1. The Office of the U.S. Trade Representative announced the re-exemption of 352 tariffs on Chinese imports
News on March 25th, on the 23rd local time, the Office of the United States Trade Representative issued a statement announcing the re-exemption of tariffs on 352 items imported from China, which will apply from October 12, 2021 to December 31, 2022. Goods imported from China between Japan.
In October last year, the USTR announced that it planned to re-exempt tariffs on 549 Chinese imports and was seeking public comment. After nearly half a year, the Office of the US Trade Representative issued a statement on the 23rd, confirming the confirmation of 352 of the 549 items of Chinese imports that had previously been re-exempted from tariffs. The office said that the U.S. decision that day was the result of a comprehensive public consultation and consultation with relevant U.S. agencies.
2. ONE will invest US$20 billion to build new ships and buy terminals
On March 25, Ocean Network Express (ONE) has set out a $20 billion investment plan over the next ten years, most of which will be for new ships to help achieve decarbonization goals.
ONE CEO Jeremy Nixon revealed a $20 billion investment plan for 2022-2030 in an online briefing on Wednesday. More than 50% of the investment will be in new ships, and the rest in technology and other areas such as containers.
3. Amazon will invest more than $100 million to build its first logistics center in Turkey
According to news on March 25, recently, Amazon will establish its first large-scale logistics base in Istanbul, Turkey to meet the growing demand. Amazon said the fulfillment center will provide employment for more than 1,000 workers and support the domestic and export operations of small and medium-sized businesses selling products at the site.
It is understood that Amazon started its business in Turkey in 2018 and has created about 500 jobs so far.
4. Jiahong Logistics completed the acquisition of 100% equity of Allport Cruise
News on March 25, recently, Jiahong Logistics International Holdings Co., Ltd. issued an announcement on the completion of a discloseable and connected transaction involving the acquisition of all the issued shares of ALLPORT CRUISE by issuing consideration shares to connected persons under a special mandate.
The Board announces that all conditions under the Share Purchase Agreement have been fulfilled and the Acquisition has been completed on March 23, 2022 in accordance with the terms and conditions of the Share Purchase Agreement. Upon Completion, Allport Cruise becomes an indirect wholly-owned subsidiary of the Company and its financial results will be consolidated into the Group's financial statements.
5. Wix Announces Integration with Amazon's Multi-Channel Fulfillment Service
SaaS platform Wix announced a new integration with Amazon’s multi-channel fulfillment service to help Wix merchants manage online orders using Amazon MCF.
Now, Wix merchants in the U.S., whether selling on Amazon or not, can download the Amazon MCF app to their Wix store and gain access to Amazon's fulfillment network, operational expertise, lower shipping costs, and next-day delivery. With this integration, Wix merchants can also see shipping speed options and real-time delivery dates from Amazon. Wix merchants only pay for shipping and storage, no app install fees.
6. Yunda International launched the China-Australia line consolidation business
It was reported on March 25 that Yunda International has recently launched the China-Australia line consolidation business , aiming to provide Chinese and international students in Australia with export transfer services for Chinese online shopping goods, allowing overseas consumers to achieve cross-platform, cross-merchant, and multi-type centralized transfer of products. , Integrate products that have been subcontracted for export together for export.
Yunda International has been in Australia since 2015, and established Sydney Yunda in Sydney, Australia, to provide logistics solutions for Sino-Australian trade, Sino-Australian cross-border e-commerce and other customers.
7. Amazon 2022 Prime Membership Day promotion report information will be available on the seller platform
On March 25th, Amazon announced its global store opening . The latest information about the 2022 Prime Member Day promotions will be available on the seller platform. Sellers can also check the recent official emails from Amazon or consult your account manager. First, Time to get important information and reporting guidelines for Amazon Prime Day.
8. Canadian Pacific has ended its shutdown
On March 25, the Canadian Railway Fleet (TCRC) Negotiating Committee and Canadian Pacific Corporation (CP) have agreed to a binding arbitration and resume work on March 22. Both parties agree to accept the final decision of the arbitrator.
"The decision to agree to final and binding arbitration is not taken lightly," TCRC spokesman Dave Fulton said at the negotiating table. "While arbitration is not the preferred method, we are able to negotiate terms and conditions that are in the best interests of our members." Wages and pensions remain stumbling blocks , according to a truckers union statement .
9. PIL expands East Coast coverage of India with new China Vietnam India Service (CVI)
On March 25, Pacific International Lines (PIL) launched a new weekly direct service connecting China, Vietnam, Singapore and major ports on the east coast of India.
The new service, called China Vietnam India Service (CVI), will start from Ningbo, China on April 22, 2022. It will be serviced by a consortium of ships with an average capacity of 2,200 TEU deployed jointly by PIL, Regional Container Lines (RCL) and Interasia Lines (IAL).
10. Prologis is said to have launched a 21 billion euro takeover offer for Blackstone’s logistics assets
On March 25, Prologis (PLD.US) has begun a bid of 21 billion euros to acquire the European logistics asset portfolio of Blackstone Group (BX.US). In a non-binding takeover offer of just over 21 billion euros, Prologis plans to acquire Mileway, owner of Blackstone's portfolio of about 2,000 European logistics assets that it has amassed over the past six years, media reports said . The report said Prologis had about six weeks to hammer out a final offer for the portfolio.
Previously, Blackstone Group announced last month that Mileway's existing investors agreed to recapitalize the company for 21 billion euros on the basis of Blackstone's "Core+" strategy and will operate the company's business for a long time. Blackstone said at the time that the recapitalization still required an inquiry process, which would start immediately and take up to 75 days.
END
Official account: Bai Xiaosheng, cross-border e-commerce logistics
