Loctek to Invest $97M in California Warehouse; Temu's Monthly Deliveries in EU Average 93.7M
Latest Dynamics of Logistics & Supply Chains in China's eCom
Here’s our pick for last week’s news:
Loctek to Invest $97M in California Warehouse
China Southern Air Logistics Targets ¥6.08B in Shanghai IPO
SF Expands in Australia with New Overseas Warehouse
Cainiao Rolls Out 'Fulfillment Butler' Service to Streamline Order Management
Temu's Monthly Deliveries in EU Average 93.7M
New Hong Kong-Budapest Cargo Route Launches to Boost E-Commerce Trade
COSCO SHIPPING Specialized Introduces Direct Route to Southeast Africa
Changjiu Logistics Partners with CAEC Group to Expand Automotive Logistics in Southeast Asia
Loctek to Invest $97M in California Warehouse
Loctek has announced an investment in the "Apple Valley Overseas Warehouse Project" in California, with an estimated cost of $97 million. The company's wholly owned subsidiary, 6075 Lance LLC, will manage the project.
Loctek has been aggressively building out its public warehouse operations. The company previously acquired 5,000 acres near key U.S. ports, with plans to develop 1.5 million square meters of warehouse space.
In Q3 2024, Loctek opened new warehouses in New Jersey and Houston, USA, and in Wernau, Germany. By September 2024, Loctek operates 19 warehouses globally, totaling 621,000 square meters, a 160,000-square-meter increase since June.
China Southern Air Logistics Targets ¥6.08B in Shanghai IPO
China Southern Air Logistics has updated its IPO filings on the Shanghai Stock Exchange, aiming to raise ¥6.08 billion ($837 million). The funds will be used for cargo plane acquisitions and digital infrastructure upgrades. Its IPO was accepted on December 31, 2023, and entered the inquiry phase on January 29, 2024.
The company provides air freight, ground services, and supply chain solutions, partnering with major cross-border e-commerce platforms like SHEIN, AliExpress, Temu, and TikTok Shop to support end-to-end services, from warehousing to last-mile delivery, for seamless international shipping. SHEIN has overtaken Apple and traditional freight forwarders as the company's largest client.
SF Expands in Australia with New Overseas Warehouse
SF Overseas Warehouse offers comprehensive end-to-end solutions for cross-border e-commerce, including domestic pickup, international shipping, warehousing, and last-mile delivery. Recently, its new Australian warehouse was launched with expanded delivery options, including postal services, commercial couriers, and trucking, enhancing access to the Australian e-commerce market.
Since its Hong Kong IPO on November 27, SF Holdings has attracted over HKD 800 million ($102.8 million) in investments from Morgan Stanley, JPMorgan, and RWC. On November 28, Morgan Stanley purchased 1.25 million H-shares at HKD 33.67 ($4.33) per share, increasing its holdings to 13.63 million shares, raising its stake from 7.28% to 8.01%.
Cainiao Rolls Out 'Fulfillment Butler' Service to Streamline Order Management
Cainiao International has launched the "Fulfillment Butler" service to enhance merchant experience. The service upgrades include smart order management, enabling merchants to automatically cancel, intercept, or recover orders, with compensation for anomalies. It also offers real-time updates on order progress, such as delays or unexpected issues.
Looking ahead, the service will provide proactive insights, offering merchants regular reports on fulfillment performance by time, logistics solution, and country, along with data-driven alerts on anomalies and compensations.
Temu's Monthly Deliveries in EU Average 93.7M
Temu's growth in the European Union is on the rise. From April to October 2024, the platform averaged 93.7 million deliveries per month across the region. Germany leads with 16.3 million deliveries, followed by France (12 million), Italy (10 million), Poland (9.6 million), and Spain (9.4 million).
In October, Philippe Wahl, CEO of France's La Poste, revealed that parcels from platforms like Temu and SHEIN now account for 22% of the group's total volume, surpassing Amazon's 21%.
New Hong Kong-Budapest Cargo Route Launches to Boost E-Commerce Trade
On December 4, a B767-300 freighter took off from Hong Kong International Airport to Budapest, Hungary, marking the official launch of the Huixin Hong Kong-Budapest scheduled international cargo route. Operated by Georgia's Kamax Airlines and contracted by Beijing Huixin Aviation Service (HXAS), the route will run three times a week, offering over 300 tons of cargo capacity for both inbound and outbound shipments.
The inaugural flight carried 52 tons of cargo, including cross-border e-commerce goods, high-end accessories, and precision instruments. The service is designed to support e-commerce and general trade shipments, facilitating the export of Chinese products to Europe.
COSCO SHIPPING Specialized Introduces Direct Route to Southeast Africa
COSCO SHIPPING Specialized has launched a direct weekly service from major Chinese ports to key Southeast African ports, cutting shipping times significantly. The service, which departs from ports like Qingdao, Zhangjiagang, and Lianyungang, and arrives at Dar es Salaam, Mombasa, and Durban, offers complete cargo tracking for real-time updates.
The route operates once a week, with 4-5 sailings per month. COSCO SHIPPING Specialized, part of China COSCO SHIPPING Corporation, operates the world's largest fleet of specialized vessels, handling overlength, oversize, and overweight cargoes such as RIGs, windmills, and heavy machinery for large international projects.
Changjiu Logistics Partners with CAEC Group to Expand Automotive Logistics in Southeast Asia
On December 3, Changjiu Logistics and Thailand's CAEC Group signed a strategic partnership in Bangkok to launch a joint venture in Thailand. The new venture will offer a range of logistics services, including transportation, warehousing, and customs, in line with both Thai and Chinese regulations.
Founded in 1992, Changjiu Logistics pioneered automotive logistics in China, becoming one of the largest independent providers in the sector. CAEC Group, established in 2013, has a strong presence in Thailand with diverse operations, including heavy machinery sales, engineering contracting, and new energy charging.
The partnership will allow Changjiu to expand its services to automotive manufacturers and dealerships in Southeast Asia, leveraging CAEC's local network and Changjiu's logistics expertise to meet growing regional demand.