1. The ranking of the world's top 50 freight companies in 2022 is released

On November 21, The Transport Topics magazine, an authoritative publication in the global logistics industry, announced the list of the top 50 global freight forwarding companies in 2022. Eight Chinese companies entered the top 50, including State Railway Group Co., Ltd., S.F. Evergreen Marine Corp., Yang Ming Marine Transport, Wan Hai Lines.

Source: The Transport Topics

2. Jitu International has officially become a SHOPLINE logistics super service provider

On November 21, SHOPLINE Logistics awarded the title of Super Service Provider to its strategic partner Jitu International, and reached a cooperation intention for the next step. Following the markets in Southeast Asia and the United States, in order to help Latin American independent sellers overcome logistics difficulties, the two parties will further in-depth cooperation to provide more efficient and fast one-stop overseas logistics solutions for independent sellers in Brazil, Mexico and other Latin American countries. Help sellers to go overseas without worry.

It is reported that after Jitu International becomes the SHOPLINE logistics super service provider, the two parties will explore more horizontal cooperation possibilities in the future to achieve the goal of 1+1>2. Leverage each other's advantages in the global logistics network, self-build and integrate resources at home and abroad, realize controllable and visualized transportation links through technology and digital empowerment, provide standardized full-link cross-border logistics services for industries and customers, and create sustainable development. The cross-border e-commerce ecological chain helps the industry to grow rapidly.

Source: Jitu International Subscription Account

3. Amazon updates US sales commission and FBA shipping fee

According to news on November 21, Amazon announced that Amazon US station commissions and Fulfillment by Amazon (FBA) fees will be updated, and the update will take effect on January 17, 2023, unless otherwise stated. In addition to the sales commission remaining unchanged , the specific adjustments to other expenses are as follows:

In terms of logistics costs, fuel and inflation surcharges will be canceled; Amazon logistics delivery fees will increase by an average of US$0.22 per item; return processing fees for clothing and footwear items will be reduced by an average of US$0.20 per return; for clothing items, The greater of the item weight or dimensional weight will be used to determine the shipping weight for all large standard-size items. This change will take effect on February 16, 2023.

In terms of inventory charges, non-peak season storage charges (January to September) will increase by $0.04 per cubic foot for standard-sized items; and $0.03 per cubic foot for oversized items. Peak season storage fees (October-December) will remain the same for sortable items; non-sortable large items will increase by $0.20 per cubic foot.

Source: Amazon Global Store

4. Qatar Airways Cargo adds global flights

On November 21 , Qatar Airways Cargo launched new routes to multiple destinations in the Middle East, Europe and the Americas and increased flight frequencies to meet growing demand in winter.

The airline also recently launched a new freighter service to Riyadh, operating Boeing B777 freighters twice a week, with each flight carrying 100 tonnes of cargo each way.

At the same time, the airline will also increase its cargo capacity with other Middle Eastern cities as it increases Kuwait flights from two to four and Muscat from one to three, with each city Two additional A310F aircraft are added each week. The airline recently opened two new cargo terminals in Athens, Greece and Vienna, Austria.

Source: aircargo news

5. Goodaymart resumed IPO listing review

According to news on November 21, because the issuer has completed the update of financial information, the Shenzhen Stock Exchange resumed the review of the issuance and listing of Gooday Supply Chain Technology Co., Ltd. Gooday Supply Chain Technology Co., Ltd. submitted an updated IPO prospectus and plans to list on the Growth Enterprise Market of the Shenzhen Stock Exchange. According to the prospectus, Gooday Shun will issue no more than 65,618,300 shares (before the exercise of the over-allotment option), and plans to raise 2.77 billion yuan, which will be used to invest in intelligent logistics center projects, intelligent storage equipment projects, and logistics information 5 projects including system digitalization and intelligentization projects.

