1.SHEIN's Full-Management Service Unaffected by U.S. Tariff Changes

On February 11, SHEIN announced that the increase in U.S. tariffs will not affect normal sales on its U.S. site. Regarding price adjustments, the platform will evaluate changes based on specific policies and market conditions to minimize the impact on sellers. Additionally, the new U.S. tariff adjustments will not impact the operation of SHEIN's full-management services.

Source: Baiyun Logistics

2.China Cargo Airlines Completes Oversubscription

On February 11, China International Cargo Airlines (China Cargo Airlines) announced that the over-allotment option for its initial public offering (IPO) had been fully exercised by January 28, 2025. CITIC Securities sold an additional 198.18 million shares at the offering price of RMB 2.30 per share on December 19, 2024, representing 15% of the initial issuance.

The total amount raised from this offering was RMB 3.495 billion, with net proceeds of RMB 3.437 billion after deducting issuance expenses.

Source: Beijing News

3.China Southern Airlines Logistics Introduces New B777F Freighter

On February 11, a new B777F freighter, registered B-226C, landed smoothly at Guangzhou Baiyun Airport after departing from Seattle, marking China Southern Airlines Logistics' first freighter of 2025. The fleet now operates 18 B777F freighters, ranking first in China, with over 70 international scheduled flights weekly covering major global cargo hubs.

Source: Civil Aviation News

4.TEMU Plans to Strengthen Localization of Logistics and Operations in South Korea

On February 11, industry sources revealed that TEMU has been actively expanding its presence in South Korea since late last year. The company is hiring local employees and planning to establish a comprehensive logistics system to strengthen its operations. TEMU currently relies on local companies like CJ Logistics and Hanjin Logistics for delivery, but plans to increase investment in its own logistics system to improve supply chain efficiency.

Source: Yi En

5.SF Express Cancels Service Fee for U.S. Export Packages

On February 11, SF Express announced that following the U.S. government’s February 7 announcement to temporarily restore "321" clause benefits for goods from Mainland China and Hong Kong, SF Express will adjust its service fees.

Starting from 9:00 AM (Beijing Time) on February 8, SF Express will no longer charge a clearance service fee of RMB 20 per item for international e-commerce products shipped to the U.S. and will temporarily suspend the collection of customs duty deposits (unless otherwise agreed in contracts). Customs service fees and duty deposits paid for packages weighed between 12:01 PM on February 5 and 9:00 AM on February 8 will be refunded in full within 7 working days.

Source: SF Express International

6.Shentong Express Repurchases 0.50% of Shares by End of January

On February 11, Shentong Express announced that by January 31, 2025, it had repurchased 7.68 million shares through a dedicated securities account via centralized bidding, totaling RMB 79.98 million (excluding transaction fees). The repurchased shares account for 0.50% of the company’s total shares, with an average price of RMB 10.42 per share.

Source: Shentong Express

7.Amazon Plans to Reenter the Israeli Market

On February 11, Amazon announced that it is resuming its operations in Israel. The company has hired a manager for its Israeli division and is forming a team to restart local sales. Amazon is also in talks with Israeli sellers to assess the feasibility of resuming operations in the country, which may further drive Amazon's growth in the region and provide more choices for local sellers and consumers.

Source: Ynetnews

8.Shopify Launches Custom ID and Upsert API Features

On February 11, Shopify introduced two practical features: Custom ID and Upsert API, which will greatly simplify cross-platform data management for merchants. Previously, setting up a new store or migrating stores was a complicated and error-prone process. The new Custom ID feature allows merchants to assign unique identifiers to store or system resources, streamlining data synchronization and reducing inconsistencies.

Source: Shopify

9.First BRICS Cross-Border Air Freight Route Exports Over 30 Million Packages

On February 11, Xiamen Customs reported that since the launch of the first BRICS cities cross-border air freight line on February 10, 2023, the route has operated 474 flights, handling 33,200 tons of goods. The number of cross-border e-commerce packages exported via this route has exceeded 31.36 million. As the first cross-border air freight line between BRICS countries, it operates three flights per week, with each flight carrying up to 95 tons, providing efficient transportation for high-value goods and perishables.

Source: Xiamen Customs

10.Global Air Cargo Demand Hits All-Time High in 2024

On February 11, the International Air Transport Association (IATA) reported that global air cargo demand in 2024 reached an all-time high, surpassing the peak level seen in 2021. Full-year cargo demand grew by 7.4% compared to 2023 (with international demand increasing by 9.6%). Despite a 1.6% decline in average revenue per ton-kilometer compared to 2023, it remained 39% higher than 2019.

Source: IATA

11.C.H. Robinson Expands Air Freight Logistics Hub in Singapore

On February 11, global logistics provider C.H. Robinson announced a major expansion at its Changi Airport Free Trade Zone facility in Singapore, increasing operational space by 200%. This expansion aims to optimize air cargo operations to support growing market demands in Asia-Pacific, Europe, and the U.S., with significant benefits for the Chinese market.

Source: Yihang Logistics

12.ONE Announces Q3 FY2024 Financial Results

On February 11, Ocean Network Express (ONE) reported its financial results for Q3 of fiscal year 2024 (October to December). The company’s revenue for the last three months of 2024 reached $4.8 billion, a 44% increase compared to the same period last year. Additionally, the company’s net profit exceeded $1.15 billion.

Source: Logistics Baba

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