1. Maersk plans to acquire a cross-border logistics company for US$1.7 billion
February 10 , Maersk announced its intention to acquire Pilot Freight Services (Pilot), a U.S.-based provider of full-haul and cross-border logistics solutions, which specializes in the transportation of large/oversized cargo in the North American B2C and B2B business areas, for a total of $1.68 billion.
Upon completion of the acquisition, Pilot and Maersk will have a total of 150 facilities in the U.S., including distribution centers, hubs and depots. This land-side logistics network, combined with Maersk's international presence, will create a huge new end-to-end supply chain efficiency.
2. A new round of sea freight adjustment for routes from Asia to the United States
On February 10, the sea freight rates on the Asia-U.S. routes have been adjusted, including CMA CGM, COSCO, Evergreen, Hyundai, Andesil and other companies. It is reported that the sea freight adjustment will take effect from February 15 and March 1.
3. Amazon UK doubles the number of parcel lockers
February 10 news, due to the online shopping boom, package demand has risen, Amazon has doubled the number of package lockers in the United Kingdom. According to industry regulator Ofcom, parcel deliveries in the UK grew by 50% to 4.2 billion pieces as of March 2021.
Amazon is the UK's second-largest courier company after Royal Mail, and its UK locker network has grown from 2,500 to 5,000 in the past two years.
4. FedEx opened a new British and American cargo flight
February 10 news, recently FedEx announced the opening of a transatlantic cargo flight from the United Kingdom to the United States, the flight operates four times a week, from Paris Charles de Gaulle Airport in France, connecting the United Kingdom East Midlands Airport to the hub of Indianapolis in the United States.
It is reported that this is the third transatlantic route operated by FedEx in the United Kingdom and the fourth transatlantic route in Paris, aiming to increase the next-day delivery capacity of the US market.
5. Wish's parent company launched the "invitation system registration" merchant review process
On February 10, Wish's parent company, ContentLogic Inc., recently announced the launch of a new "invitation system" merchant review process. The mechanism will take effect immediately, which will mean that new merchants who want to move into Wish will need to go through multiple rounds of review.
It is reported that the initiative aims to improve the user trust of the Wish platform by focusing on and supporting high-quality merchants. The "invitation-based registration" replaces the previous open model of free account registration through the Wish merchant platform, and this new policy does not affect existing merchants on the platform.
DP World handles more than 77 million TEU in 2021
February 10 news that DP World's freight volume has increased by 9.4%, and by 2021, its global container terminal portfolio will handle 77.9 million TEU.
In the final quarter of 2021, terminal operators handled 19.6 million TEU, up 2.6% year-over-year. Over a 12-month period, India, Asia Pacific, the Middle East and Africa, Europe, Australia and the Americas were key drivers of this growth.
7. Total sales of toys in the United States will reach $28.6 billion in 2021
According to NPD Group, total U.S. toy sales in 2021 will be $28.6 billion, up 13 percent from $25.4 billion in 2020. Sales increased by 8% year-on-year in 2020, and the average selling price increased by 4% to $12.37.
According to the NPD Group, sales increased in 10 of the 11 toy categories in 2021, with outdoor and sports toys having the highest sales at $5.9 billion. Sales of exploration toys increased 35% year-over-year to $5.57 billion, followed by games/puzzles (up 23%). The only category that saw sales decline was youth electronics, which fell 0.4 percent and sales fell $2 million.
8 Wildberries announced an allocation of 5 billion rubles to encourage sellers to deliver quickly
February 10 news, recently, the Russian e-commerce giant Wildberries announced that it will allocate 5 billion rubles to subsidize sellers with fast delivery. It is understood that for sellers who ship faster than standard time, the Wildberries platform will reduce their trading commissions. The sooner a seller sends the goods to the Wildberries logistics center, the more the commission decreases.
The subsidy scheme will cover all sales categories, including food, children's products, electronics and household appliances, health care products, clothing and footwear. Wildberries said the policy plan will cut the platform delivery time in half.
9. Argentina anti-dumping of a number of Chinese products
According to the news of February 10, according to the Argentine Government Gazette of February 4, 2022, the Ministry of Production Resolution 40/2022 is as follows: The Argentine Government has completed an anti-dumping investigation into storage electric water heaters imported from China with a capacity greater than or equal to 20 litres but less than or equal to 150 litres (MERCOSUR tariff code 10.00); Argentine Customs will confiscate the deposit paid at the time of import of the product in accordance with Article 3 of The Ministry of Production Resolution 271/2021 of June 8, 2021.
On February 4, 2022, the Argentine Government Gazette published the Resolution of the Ministry of Production No. 42/2022 as follows: From the date of the announcement, the anti-dumping investigation will continue on the electric fan metal protective mesh cover of electric fans imported from China, with a diameter of more than 400 mm, for the purpose of built-in motors (MERCOSUR tariff number 8414.90.20), and a temporary anti-dumping tax (ad valorem tax) for a period of 6 months will be levied at a rate of 73%. When importing the products involved in the case, the importer must pay a deposit equal to the provisional ad valorem tax.
10. Xpressbees received $300 million in financing, and CDH Investment withdrew
On Feb. 10, logistics service provider Xpressbees received a $300 million investment in a Series F round, valuing it at more than $1 billion, making the Pune-based startup a member of the coveted "unicorn" club.
The round was led by private equity funds Blackstone Growth, TPG Growth and Chrycapital. Existing investors Investcorp and Norwest Venture Partners also participated in the round.
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Public number: Cross-border e-commerce logistics Bai Xiaosheng