Lakeside Holding Limited (NASDAQ: LSH) has seen a significant uptick in its stock price following the announcement of a new logistics agreement. As of the latest market update, LSH shares have risen by 34.84%, reaching $3.29 on the US stock charts.
Lakeside Entered Strategic Partnership with E-Commerce Platform
Today, Lakeside Holding (LSH) disclosed the establishment of a one-year contract, with automatic annual renewals, with a prominent Asia-based e-commerce platform. This agreement will see Lakeside Holding providing comprehensive cross-border fulfillment services aimed at enhancing the shopping experience for international sellers.
The services under this partnership will include air and ocean freight entry, customs declaration, destination freight recovery, parcel handling, and delivery assistance.
Leveraging Technology for Enhanced Fulfillment
Operating under the American Bear Logistics brand, Lakeside Holding specializes in tailored cross-border ocean and airfreight solutions within the U.S., catering specifically to the transportation needs of goods entering the country. With its deep-rooted presence and understanding of both the U.S. and Asian logistics markets, the company is well-positioned to manage complex international shipping regulations.
This collaboration will harness Lakeside Holding’s advanced technology and dedicated IT team to optimize the fulfillment process for the e-commerce platform. The seamless API integration will connect the platform directly with Lakeside’s logistics system, providing real-time updates on order status, inventory, and delivery schedules.
This integration promises to deliver a transparent and efficient cross-border shopping experience. Due to Lakeside Holding’s wide global network of partners and carriers and its expertise in international shipping rules, merchants will have access to a variety of dependable and reasonably priced shipping choices.
This collaboration demonstrates the company’s dedication to providing cutting-edge logistics solutions that support e-commerce companies’ success on the international scene. The fact that Lakeside Holding is associated with an e-commerce platform that generated $18 billion in transaction value in 2023 demonstrates the company’s continued commitment and strength.
