Deadline May 15th!Amazon US sellers please set up automatic removal of available inventory to avoid inventory being automatically cleaned up
On May 4th, Amazon notified sellers that starting from April 15th, sellers' over-aged inventory and idle inventory in Amazon's fulfillment center do not need to be manually set, and will be automatically set to "automatic removal", and increased value recovery. option, which is currently live on Amazon's US site . In order to leave more time for sellers, Amazon is now delaying the first execution date to May 15. For sellers in the United States who have not opted out of automatic removal, Amazon will automatically remove out-of-age inventory and idle inventory on a monthly basis. Sellers can also opt out of automatic removal if they do not want inventory to be automatically removed. Please update by May 14th.
Source: Amazon Global Selling
Amazon US will increase Multi-Channel Fulfillment fees
According to news on May 5, it is reported that starting from May 9, 2022, Amazon will adjust the multi-channel delivery fee for the US station to ensure that the multi-channel delivery fee is competitive with other third-party logistics providers.
A surcharge will apply for orders in Hawaii, Puerto Rico, U.S. Virgin Islands, and Alaska starting August 1. To help sellers grow their businesses, Amazon has made significant improvements to its fulfillment and delivery network since the outbreak of the new crown pneumonia, and Amazon's on-time delivery rate is now as high as 97%, Amazon said.
eBay's first-quarter revenue was $2.483 billion! Turned a profit into a loss year-on-year! Q2 is not optimistic!
According to foreign media reports, eBay recently announced its financial results for the first quarter ended March 31, 2022. According to the report, eBay’s revenue in the first quarter was $2.483 billion, down 6% from $2.638 billion in the same period last year. Excluding the impact of exchange rate changes, it was down 5% year-on-year, which was lower than Wall Street’s expectations.
eBay launches 2022 Up & Running grant program
eBay has announced the launch of its third annual Up & Running grant program, which is designed to encourage and support small businesses in the U.S. by providing them with the resources they need to scale, grow and thrive online.
According to reports, the grant program will provide $10,000 each to 50 small business sellers in the United States to meet business needs such as physical and digital store improvements, new equipment and inventory, technology, recruiting and training. In addition, winners receive access to eBay Academy, as well as direct training and mentoring from expert sellers and eBay growth consultants.
Source: E-commerce News
Liner CEO says China blockade has not caused shipping chaos
Maersk and Matson have yet to see the severe impact of China's lockdown six weeks after Shanghai's lockdown, two liner chief executives — Maersk's Soren Skou and Matson's Matt Cox — explained why.
"The Shanghai port is open and operational" is slowing things down a bit and we're seeing a hit to our volumes outside of China, but probably less than we expected.
" The impact on Matson's China business is minimal ," Cox reported on the company's earnings call on Tuesday. "Our terminals are receiving cargo and managing empty cargo, and our ships are leaving Ningbo and Shanghai on time." After the Shanghai blockade, shipments were mainly carried by other The carrier's other loading ports are filled.
Source: American shipper
Maersk's first-quarter volume fell 7%, revenue reached $19.3 billion
On May 4th, Maersk released its financial report for the first quarter of 2022. During the reporting period, the company's revenue rose 55% to $19.3 billion, earnings before interest, tax, depreciation and amortization (EBITDA) were $9.1 billion, and free cash flow increased to $6 billion, the data showed. In the first quarter of this year, Maersk's marine revenue increased by 64% to $15.6 billion, but volumes fell by 7% ; Maersk's logistics revenue increased by 41% compared with the same period last year, to $2.9 billion.
In the terminal business, revenue increased to $1.1 billion in the first quarter from $915 million in the same period last year, with a record return on invested capital (ROIC) of 12.5%.
Shopify Announces $2.1 Billion Acquisition of Deliverr
On May 5, according to the latest news on Shopify’s official website, the company has reached an agreement with the logistics service provider Deliverr to acquire the latter for $2.1 billion. This is Shopify's largest ever deal and will create an end-to-end logistics service for millions of merchants on the platform.
Deliverr helps merchants on Amazon, eBay, and other e-commerce platforms get products to consumers in two days or less. Deliverr predicts what buyers are likely to be interested in and uses that to locate items across a network of warehouses for fast delivery. Shopify's logistics and fulfillment capabilities will be significantly enhanced after the acquisition.
Source: Ebang Power
COSCO SHIPPING Ports achieves profitability in the first quarter of 2022
On May 5, COSCO Shipping Ports (CSP) achieved significant year-on-year growth in revenue and profit in the first quarter of this year, to $329.7 million and $80.9 million, respectively. Driven by effective marketing strategies and contributions from Tianjin Container Terminals subsidiary since December 2021, the company's revenue increased by 24.2% and gross profit increased by 30.5%.
"Benefiting from a lean operating strategy, the company's revenue growth outpaced cost of sales growth, driving gross margin up 1.1 percentage points year-over-year to 24.5%," CSP commented. Meanwhile, the Chinese port operator announced a total container throughput of 30,291,588 TEUs in the first three months of the year, a slight increase of 0.3% compared to the first quarter of 2021.
Source: container news
risk!Burning lithium batteries found in an export container at Shanghai's outer port
According to the news on May 6, according to Shanghai Customs, the Outer Port Customs Inspection Section II is conducting inspections on a batch of export containers. There are 2 declarations of goods in the containers, which are toys, hot water bottles, socks and other 25 product names, totaling 9,625 kilograms. .
The inspector also found that there were 5 undeclared cartons in the container, and one of the cartons had a fever, and there was a slight blackening and scorching trace on the outer wall. The carton was then taken out of the container and left for 2 minutes. After cooling, the five cartons were opened and disassembled. The seized lithium batteries were classified as dangerous goods of Class 9, UN number UN3480, totaling 105 kg.
Source: Shipping Network
Matson container volume growth in Q1 2022
May 6 news, recently, Matson Steamship officially announced its first-quarter results: the first quarter of 2022 earnings per share was $8.23; net income and earnings before interest, tax, depreciation and amortization (EBITDA) were $339.2 million and $4.764 million, respectively. $1,165.5 million, compared to $711.8 million in the first quarter of 2021. In China, container volumes in the first quarter of 2022 increased by 13.4% year-on-year , as eastbound sailings increased by five sailings compared to last year.
The year-over-year increase in consolidated operating income was primarily driven by continued growth in services in China. Currently on the Trans-Pacific trade line, China’s supply chain is facing challenges, and the U.S. West Coast faces ongoing supply chain restrictions and congestion.
Source: Mason official website
USPS Launches USPS Connect eCommerce Service
May 6 news, recently, USPS announced the launch of USPS Connect eCommerce service for online sellers.
For online platforms, the USPS Connect e-commerce service supports rates accessible through the Postal Service API, listing system and PC Postage software, offering targeted shipping and shipping discounts. It is reported that the new e-commerce service is an expansion of the USPS Connect program, which was first launched in Texas in 2021 and will be rolled out nationwide this year. Under this program, USPS also offers USPS Connect Local, USPS Connect Regional, USPS Connect National and USPS Connect Returns.
UPS / TNT fuel surcharge hit a new high, and some sellers were trapped!
News on May 6, it is reported that the fuel surcharge has hit a new high in a row
01 TNT increased by 6.5%, fuel surcharge 35.5%, increased to 42%
02 FED increased by 6.5%, fuel surcharge 35.5%, increased to 42%
03 UPS increased by 6.5%, fuel surcharge increased by 41%, increased to 47.5%
Source: Ebang Power