News

As global shipping companies continue to cancel sailings and increase fees due to factors such as fuel cost increases, international purchasing and shipping service provider China Consign offers a solution for customers looking to avoid the added costs. By allowing customers to purchase goods directly from China and providing consolidation and storage services, China Consign …

China Consign Continues to Offer Cost-Effective Shipping Options as Freight Costs Rise Read More »

Today we will summarize the hot logistics news of the week, to facilitate the observation of industry trends and make adjustments to current industry strategies. Let’s take a look together. 01✦ Airline freight rates soar, bleak prospects for the US route in the second half of the year The Persian Gulf and South American routes saw strong …

Focus on Major Logistics Events! Tightening Trade Results in Tariff and Freight Rate Increases in Many Places? Read More »

On December 20th, FedEx announced its comprehensive performance for the second quarter of the 2023 fiscal year ending on November 30th. According to the performance report, the company’s total revenue for the second quarter of the 2023 fiscal year was $22.8 billion, a year-on-year decrease of 3%, and its net profit was $815 million, a …

President and CEO of FedEx, said, “The FedEx team urgently needs to make rapid progress in our ongoing transformation while dealing with the weak demand environment.” Read More »

The world’s largest sea freight forwarder, Kuehne+Nagel, announced on Wednesday that it has received the first Boeing 747-8F freighter, which will be put into operation to expand its air cargo network.The Boeing 747-8F freighter, named “Inspire”, is the first of two long-term leased aircraft from Atlas Air, with the second expected to be delivered in …

The world’s largest sea freight forwarder, Kuehne+Nagel, announced on Wednesday that it has received the first Boeing 747-8F freighter Read More »

Global logistics giant FedEx recently announced lower-than-expected results for its first quarter of the 2023 fiscal year (June 1 to August 31). On September 22, the company announced plans to increase 2023 freight rates in response to slowing global express delivery business. The General Rate Increase (GRI) will be raised by 6.9%, the largest year-on-year …

FedEx announces largest-ever price hike! It will further cut business costs. Read More »

The head of DHL’s freight unit believes port congestion should ease next year as new container ships are delivered and shippers’ demand returns from pandemic highs, but it won’t be enough to return global supply chains to pre-COVID levels. DHL’s global freight CEO, Tim Scharwath, said in an interview that “there will be some easing …

DHL warns global supply chains won’t recover to pre-pandemic levels next year. Read More »

On April 23, news spread online that “Express giants in Europe and America announced the suspension of postal parcel services to China”. For a while, the suspension of cross-border commodity transactions became a concern for all sectors of society. On April 24, several international express giants such as FedEx and UPS issued official statements stating that …

Official response! Rumors of suspension of Chinese services by express giants in Europe and America? Here’s the answer. Read More »