Alibaba’s Cainiao launches container booking service, cites global cargo woes

posted on 15th January 2021 by Eddie Saunders
Alibaba's Cainiao launches container booking service, cites global cargo woes

By Reuters

Alibaba Group’s Cainiao launched a container booking service for air and sea freight on Thursday, and said the move was in response to a global shortage of shipping containers that had pushed cargo costs to record highs.

The logistics firm that underpins delivery for Alibaba’s e-commerce marketplaces said its service would span over 200 ports in 50 countries, and it would offer 30-40% lower cross-border port-to-port shipping fees versus the average market rate.