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Supply
Chain by the Numbers |
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- Aug. 10, 2023
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UPS Drivers' Big Total Compensaton; New Containershp Keep Coming; Pepsi Success with Tesla Semi; Cargo Theft and Organized Crime |
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$170,000 |
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That’s how much UPS drivers will make at the end of the tentative five-year contract between Brown and the Teamsters union, under a deal agreed upon by union leaders that will still have to be approved by the tank and file. That according to UPS CEO Carol Tomé on the company’s Q2 earnings call this week. That impressive figure, we will note, includes both wages and benefits such as healthcare and pension contributions. The current driver compensation is about $145,000, again including pay and benefits. This will surely cause the price of shipping parcels to rise significantly and could play a role in making inflation stick around, some economists are saying.
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| That’s how level of battery capacity the Tesla electric trucks running routes out of a PepsiCo distribution center in Sacramento are reaching after just 20-30 minutes of charging time. That number comes with the trucks coming in for charging with just 5-10% capacity remaining, according to an article on the truckinginfo.com web site this week. Pepsi also says that some of the 21 Tesla trucks are running long routes of as many as 450 miles in day without the need for recharging. And PepsiCo also had good things to say about Tesla’s regenerative braking system, which captures kinetic energy and stores it in the truck’s battery to help replenish their state of charge. |
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63% |
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That is the rise in cargo thefts in the first half of 2023, according to security firm CargoNet in its recent quarterly analysis. A new article in the Wall Street Journal says sneaker makers, especially Nike, have been particularly hard hit, generally from thefts driver by organized crime. In June of this year, the Los Angeles Police Department confiscated roughly $7 million USD worth of stolen Nike products in a massive warehouse raid. In 2022, Nike’s Memphis facility was robbed of approximately $800,000 USD worth of products, leading to a suspension on sales of then-unreleased Air Jordans on StockX. Said CargoNet executive Keith Lewis, “ “The good guys, us, we’re playing checkers, and the bad guys are playing chess. They’re always one or two steps ahead of us.” |
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That’s how much new ship capacity in terms of TEU was delivered to ocean container carriers in June and July – a lot of capacity in a down market that will put even more pressure on rates, as fleet managers try to figure out how to keep all the ships full. The July arrivals included three 24,000 TEU megaships, followed by two more 24,000 TEU behemoths that have hit the water already in August. And despite the surge of new arrivals seen recently, the largest carriers, with the exception of Maersk Line, all have huge orderbooks of ships still to be delivered. It just seems that the carriers are just incapable of keeping capacity tight to move the supply-demand curve in their favor.
