US Lastmile Delivery Firms Adapt to Largeitem Market Challenges
The U.S. last mile delivery market for large items is expected to reach $11.66 billion in revenue, with the independent contractor model continuing to rise.
Amazon Halts Thirdparty Delivery Service Amid Strategy Review
Amazon's suspension of non-self-operated package delivery services has sparked industry attention on its logistics strategy. This move may be a temporary measure to address the challenges of the pandemic, or it may be accumulating strength for a larger-scale logistics expansion in the future. Experts believe that the short-term impact on UPS and FedEx is limited, but in the long run, Amazon's determination to enter the logistics field will not change, and future competition will be more intense. This decision highlights the evolving landscape of e-commerce fulfillment and Amazon's ambition to control more of its supply chain.
Key Factors in Selecting a Reliable Freight Forwarder
Choosing a reliable freight forwarder is crucial for a company's supply chain. This guide offers a comprehensive selection process across nine dimensions: reputation assessment, professional qualifications, responsiveness, cost transparency, service quality, contract terms, technical support, continuous learning and development, and multi-party comparisons. It aims to help businesses find suitable partners, ensuring smooth international trade operations. Selecting the right freight forwarder will optimize logistics, reduce risks, and contribute to overall supply chain efficiency, ultimately benefiting the company's international business endeavors.
Global Ecommerce Faces Rising Parcel Return Costs
The responsibility for international small packet return shipping fees follows the principle of "source of responsibility," determined by factors like the reason for return, trade terms, and platform regulations. Buyers, sellers, transportation, customs clearance issues, and Incoterms all influence who bears the cost. Clearly defining responsibility, choosing reliable logistics, preserving evidence, and proactive communication are crucial for resolving disputes. The party at fault, whether due to product defect, incorrect shipment, or other issues, is generally responsible for covering the return shipping expenses.
UPS Wins USPS Air Cargo Contract Altering Logistics Sector
UPS has won the US Postal Service's air cargo contract, signaling a reshaping of the competitive landscape in the logistics market. This article delves into the reasons behind the contract shift, exploring the impacts on UPS, FedEx, and USPS. It also examines the potential response strategies of each party and forecasts strategic choices in the face of industry changes. The analysis highlights the evolving dynamics and competitive pressures within the air cargo sector as major players adjust to the new agreement.
Nippon Express Launches Europe-China Rail Freight Service
Japan Transport is set to launch a China-Europe railway freight service aimed at facilitating the flow of goods between Europe and China. This new option for transporting small amounts of cargo offers a transit time of 18-21 days at only one-third the cost of air freight, catering to demands for quicker deliveries without urgency. Furthermore, Japan Transport plans to primarily target Japanese companies, providing them with more efficient logistics solutions for their operations in both China and Europe.
GXO Logistics Posts Record Q3 Revenue Prioritizes Growth
GXO Logistics reported record revenue for the third quarter, up 8% year-over-year, with a 42% increase in net profit. New CEO Kelleher emphasized that the future strategic focus will be on accelerating growth and expanding profit margins, focusing on high-growth areas, strengthening technological innovation, and adopting a prudent M&A strategy. The company will continue to focus on opportunities in e-commerce, supply chain complexity, and emerging markets, while addressing the challenges of market competition and technological change.
Fedex Q3 Earnings Surge on Ecommerce International Growth
FedEx reported better-than-expected results for its third quarter, with both revenue and profit growth driven by strong performance in e-commerce and international businesses. Despite the impact of adverse weather conditions, FedEx demonstrated robust operational and profitability capabilities. Company executives expressed confidence in future development, emphasizing the continued optimization of pricing strategies, seizing market opportunities, and maintaining industry leadership. The company is well-positioned to capitalize on the growing demand for e-commerce logistics solutions and expand its global reach.
CMA CGM Acquires Ceva Logistics A Major Transformation in Global Logistics Landscape
CMA CGM has acquired Swiss-based Ceva Logistics for $1 billion, aiming to expand its logistics business and provide complete supply chain solutions. This acquisition will position CMA CGM as the world's fourth-largest container operator, enhancing its competitiveness in the market. The newly integrated company will employ over 100,000 individuals, marking a significant transformation in the global logistics industry landscape.
Ecommerce Boosts US Logistics Real Estate Growth CBRE
A CBRE report indicates continued strong growth in the Americas industrial real estate market, with record-high rents and sustained high demand, albeit slightly moderated. E-commerce, 3PL, and food and beverage companies are driving demand, with labor costs being a key factor in site selection. Investment activity remains robust, and the market outlook is positive. Companies should closely monitor market dynamics, optimize their location strategies, and seize opportunities.