCO operated 436 shipping routes with a capacity of 3.28 million TEUs, managing 371 berths at 39 ports worldwide, and ran 589 sea-rail combined routes for domestic and foreign trade.  

Source: COSCO Shipping  

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