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FedEx has secured the international cargo route from Xiamen to the usa.
On November 21, according to China News, fedex, one of the largest express transportation companies globally, announced on the 21st the launch of an encrypted international cargo route from Xiamen, China to the usa, along with the establishment of an operational center at Xiamen International Port. Fedex is currently the only international courier company that has opened an international cargo route in Xiamen. In March of last year, fedex established a partnership with the Xiamen municipal government to jointly optimize and expand Xiamen's international air transportation operations, support the growth of cross-border e-commerce, and promote the sustainable development of the logistics industry.
citic sec: The resilience and increased penetration of consumer spending accelerate the growth of e-commerce in the usa. Remain bullish on leading e-commerce companies.
In Q2 2024, the total e-commerce sales in the usa reached 282.3 billion dollars (up 6.6% year-on-year), with a penetration rate of 19.6% (up 1.8 percentage points year-on-year), of which csi sws food & beverage, groceries, electronics and home appliances, and non-store retailers grew by 8.0%/ 12.7%/ 7.9%/ 7.2% year-on-year.
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