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.
