Chinese e-tailer JD.com expands cargo airline

JD Logistics, the logistics arm of China’s largest retailer by revenue JD.com, is adding four additional Boeing 737-800 converted cargo aircraft to its private fleet to support growing demand for e-commerce and express delivery in, and around, China.

AerCap, the world’s largest aircraft lessor, announced Tuesday that it will deliver four used 737-800s, modified from passenger configuration for maindeck container transport, to JD Logistics this year. 

The aircraft will be based in Nantong, China,...

https://www.freightwaves.com/news/chinese-e-tailer-jd-com-expands-cargo-airline

Illegal Ozempic shipments enter US through e-commerce sales

U.S. authorities say they have begun seizing illegal parcel shipments of the popular weight-loss drug Ozempic at ports of entry as smugglers take advantage of programs that expedite duty-free entry of small-dollar imports.

Ozempic joins a soaring number of illegal medications, including synthetic drugs like fentanyl, entering the United States through e-commerce sales channels.

Customs and Border Protection officers have confiscated 11 Ozempic-related shipments this year since February at DHL...

https://www.freightwaves.com/news/illegal-ozempic-shipments-enter-us-through-e-commerce-sales

Cargojet enters charter deal for Chinese e-commerce

Cargojet, best known for operating a domestic overnight airfreight network in Canada for Amazon and DHL Express, said Monday it has begun providing scheduled charter service for Great Vision HK Express to support growing e-commerce orders from China.

Under a three-year contract with China-based Great Vision HK Express, estimated to generate US$116.2 million in total revenue, the Canadian air cargo company will operate at least three flights per week from Hangzhou to Vancouver, British Columbia,...

https://www.freightwaves.com/news/cargojet-enters-charter-deal-for-chinese-e-commerce

US Customs tightens enforcement on low-value e-commerce trade

U.S. Customs and Border Protection has suspended several customs brokers from a program designed to speed entry for low-value shipments but has paved the way for an explosion of e-commerce imports from China and India that the agency is struggling to police.

CBP didn’t spell out specifics in Friday’s suspension announcement but implied the intermediaries were penalized because filings for cargo release repeatedly failed to comply with requirements that the importer use “reasonable care” to...

https://www.freightwaves.com/news/us-customs-tightens-enforcement-on-low-value-e-commerce-trade

Atlas Air to end Amazon flights, focus on international customers

Atlas Air will stop flying freighter aircraft in Amazon’s domestic parcel network by the middle of next year and concentrate on international widebody service for its growing customer base, which will soon include Chinese e-commerce giants Shein and Temu, CEO Michael Steen said in an interview.

Both parties have agreed to terminate contracts under which Atlas provides crews, routine maintenance and insurance (CMI) for 25 converted freighters: eight Boeing 737-800s and 17 Boeing 767-300s. Amazon...

https://www.freightwaves.com/news/atlas-air-to-end-amazon-flights-focus-on-international-customers

Airfreight rides e-commerce to surprise growth in May

Conventional thinking suggests the unexpected strength of the air cargo market so far this year is ready to cool off for the summer, as freight activity normally does each year. It’s not happening — yet.

Global airfreight volumes didn’t subside after China’s Lunar New Year holiday in February, as many industry professionals anticipated, and are still going strong, albeit with ebbs and flows. The primary catalysts remain Asian exporters shifting modes because of slower ocean transits around the...

https://www.freightwaves.com/news/airfreight-rides-e-commerce-to-surprise-growth-in-may

Amazon reports $143B in Q1 revenue, topping Wall Street expectations

E-commerce giant Amazon reported better-than-expected earnings and revenue for the first-quarter, driven by tweaks in its logistics operations, as well as growth in its advertising and cloud computing units, according to Amazon CEO Andy Jassy.

“Delivery speed really matters to customers and we’ve continued to get faster while improving our safety performance,” Jassy said during a call with analysts Tuesday. “Over the past year, we’ve talked about how our regionalization efforts have helped to...

https://www.freightwaves.com/news/amazon-reports-143b-in-q1-revenue-topping-wall-street-expectations

Check Call: The broker dry spell

(GIF: GIPHY)

In 2021 it seemed like there was a new freight brokerage opening daily. When you can get away with insane margins and are making money hand over fist, it would be a mistake not to open a brokerage.

Fast forward to late 2022 and 2023, and the freight recession hits. Those new brokers haven’t been through a downturn before, and there isn’t a strong sign of the freight market returning to its glory days anytime soon, leaving some newer players to weather the storm in uncertain...

https://www.freightwaves.com/news/check-call-the-broker-dry-spell

China e-commerce exports, unreliable Red Sea shipping boost air cargo

Resurgent air cargo demand and rising rates, powered by the quasi-blockade of Red Sea shipping and continued growth in bookings by Chinese e-commerce platforms, during a normally slow shipping period is creating high expectations among air carriers for peak season and making logistics providers nervous about securing adequate capacity. 

Air cargo demand has grown by double digits for four consecutive months, while rates have risen steadily since late February. The strength of the market rebound...

https://www.freightwaves.com/news/china-e-commerce-exports-unreliable-red-sea-shipping-boost-air-cargo

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