Gooday is a leading provider of supply chain management solutions and scene logistics services in China. According to the prospectus, Goodaysun Supply Chain had a revenue of 17.163 billion last year, a net profit of 578.8 million, and plans to raise 3.2 billion, covering 1,000 warehouses, 15,000 trunk lines, 5,000 service outlets, and 1,973 employees.

Source: Gooday

6. DHgate.com adjusts the rules for the USD representation of capital accounts

News on November 21, DHgate.com recently issued a notice on the adjustment of the US dollar withdrawal rules for capital accounts.

According to the announcement, in order to improve the stability and security of USD withdrawals, according to the compliance requirements of the platform, the withdrawal account rules have been optimized and adjusted. When adding a USD bank card or performing USD withdrawals, only binding or withdrawal to bank entities is supported. account. Please verify the type of USD bank account that is bound. If it is not a bank entity account, please change it in time to avoid affecting the USD withdrawal. This adjustment will be launched in the near future. If you have any questions, please consult the online customer service or contact the manual customer service through the official account of "Tuotuo Shuike".

Source: Dunhuang.com

7. AD Ports Group acquires Noatum for $680 million

On November 21st, AD Ports Group announced the acquisition of Noatum for approximately US$680 million. Noatum is a global integrated logistics platform with operations in 26 countries and the transaction is expected to close in the first half of 2023.

AD Ports Group said it intends to create an international logistics brand by merging its existing logistics business with Noatum, which will lead AD Ports Group's logistics cluster, integrating the company's existing logistics products into its operations.

Source: container news

8. The inflation rate in the UK reached 11.1% in October, a 41-year high

November 21 news, the British inflation rate hit a 41-year high in October, accelerating to 11.1% driven by rising energy and food prices ; the annual food price inflation rate rose sharply to 16.5%, the highest level in 45 years.

The ONS said inflation rose to 11.1% in October from 10.1% in September, bringing inflation to its highest level since October 1981. The cost of living across the UK has risen sharply despite the UK government's energy price guarantee. In the past year, UK gas prices have risen by nearly 130%, and electricity prices have risen by about 66%, with British households capping gas and electricity bills at £2,500 in October.

Source: Office for National Statistics

9. The import of disposable plastic products will be fully restricted

According to news on March 21, Canada intends to comprehensively restrict the production, import and sale of plastic products. The ban was previously planned to be implemented in 2021, but was postponed due to the impact of the new crown pneumonia epidemic.

The time plan for the ban is: to ban the sale of the above six types of plastic products by the end of next year, and to ban exports by the end of 2025. Due to medical needs, some products are exempted.

On June 22, 2022, Canada issued the /2022-138 "Single-use Plastic Ban Regulations", which prohibits the production, import and sale of 7 types of disposable plastic products in Canada. Except for some special exceptions, the manufacture and import of these disposable plastic products are prohibited. The policy on plastics will come into force in December 2022.

Source: Foreign Shipping

10. JD Logistics' revenue in the third quarter was 35.77 billion yuan

According to news on November 21, JD Logistics Co., Ltd. released its third quarter results for 2022.

Data show that in the third quarter of 2022, JD Logistics merged with Debon for the first time, and its revenue reached 35.77 billion yuan, a year-on- year increase of 38.9%. Among them, the revenue from external customers reached 24.87 billion yuan, a year-on-year increase of 67.8%, accounting for about 70% of external revenue. It is worth noting that through cost reduction and efficiency enhancement measures and refined operations, the profitability of JD Logistics has continued to improve. In the third quarter, when the business volume was relatively weak, the adjusted non-IFRS net profit was 450 million yuan.

The losses for the third quarter of 2022 and the third quarter of 2021 were RMB 148.7 million and RMB 1,051.3 million, respectively. Gross profit was RMB2,649.0 million and RMB1,269.8 million respectively; gross profit margin was 7.4% and 4.9%, respectively.

Source: JD Logistics

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Official account: Bai Xiaosheng, cross-border e-commerce logistics