1. DHL's 2024 Revenue Reaches 84.2 Billion Euros

On March 10, it was reported that DHL Group's fourth-quarter revenue in 2024 increased by 6.4% year-over-year, reaching 22.7 billion euros. Earnings before interest and taxes (EBIT) grew by 12.9% to 1.9 billion euros. Full-year 2024 revenue increased by 3.0%, totaling 84.2 billion euros, with EBIT reaching 5.9 billion euros.

DHL's fourth-quarter air cargo volume increased by 8.1% year-over-year, reaching 468,000 tons. The Global Forwarding, Freight (GFF) division's air freight revenue grew by 16.4% in Q4 to 1.6 billion euros, with gross profit up by 21.3%. Total Q4 revenue for GFF grew 12% year-over-year to 5 billion euros. For the entire year 2024, air cargo volume reached 1.8 million tons, a 6.8% increase year-over-year.

Source: aircargo

2. FedEx Accelerates Network 2.0 Plan

On March 10, it was reported that FedEx is accelerating its Network 2.0 plan, with six more freight centers recently confirmed to close and two facilities laying off staff, affecting locations in Tennessee, Illinois, Virginia, and West Virginia. Since 2023, FedEx has confirmed that at least 22 freight centers have been affected as part of its cost-reduction and efficiency-boosting measures. The Network 2.0 plan aims to merge FedEx's Express and Ground network operations. The company stated that in areas where the plan has been fully implemented, pickup and delivery costs have decreased by 10%. By the end of fiscal year 2025, FedEx expects to consolidate 250 sites, with 130 sites in Canada already optimized.

Source: Ennews

3. Temu Launches Dedicated Logistics Solution for Canada

On March 10, it was reported that Temu has launched a dedicated logistics solution for Canadian merchants, partnering with CANADA POST, FedEx, and UniUni to provide comprehensive coverage across Canada and offer merchants diverse delivery options. Through localized operations strategies and intelligent route optimization, shipping fees start as low as 4 Canadian dollars, significantly reducing merchants' logistics costs. Additionally, with a multi-hub warehousing network and real-time tracking system, parcels can be delivered within 48 hours, with a 99% successful delivery rate.

Source: Chuhai.com

4. China Southern Airlines Innovates with the Nation’s First “Dual Pre-clearance” Cargo Terminal

On March 10, it was reported that China Southern Airlines Logistics held a launch ceremony at Guangzhou Baiyun Airport for its bonded area (southern district) “Dual Pre-clearance” cargo terminal. The ceremony was attended by officials from the Guangzhou municipal government, Civil Aviation Administration, Guangzhou Customs, and other relevant agencies. This marks the launch of the nation’s first cargo terminal with dual pre-clearance qualifications for both civil aviation security and customs inspection, creating a "fast track" for cross-border logistics in the Greater Bay Area.

Source: China Southern Airlines Logistics

5. TikTok Shop Updates Tax Compliance Requirements for U.S. Site

On March 10, it was reported that TikTok Shop’s U.S. site has updated its tax compliance requirements for 2024. The threshold for issuing the 1099-K form has been lowered from $20,000 to $5,000. This means that sellers who receive over $5,000 in total payments on the platform will receive a 1099-K tax form. Sellers who fail to comply risk having 24% of their sales proceeds withheld or facing permanent shop closures.

Source: TikTok Shop

6. Shopify Launches New App "Simple"

On March 10, it was reported that Shopify’s Japan site recently launched a new application called "Simple." Simple is an app designed for Shopify merchants that automatically tags customers who have purchased specific products. With Simple, merchants can automatically tag customers after they purchase designated products without manual intervention. The setup process for Simple is straightforward, taking only two steps. Merchants can easily view, edit, and delete configured auto-tagging settings within the app, enabling refined customer management.

Source: Shopify

7. Zalando’s 2024 GMV Reaches 15.3 Billion Euros

On March 10, European fashion e-commerce giant Zalando reported its 2024 financial results. The report shows that Zalando’s 2024 revenue grew by 4.2% to 10.6 billion euros, while its gross merchandise value (GMV) reached 15.3 billion euros, a 4.5% increase year-over-year. Adjusted EBIT was 510 million euros, with a profit margin of 4.8%. Net profit reached 250 million euros, a 200% increase year-over-year.

Source: Zalando

8. Wildberries Optimizes Delivery Point Offers for Partners

On March 10, it was reported that Wildberries has recently updated its partner delivery point (PVZ) offer system to improve service conditions and meet the core needs of PVZ owners. This update reduces the number and scale of deductions, cancels over 10 types of deductions (such as terminating contracts with retail stores for multiple returns and changing them to liability measures), and reduces deduction amounts for not receiving deliveries during working hours. The platform also systematized and detailed the liability measures, improving transparency.

Source: Wildberries

9. Shenzhen-Ho Chi Minh International Freight Route Officially Launched

On March 10, it was announced that the Shenzhen-Ho Chi Minh international freight route was officially launched by Tianjin Cargo Airlines, with a B737 freighter departing from Shenzhen Bao'an International Airport and successfully arriving in Ho Chi Minh City, Vietnam. The route is scheduled to operate four flights per week, primarily exporting air express, e-commerce goods, hardware, and electronic components, while importing fresh agricultural products such as lobsters, crabs, and durians.

Source: CIFA (China International Freight Forwarders Association)

10. Maersk and CMA CGM Jointly Launch New Shipping Route

On March 10, it was reported that shipping giants Maersk and CMA CGM have reached a new cooperation agreement. The two companies have announced the launch of a new shipping route connecting Asia and the east coast of South America. Maersk refers to the route as the ASAS2 route, while CMA CGM names it SEAS 3. The weekly service will commence on April 9, 2025, with the first voyage departing from Shanghai, China, on the CMA CGM NANSHA vessel. The port rotation includes: Shanghai (China) - Shekou (China) - Vung Tau (Vietnam) - Singapore - Santos (Brazil) - Singapore - Shanghai (China).

Source: Maersk, CMA CGM

11. Romanian E-commerce and Courier Companies Visit ZTO Headquarters

On March 10, it was reported that Alexandru Nicolescu, Vice President of Operations at eMAG, and Lucian Baltaru, CEO of SAMEDAY Courier, visited ZTO’s headquarters in China. They were accompanied by ZTO International Vice President Li Peng. During the meeting, Li Peng expressed hopes for further collaboration and exploration of joint solutions to provide consumers worldwide with better and more convenient logistics services.

Source: ZTO News

12. Minister of Commerce: Full Implementation of the Negative List for Cross-border Service Trade

On March 10, it was reported that China’s Minister of Commerce, Wang Wentao, stated at a press conference for the third session of the 14th National People’s Congress that one of the key areas for expanding foreign trade is the innovation and improvement of service trade. The Ministry plans to open new platforms, fully implement the negative list for cross-border service trade, and launch demonstration zones for service trade innovation and development, aiming to build international trade reform demonstration areas.

Source: Xinhua News Agency

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