1. Kuehne+Nagel's Annual Profit “Normalizes”

On March 6, Kuehne+Nagel announced its unaudited results for the fourth quarter and the full year of 2024. During the reporting period, the group's profitability normalized. For the full year of 2024, Kuehne+Nagel achieved a net operating income of CHF 24.802 billion, a year-on-year increase of 4.0%, with a gross profit of CHF 8.670 billion. Earnings before interest and taxes (EBIT) were CHF 1.654 billion, and net profit for the year was CHF 1.230 billion. The conversion rate (the ratio of EBIT to gross profit) reached 19% for the year, greatly surpassing pre-pandemic comparable figures. In 2024, Kuehne+Nagel’s sea freight logistics business achieved net revenue of CHF 9.282 billion, a year-on-year increase of 7.9%, while the air freight logistics business achieved CHF 7.308 billion in net revenue, a year-on-year increase of 5.3%.

Source: Shipping Industry

2. DHL Sells a Logistics Carrier

On March 6, DHL sold the 91-year-old Midwestern less-than-truckload (LTL) carrier Standard Forwarding to Sakaem Holdings and a newly formed subsidiary. The new owners renamed the carrier Standard Forwarding Freight, with leadership from Jack Cooper and Yellow Corp. alumni. DHL's sale of this near-century-old carrier marks the latest in a series of logistics giants shedding their LTL businesses.

It is reported that UPS sold its LTL division UPS Freight to TFI International for $800 million in 2021, which rebranded the former Overnite Transportation Co. as TForce Freight. Similarly, FedEx announced plans in December to spin off FedEx Freight, the nation's largest LTL carrier, into a separate, publicly traded company within 18 months.

Source: Supply Chain Dive

3. SF Express Repurchases 20.77 Million Shares

On March 6, SF Express announced that as of February 28, 2025, the company repurchased 20.7714 million A-shares through its special securities account for share repurchases, with a total repurchase amount of approximately RMB 758 million (excluding transaction fees). The repurchased shares account for 0.42% of the company’s total current share capital, with an average transaction price of RMB 36.49 per share (the highest price was RMB 37.88 per share, and the lowest was RMB 33.79 per share).

Source: SF Express

4. J&T Express' Overall Revenue Reaches $10.259 Billion in 2024

On March 6, J&T Express (01519) released its full-year performance announcement for the year ending December 31, 2024. During the reporting period, the company's overall revenue grew by 15.9%, increasing from $8.849 billion in 2023 to $10.259 billion in 2024. Revenue from express delivery services rose from $8.087 billion in 2023 to $9.98 billion, an increase of 23.4%. The company achieved a gross profit of $1.078 billion during the reporting period, a 128% increase from last year’s $473 million. Operating profit turned from a loss of $1.767 billion to a profit of $211 million.

Source: J&T Express

5. 2025 Government Work Report: Strengthen Overseas Warehouse Construction

On March 6, the 14th National People's Congress opened at the Great Hall of the People. In the government work report, the Premier stated that this year, China will expand high-level opening up and actively stabilize foreign trade and investment. The report emphasized that regardless of changes in the external environment, China will unswervingly adhere to opening up to the outside world, steadily expand institutional openness, and orderly promote autonomous and unilateral opening. In terms of stabilizing foreign trade, the government will increase policy support, promote the development of cross-border e-commerce, improve the cross-border delivery logistics system, strengthen overseas warehouse construction, and expand diversified markets. Regarding stabilizing foreign investment, the government will further open up the service sector, encourage foreign investment, protect the national treatment of foreign-invested enterprises, and build the "Invest in China" brand. In addition, the report also proposed the high-quality construction of the “Belt and Road Initiative,” deepening bilateral and multilateral regional economic cooperation, and promoting shared development between China and the world.

Source: Zhitong Finance

6. Amazon Haul to Launch in Europe Soon

On March 6, it was reported that Amazon plans to launch its budget store Amazon Haul in Europe in 2025 and has begun recruiting a team to prepare for the global and Mexican markets. The Haul store, which was launched on mobile last November, offers various discounts, with most product prices under $10 and some discounts as high as 90%. Amazon has a strong user base and logistics system in Europe but faces competition from Temu, whose monthly active users in Europe have surpassed Amazon by 38%, with average product prices 40% lower than Amazon's.

Source: WebNews

7. TikTok Shop to Open Two New Sites for Merchants

On March 6, TikTok Shop announced that its Brazil site will open for merchant registration in April, with an initial batch of local sellers invited. The Brazil and Mexico sites are managed by the same team, and the seller qualification requirements are similar to those in the Mexican market. Due to tariff issues, the fully managed model is not yet planned for launch. Meanwhile, the TikTok Shop Japan site is expected to open for registration in June this year, with the first batch of local business stores and personal stores available. The platform is currently collecting information on interested merchants.

Source: E-commerce News Agency

8. Yandex Market Q4 E-commerce Revenue Grows 46%

On March 6, Yandex announced its financial results for the fourth quarter of 2024. As of December 31, 2024, the gross merchandise volume (GMV) of Yandex Market's e-commerce platform increased by 47% year-on-year to RUB 302 billion.E-commerce revenue was RUB 189 billion, a year-on-year growth of 46%.

Source: EANews

9. Hainan Airlines Cargo Launches “Next Day Delivery” Product Line

On March 6, Hainan Airlines Cargo, in cooperation with a ground truck agent, launched the Shenzhen–Vienna–Warsaw intermodal product line, offering “next-day delivery” services. Cargo departing from Shenzhen Airport will be transported to Warsaw Airport in Poland via Hainan Airlines’ Vienna hub, with goods available for pickup the next day.

Source: Hainan Airlines

10. 35 New International Air Cargo Routes Launched in the First Two Months of 2025

On March 6, according to the China Federation of Logistics & Purchasing’s Air Logistics Division, 35 new international air cargo routes were launched nationwide in the first two months of 2025, with more than 73 additional round-trip flights per week. Europe had the most new routes, with 19, followed by Asia with 14. The main cargo types included cross-border e-commerce goods, fresh produce, electronics, and auto parts.

Source: China Federation of Logistics & Purchasing Air Logistics Division

11. China Southern Airlines Cargo Handled Over 6,500 Tons During Spring Festival in Xinjiang

On March 6, China Southern Airlines Cargo’s Xinjiang branch reported that during the Spring Festival, it handled over 6,500 tons of cargo and mail in Xinjiang. The outbound cargo volume exceeded 2,900 tons, with the main goods being Xinjiang's dried fruits, beef, lamb, and dairy products, destined for cities like Beijing, Shanghai, Guangzhou, and Shenzhen. Internationally, China Southern Airlines operates three to four cargo flights per month on the Urumqi–Tashkent route, mainly serving cross-border e-commerce and the export of clothing, as well as the import of local specialties like Uzbek wine and bay leaves.

Source: Tianshan Net

12. STO Express Completes Asset Transfer of Sorting Center

On March 6, STO Express announced that the company recently completed the asset transfer of its sorting center business. In this transaction, the company's wholly-owned subsidiary, STO Ltd., acquired the operational asset group owned by Yiwu STO Express Ltd. for RMB 110 million. The transaction proposal was approved by the Board of Directors on January 22, 2025.

The announcement noted that the asset transfer was completed on March 1, 2025, with both parties signing the “Asset Handover List.” From the date of transfer, the rights and obligations related to the asset group belong to the transferee. This asset group will be included in the company's consolidated financial statements, further enhancing the company’s business operations.

Source: Financial Central News

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Official Account: Cross-border E-commerce Logistics Baixiaosheng