1. FedEx Partnership Platform Offers Up to 90% Discount

On November 7, it was announced that Pitney Bowes and Visiture have introduced discounted rates for their respective customers through FedEx. Users of Pitney Bowes' ShipAccel platform now enjoy discounted shipping, with plans to extend this benefit to other services by year-end. Visiture's platforms, including ShipStation, Stamps.com, and ShipEngine, will also offer discounts to users starting in November via their FedEx account plan. Pitney Bowes noted that ShipAccel customers could receive up to a 90% discount. FedEx aims to attract more small business customers through this collaboration by simplifying the shipping experience and reducing the gap with UPS in the SME market. Since 2020, FedEx has partnered with multiple platforms to offer discounts to expand its small business user base.  

Source: EBRUN

2.SF Express Listed in Fortune’s 2024 Most Admired Chinese Companies

On November 7, Fortune Magazine published its "2024 Most Admired Chinese Companies All-Star List" and "2024 Most Admired Chinese Companies Industry Star List." SF Express was the only company in the transportation, shipping, and logistics sector to make the all-star list, ranking 2nd overall. This marks SF Express's eighth consecutive year on the list. Additionally, in the transportation, shipping, and logistics industry star list, SF Express, Cainiao, Sinotrans, and Yunda made the cut. In the related e-commerce sector, companies like Alibaba, JD.com, and Meituan also made the list.  

Source: SF Express Official WeChat

3. JD Logistics Market Value Reaches HKD 100 Billion Again in October

On November 7, it was reported that JD Logistics (HK02618) continued its upward trend from September, possibly benefiting from the "interconnectivity" announcement with Taobao and Tmall. It was the only one among the top three companies to see an increase in market value. JD Logistics, which saw its market value rise by nearly 50% in September, further increased by 12.86% in October, pushing its market value back to HKD 100 billion. The continuous rise in JD Logistics’ market value is likely tied to the “interconnectivity” announcement. On October 16, JD Logistics announced a partnership with Taotian Group, meaning JD Logistics will be fully integrated into the Taobao and Tmall platforms, allowing merchants to choose JD Logistics as their service provider. The collaboration will not only focus on e-commerce express services but also provide Taobao and Tmall merchants with JD’s integrated supply chain solutions and JD Freight services.  

Source: Baijiahao

4. A Global Shipping Giant May Make a Major Acquisition

On November 7, Maersk CEO Vincent Clerc stated during an investor conference call following the release of third-quarter financial results that Maersk is prepared and willing to make a large acquisition in Europe in the short term. He emphasized that while organic growth remains the company's priority in logistics, expanding capacity through acquisitions is still on the agenda.

Source: Shipping News

5.Lufthansa Opens First Direct Route from Asia to North America

On November 7, Lufthansa Cargo launched its first direct trans-Pacific freight route from Asia to North America. By offering direct freighter service from Vietnam to the U.S., the company expanded its presence in the trans-Pacific market. The service, operated by AeroLogic, co-owned by DHL Express, will run a weekly global route from Lufthansa's Frankfurt headquarters to these destinations.  

Source: Lufthansa Cargo

6.Amazon to Become the First Client of Maersk’s New Warehouse

On November 7, it was reported that AP Moller-Maersk has opened its first bonded warehouse in Vietnam, located in the SLP Industrial Park of Nam Dinh Vu in Haiphong province. Managed by Maersk Contract Logistics, the warehouse represents a significant milestone in Maersk's expansion in northern Vietnam, particularly amid growing import and export demands. The warehouse is strategically positioned along northern Vietnam’s major logistics corridor in Haiphong, a key logistics hub within the region's international transport network. It connects to Maersk's existing distribution center in Haiphong and the future Lach Huyen terminal being developed with APM Terminals and Hateco.  

Source: Baoyun.com

7.Shopee Issues New Policy to Regulate False Advertising of Product Specifications

On November 7, Shopee's cross-border store announced a new policy regarding false advertising of camera and photography products, specifically pixel-related claims. According to the new regulations, Shopee requires sellers to ensure that the information on the product itself, the product detail page, packaging, and any related documents (such as manuals) is completely consistent, particularly key parameters like pixel resolution. If discrepancies are found (such as mismatched data on product labels or manuals), warehouses will initiate return processing.  

Source: Shopee

8. Coupang Q3 Revenue Reaches $7.9 Billion

On November 7, South Korean e-commerce platform Coupang released its financial report for Q3 2024. As of September 30, Coupang's revenue for the third quarter reached $7.9 billion, a 27% year-over-year increase. Adjusted EBITDA was $340 million, with a profit margin of 4.4%. Gross profit reached $2.3 billion, up 45% year-over-year, though net profit decreased by $21 million to $64 million.  

Source: Coupang

9.Shopify Now Includes Duties in Product Prices

On November 7, Shopify announced improvements to its "Company Details" and "Company Location Details" pages, making the distinction between custom and standard information more apparent. Additionally, for merchants using Managed Markets, particularly for one-page checkout, Shopify has introduced a duty-inclusive pricing feature. When enabled, product prices on the checkout page will no longer separately display duty fees, as they will be included in the product price.  

Source: Shopify

10. DHgate Updates External Link Management Rules

On November 7, DHgate announced adjustments to its "External Link Management Rules" in accordance with the latest business requirements and regulations. The platform urged all sellers to comply with the platform's rules and ensure compliant operations. The new rules were revised on November 5, 2024, and will take effect on November 12, 2024.  

Source: DHgate

11.Henan Releases Plan to Promote High-Quality Development of Postal and Express Industry

On November 7, the Henan Provincial Government Office released the "Henan Province Action Plan to Promote High-Quality Development of the Postal and Express Industry and Accelerate the Construction of a Modern Logistics System." The plan aims to build a central hub for the postal and express industry by 2026. It sets out to develop over 60 industry projects across multiple sectors and fully integrate the postal and express industry into the "Four Ports Linkage" strategy. The plan also accelerates the construction of China Post’s air hub project and aims to open international direct mail routes from Zhengzhou, expanding cross-border e-commerce dedicated lines to regions like Los Angeles, New York, and Japan and Korea.  

Source: Henan Provincial Government

12. Customs Introduces New Policies to Boost Cross-Border E-Commerce Exports  

On November 7, China’s General Administration of Customs introduced several measures to further promote cross-border e-commerce exports. These include the cancellation of overseas warehouse registration for cross-border e-commerce export enterprises, simplification of export document submission procedures, expansion of the pilot program for “inspection before shipment” for consolidated cargo, and the promotion of cross-border e-commerce retail export cross-district return management models. These policies have positively impacted related businesses, simplifying operations, optimizing procedures, improving logistics efficiency, and streamlining return processes.  

Source: General Administration of Customs

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Cross-border E-commerce Logistics Baixiaosheng