1. Cainiao expands partnership with Saudi Arabian Cargo
On May 12, at the transport logistics and air cargo Europe event in Munich, Saudi Arabian Air Cargo signed a new 12-month agreement with Cainiao Network, the logistics arm of Alibaba Group. The agreement actually entered into force on April 1 and will last until March 31, 2024.
The agreement will reserve space for selected Saudi Air cargo flights from Hong Kong to Riyadh and Liège. Last year's partnership with Cainiao successfully enabled Saudi Cargo to achieve significant growth in e-commerce volumes, and this expanded partnership provides Cainiao Cargo with more access to the Middle East market, while Saudi Arabian Air Cargo continues to benefit from the global e-commerce demand market.
Source: AirCargo News
2. Wanyitong officially entered the Amazon SPN service provider network
On May 12, Wanyitong officially entered Amazon SPN and launched the web version of the "Amazon SPN Service Provider Network" and WeChat mini programs, empowering Amazon sellers to go global. It is understood that Amazon SPN is the abbreviation of Amazon Solution Provider Network (Amazon Service Provider Network), and SPN brings together third-party service provider companies to help sellers solve various problems encountered in the process of Amazon operation and management.
SPN entry is subject to the following review criteria: experience in providing data services; Talent pool engaged in system development; Amazon seller testimonials, real feedback from system users; Overall strength of the team, including development capabilities and business experience; whether there are other subcontractors for the functionality of the system; Pricing schemes; Performance and security of hardware and software such as servers and databases; the quality and accuracy of the data services; rationality of the workflow; The types of languages supported by the system.
Source: WINIT Wanyitong
3. USPS revenue and mail volume declined in the second quarter of fiscal 2023
News on May 12, the United States Postal Service (USPS) released the second quarter of fiscal 2023 financial report, USPS' total operating income for the quarter was $19.3 billion, a decrease of $484 million compared with the same period last year, a decrease of 2.4%; Compared to the same period last year, the number of first-class mail messages decreased by 1.11 billion, a decrease of 8.1%, and the number of marketing emails decreased by 1.7 billion, a decrease of 11.0%.
In accordance with generally accepted accounting principles (GAAP), net loss for the quarter was $2.5 billion, an increase of $1.8 billion, compared to a net loss of $639 million in the year-ago quarter. Adjusted loss was $498 million, compared to adjusted income of $427 million in the year-ago quarter.
Source: USPS
4. Hapag-Lloyd's net profit decreased by 56% in Q1 2023
On May 12, Hapag-Lloyd released its unaudited financial results for the first quarter of 2023. In the first quarter of 2023, Hapag-Lloyd's container volume reached 2.842 million TEU, a year-on-year decrease of 145,000 TEU, a decrease of 4.9%; The average freight per box was US$1,999, a year-on-year decrease of US$775, a decrease of 27.9%; Operating income was EUR 5,619 million (USD 6,028 million), down 32.7% year-on-year; EBITDA was €2,217 million (US$2,379 million), down 55.2% year-on-year. EBIT was €1,747 million (US$1,874 million), down 60.9% year-on-year. Net income was €1,893 million (US$2,031 million), down 56.6% year-on-year. In the first quarter of 2023, EBITDA margin reached 39% and EBIT margin reached 31%.
Source: Shipping Community
5. The German government agreed to COSCO SHIPPING Holdings' acquisition of a minority stake in Hamburg Terminal
On May 12, Hamburger Hafen und Logistik said that the German government had approved the acquisition of a 24.9% minority stake in Container Terminal Tollerort (CTT) at the Port of Hamburg Container Terminal by COSCO SHIPPING Holdings.
Source: Titanium Media APP
6. Mediterranean Shipping Company appointed air freight forwarder
On May 12, MSC Air Cargo, an air cargo company owned by Mediterranean Shipping Company (MSC), announced that it has selected ECS Group as its general agent (GSSA) in Europe and North America.
MSC launched a cargo carrier late last year with a Boeing 777-200 freighter and outsourced flights to Atlas Air. The freighter operates twice a week to Mexico City, Indianapolis, Liège (Belgium), Seoul (South Korea), Xiamen (China), Anchorage (Alaska) and Mexico City.
MSC said it plans to put the second of the four 777 freighters leased by Atlas Air into service in the coming weeks following deliveries from the Boeing plant. As an agent of the airline, France-based ECS will become the airline's marketing agency in the designated region.
Source: American Shipper
7. Hefei opened the first international cargo route with the fifth air right
News on May 12, Coney Airlines Hefei-Incheon-Los Angeles (Chicago)-Hefei full freighter cargo route was adjusted to the fifth air traffic right route. After this adjustment, Incheon was adjusted from the previous technical stopover point to the middle point of the fifth air traffic right, and obtained the right to load and unload cargo in Incheon.
At present, Coney Air operates the Hefei-Incheon-Los Angeles (Chicago)-Hefei route three times a week at Hefei Airport. The route has opened up a new air logistics channel for foreign trade export enterprises in Hefei and neighboring cities inside and outside the province, and further smoothed the freight channel between Hefei and the Asia-Pacific and North American markets.
Source: China Internet of Things Aviation Logistics Branch
8. Amazon offers customers a $10 pickup reward
On May 12, Amazon issued a notice to an unknown number of Prime subscribers via email that if a customer picks up an order worth $25 or more at a company pickup point at a location such as Whole Foods, Amazon Fresh or Kohl stores, Amazon will provide them with a $10 pick-up fee.
Dean Maciuba, a shipping consultant in upstate New York who received the email, said that increasing the use of Amazon pickup points will help the company bypass expensive residential package delivery and "represent a huge opportunity for Amazon to reduce delivery costs," which will also help train consumers to submit returns directly to the company.
Source: Seller House
9.eBay adjusts some UPS service rates
News on May 12, eBay issued an announcement to remind sellers that the new UPS rate has taken effect, please check in time to understand whether the rate change will affect shipments.
For some packages that are lighter in weight and have shorter shipping distances, the UPS rate on eBay labels will be reduced by 18%. For packages that weigh heavier and are farther away, UPS rates are increased by up to 4%. The eBay Shipping Calculator has automatically updated the new rates.
Source: eBay123
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Official number: cross-border e-commerce logistics Baixiaosheng