1. DHL Lowers Full-Year and Mid-Term Growth Forecast

On November 6, DHL Group, the international logistics giant, released its Q3 2024 financial results. The report showed a net profit of €751 million ($818 million), down 6.9% year-on-year. Earnings before interest and taxes (EBIT) reached €1.37 billion, up 0.1%. Despite ongoing weak market dynamics, Q3 revenue grew by 6.2% to €20.6 billion.

DHL's management decided to lower the group's full-year EBIT forecast from the previous range of €6.0 billion to €6.6 billion, down to above €5.8 billion. The mid-term EBIT growth forecast has also been revised from the previous €7.5 billion to €8.5 billion, down to more than €7.0 billion by 2026. DHL's CFO, Melanie Kreis, said the company is in a growth phase, particularly in the global freight forwarding business, which requires more working capital, thus affecting cash flow.  

Source: DHL

2. JD.com Expands Parcel Delivery Service to 13 More Countries in the Americas and Oceania

On November 6, it was reported that JD International Express has further expanded its parcel delivery services to countries in Oceania, South America, and North America, while continuing to expand in Asian countries. JD Express now offers parcel delivery services in 13 countries across three continents, including Australia, New Zealand, Brazil, Argentina, Panama, Colombia, Bolivia, Ecuador, Peru, Uruguay, Chile, Venezuela, and Suriname. Consumers in these countries can now receive parcels shipped by JD from China.  

Source: JD Logistics Bulletin

3. SpeedX Acquires Cross-Border E-commerce Logistics Provider AGS

On November 6, parcel carrier SpeedX announced the acquisition of cross-border e-commerce logistics provider Accelerated Global Solutions (AGS). The specific acquisition price was not disclosed. This acquisition will combine SpeedX's last-mile delivery capabilities with AGS's strengths in freight forwarding and customs clearance, providing opportunities to expand SpeedX's domestic air hub services in the U.S., Canada, and Puerto Rico.

In 2024, the combined revenue of the two companies is expected to exceed $500 million. SpeedX currently serves over 9,000 postal codes and has delivered 45 million parcels, with a goal of handling about 500,000 parcels per day by 2025. AGS manages cargo from ports in China and Southeast Asia, with warehouses located in several major cities in North America. This acquisition will help SpeedX further expand its cross-border logistics business.  

Source: SpeedX

4. Stonepeak to Acquire ATSG for $3.1 Billion

On November 6, it was announced that investment firm Stonepeak will acquire U.S. cargo airline lessor and operator Air Transport Services Group (ATSG) for $3.1 billion. The two companies have reached a definitive agreement, which has been unanimously approved by ATSG’s board. Once the transaction is completed, ATSG's stock will no longer be traded on the Nasdaq, and ATSG will become a private company. The transaction is expected to be completed in the first half of 2025, subject to the usual closing conditions, including shareholder and regulatory approval.  

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

5. SHEIN, Temu, and AliExpress Rank Among Switzerland’s Top 10 E-commerce Platforms

On November 6, it was reported that the rise of Chinese shopping platforms has had a strong impact on the Swiss e-commerce market. Research by the University of St. Gallen shows that three Chinese platforms—SHEIN, Temu, and AliExpress—are among the top 10 most popular e-commerce platforms in Switzerland. Amazon tops the list with a 10.5% market share, followed by Galaxus and Zalando. Notably, Temu has become the fourth-largest e-commerce platform for Swiss consumers, with 4.6% of consumers choosing it, even though the platform did not exist three years ago.  

Source: University of St. Gallen

6. Amazon SEND Launches Middle East Sea Freight Service

On November 6, Amazon officially launched its Amazon SEND sea freight service for the Middle East, offering sellers more flexible service options. From November 5 to December 5, a month-long limited-time discount promotion will be available. Amazon SEND provides long-term replenishment solutions, ideal for bulk replenishment with advance shipping planning. Multiple FBA (Fulfillment by Amazon) lead times are offered, with priority routes delivering to Saudi Arabia in as little as 45 days and to the UAE in 35 days.  

