cross-border e-commerce Archives - Maritime Shipping News

Geodis launches air zone skipping for US firms shipping to Canada

14 December 2022

Geodis has launched a new air zone skip service to facilitate faster direct-to-customer cross-border delivery for U.S. e-commerce firms shipping to Canada.

The MyParcel product is Geodis’ existing small parcel delivery service that allows U.S. companies to ship to 26 European countries, the U.K. and Canada. The new air zone skip service is designed to streamline shipping into Canada. Geodis plans to expand MyParcel to new geographical areas in 2023.

“Zone skipping can be an extremely beneficial...

https://www.freightwaves.com/news/geodis-launches-air-zone-skipping-for-us-firms-shipping-to-canada

Global-e acquires cross-border e-commerce business from Pitney Bowes

1 July 2022

Global-e has completed its acquisition of Borderfree, a cross-border e-commerce business owned by Pitney Bowes. The company paid $100 million in cash for the business, which helps retailers enter new global markets by localizing their websites.

Borderfree operates in more than 200 countries and territories, helping e-commerce businesses simplify compliance and regulations processing when shipping out of country. It enables orders to be placed in 75 different currencies.

“We are excited to welcome...

https://www.freightwaves.com/news/global-e-acquires-cross-border-e-commerce-business-from-pitney-bowes

ESW taps into UPS network to smooth cross-border e-commerce shipping

31 March 2022

ESW taps UPS network for cross-border e-commerce shipments

The e-commerce world is getting smaller, and millennials are increasingly driving the trend. To address this, direct-to-consumer (DTC) e-commerce platform ESW announced an agreement with UPS that will speed up shipments of international e-commerce orders for its customers.

ESW provides enterprise commerce solutions for brands, including compliance, data security, fraud protection, taxes and tariffs as well as checkout, delivery and returns services. The company’s technologies include Symphony...

https://www.freightwaves.com/news/esw-taps-into-ups-network-to-smooth-cross-border-e-commerce-shipping

Descartes acquires e-commerce US customs filing provider NetCHB

10 February 2022

Global logistics technology provider Descartes has acquired NetCHB to enhance cross-border customs filings for e-commerce companies.

Descartes is paying $40 million in upfront cash plus an additional amount based on NetCHB achieving certain revenue targets in the first two years post-acquisition. That additional amount is payable under an all-cash performance earn-out and maxes out at $60 million.

NetCHB automates customs filing processes in the U.S. Its cloud-based platform is used by more than...

https://www.freightwaves.com/news/descartes-acquires-e-commerce-us-customs-filing-provider-netchb

PayPal: ‘Strongest first-quarter results’ in company history

5 May 2021

Global payments provider PayPal (NASDAQ: PYPL) on Wednesday reported Q1 2021 net revenues of $6.03 billion, up 29% year-over-year, and beating the $5.9 billion estimate of analysts surveyed by TipRanks.

PayPal said non-GAAP earnings per share (EPS) was $1.22, 20 cents better than Seeking Alpha’s estimate, and GAAP EPS was 92 cents, 28 cents ahead of estimates. GAAP EPS increased 1,200% over Q1 2020 and non-GAAP EPS was up 84%.

The stock price was up more than 4% in after-market trading following...

https://www.freightwaves.com/news/paypal-strongest-first-quarter-results-in-company-history

Postal Service may expand international parcel, mail delivery services

2 February 2021

The U.S. Postal Service is inviting public comment on a preliminary proposal to expand the network of providers allowed to transport outbound mail and parcel traffic, an initiative that has been on the table for some time.

The program, which the Postal Service has called the Outbound Commercial Provider Initiative (OCPI), was introduced Monday in the Federal Register, the federal government’s publication of record. The action was classified as an “advance notice of proposed rulemaking,”...

https://www.freightwaves.com/news/postal-service-may-expand-international-parcel-mail-delivery-services

E-commerce explodes into holiday shipping season

26 October 2020

Men roll big pallets into the illuminated cargo bay of a big airplane at night.

Peak season e-commerce sales, turbocharged by an accelerated shift to online buying as consumers shy away from crowded stores during a pandemic, are expected to hit all-time highs this year, putting additional pressure on express delivery networks.

Retail and logistics analysts say the unprecedented level of digital commerce has pulled forward 10 years of expected growth in the span of six months.

The flood of new orders, especially early in the coronavirus crisis when so many stores were...

https://s29755.pcdn.co/news/e-commerce-explodes-into-holiday-shipping-season

US-Canada border closure has silver linings, customs broker says

17 June 2020

Since the United States-Canada border closed to nonessential travel in March, trucks have continued to move goods between the countries freely, even benefiting from the drop in car traffic. But one particular corner of the supply chain stopped in its tracks: the informal cross-border logistics of ordinary Canadians and small businesses.

“When the borders closed, getting those items across got more difficult,” Graham Robins, president and CEO of Vancouver-based A & A Customs Brokers, told...

https://s29755.pcdn.co/news/us-canada-border-closure-has-silver-linings-customs-broker-says