New system bid
11-14-2022 | 08:08 PM
#101
Gets Weekends Off
Joined: Dec 2010
Posts: 3,201
Likes: 32
From: 4A2FU
FedEx is a different story, apples to oranges in this case, Like Amazon laying off 10K. Not going to reference them to predict our short term but worth noting.
I looked and compared payloads from
my last couple months to the various months up to a year before. I didn’t see any noticeable difference.
I’ve read about a handful of people on the B&G talking about cancellations this week. Could be a legit volume drop, Asia Covid issues, staffing and flu issues, or over agressive peak scheduling - no one here knows. No one knows the scale of it either.
I looked and compared payloads from
my last couple months to the various months up to a year before. I didn’t see any noticeable difference.
I’ve read about a handful of people on the B&G talking about cancellations this week. Could be a legit volume drop, Asia Covid issues, staffing and flu issues, or over agressive peak scheduling - no one here knows. No one knows the scale of it either.
11-15-2022 | 01:28 AM
#102
Social Media retired.
Joined: May 2018
Posts: 1,014
Likes: 44
There is a global freight slowdown happening, no one is denying this. My point was we have no data to directly say how it is affecting UPS yet. All we know is there is some noise about Asia reschedules in the last few days which could be for a mix of reasons. Speculate all you want…
11-17-2022 | 05:50 AM
#103
Line Holder
Joined: Jun 2017
Posts: 42
Likes: 0
From: 747 FO
For those who haven't, I highly recommend "The End of the World is Just the Beginning" By Peter Zieihan. One of his conclusions: China has largely peaked as the world's producer. Expect them to largely decline over the next decade. What that means for UPS? No telling exactly, but less China is likely.
11-17-2022 | 06:27 AM
#104
Gets Weekends Off
Joined: Mar 2014
Posts: 185
Likes: 0
There is a global freight slowdown happening, no one is denying this. My point was we have no data to directly say how it is affecting UPS yet. All we know is there is some noise about Asia reschedules in the last few days which could be for a mix of reasons. Speculate all you want…
11-17-2022 | 07:12 AM
#105
Social Media retired.
Joined: May 2018
Posts: 1,014
Likes: 44
Global freight slowdowns could be just a rebalancing of the system. All of the backlogs at ports and ship traffic have been rightsizing. Most distribution centers already have q4 inventories for holiday season. Manufacturing sector, downsizing current inventory to close out FY. All of the air shipments during the pandemic have slowed considerably since ship traffic has righted itself. Pandemic supplies like masks, respirators and vaccines have slowed greatly. There has been a lot of things seen in manufacturing and supply chain the last couple years that were never seen before. Do you think it is a recession or a market correction?
11-17-2022 | 07:33 AM
#107
Line Holder
Joined: Jul 2007
Posts: 990
Likes: 38
Ive had my stuff in Europe wiped out as well. Even some HNL stuff. This looks like a big deal to me, but like you, no one cares what I think.
11-17-2022 | 10:16 AM
#108
Line Holder
Joined: May 2006
Posts: 1,158
Likes: 2
From: DC-8 756/767
Some good news in this depressing thread is most of my domestic loads have been at or above schedule. Maybe its just where i am going, but been pretty full for a couple of weeks.
And, I’m not seeing as much Amazon crap as I have in the past.
And, I’m not seeing as much Amazon crap as I have in the past.
12-01-2022 | 10:31 AM
#109
Line Holder
Joined: May 2006
Posts: 1,158
Likes: 2
From: DC-8 756/767
New Union video out today, lots of uncertainty in 2023 with hiring and what’s to become of the MD. I don’t see UPS spending 13 Mil on each PW engine and apparently they will need to either be parked or fixed by the end of 23. For those who can’t watch the video, we all should know something by April. Sounds though, hiring will slow down next year.
01-10-2023 | 11:21 PM
#110
Gets Weekends Off
Joined: Dec 2010
Posts: 3,201
Likes: 32
From: 4A2FU
For those who haven't, I highly recommend "The End of the World is Just the Beginning" By Peter Zieihan. One of his conclusions: China has largely peaked as the world's producer. Expect them to largely decline over the next decade. What that means for UPS? No telling exactly, but less China is likely.
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