Source: Amazon Global Selling

7. Shopee Launches Incentive Measures for 11.11 Sellers

On November 6, with the 11.11 shopping festival approaching, Shopee introduced several major discounts and multiple benefits for cross-border sellers across various sites.These include Shopee Live streaming discounts, attractive prizes, and free shipping services with no minimum purchase. To help sellers secure more orders during this 11.11 event, Shopee has optimized its marketing and logistics ecosystems and introduced various incentive measures. Shopee Video, a new traffic entry point, will be a key highlight of this year's promotion.  

Source: Shopee

8. China Added 18 New International Cargo Routes in October

On November 6, it was reported that China continued to add new international cargo routes in October, with Europe and Asia accounting for the most new routes. According to the Aviation Logistics Branch of the China Federation of Logistics and Purchasing, a total of 18 new international cargo routes were opened in October, adding over 30 round-trip flights per week. In total, 14 airlines were involved, including seven domestic airlines. Export goods mainly included cross-border e-commerce goods, fresh produce, and electronic products.  

Source: China Federation of Logistics and Purchasing

9. Ezhou Airport's Comprehensive Bonded Warehouse Center Project Fully Completed

On November 6, it was announced that the storage center project at Ezhou Airport's comprehensive bonded zone was fully completed after four months of intensive construction. With a total investment of ¥1.186 billion, the project started in July and maintained a fast construction pace. As a bonded logistics storage facility for various domestic and international industries such as cross-border e-commerce, the center provides 107,000 square meters of warehouse space for leasing and offers services like airside logistics distribution and transfer consolidation.  

Source: Ezhou Government Network

10. Shanxi Opens Cargo Flight Route to Central Asia

On November 6, it was reported that a batch of Chinese-made goods boarded a Tianjin Cargo Airlines Boeing 737-800 from Taiyuan Wusu International Airport in Shanxi, heading to Almaty, Kazakhstan. This marks the official opening of an air freight corridor from Shanxi to Central Asia. The flight operates every Monday and Friday from Taiyuan directly to Almaty, with the cargo being distributed to other Central Asian and European countries after arrival. Each one-way trip takes 6 hours, significantly improving transport efficiency and reducing logistics costs compared to road and rail transportation by 60% and 30%, respectively.  

Source: China Transportation News

11. Nanning Airport Creates a "Four-Hour Air Logistics Circle" to ASEAN

On November 6, it was reported that Nanning Wuxu Airport handled 79,300 tons of international and regional cargo and mail in the first three quarters of this year, a year-on-year increase of 32.58%. The airport now operates 15 international cargo routes, connecting 15 cities in 10 ASEAN and South Asian countries, forming a "four-hour air logistics circle" between Nanning and ASEAN countries. Nanning Airport has also innovated domestic and international cargo transfer processes and embedded 'virtual gates' technology at the airside transfer center, reducing operating costs for companies. With the completion of phase two of its domestic public cargo station and the airside transfer center, the airport's annual cargo handling capacity has reached 470,000 tons.  

Source: Jintai News

12. Maersk to Implement PSS from Far East to Australia and Others

On November 6, it was reported that Maersk is adjusting its Peak Season Surcharge (PSS). The applicable regions include mainland China, Hong Kong, Japan, Korea, Mongolia, Brunei, Indonesia, Malaysia, the Philippines, Singapore, Timor-Leste, Cambodia, Laos, Myanmar, Thailand, and Vietnam to Australia, Papua New Guinea, and the Solomon Islands. The surcharge will take effect on November 15, 2024. For Taiwan to Australia, Papua New Guinea, and the Solomon Islands, it will take effect on November 30, 2024.  

Source: Logistics Baba

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Cross-border E-commerce Logistics Baixiaosheng