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Supply
Chain by the Numbers |
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- Feb. 1, 2024
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UPS Announces Big Layoff; US PMI Down but Up in January; eTruck OEMs Start Charging Infrastructure Group; Amazon Same-Day Grows Again in Q4 |
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12,000 |
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That’s how many jobs parcel shipping giant UPS says it plans to eliminate in 2024, as ecommerce volumes continue to be weak. The news came as part of UPS’ Q4 2023 earnings call this week, where the company announced Q4 revenue that was below analyst estimates. In the US, revenue decreased 7.3% due to a 7.4% decrease in average daily volume, according to the company. UPS also projected 2024 revenue in a range of $92 billion to $94.5 billion, also short of Wall Street's expectations. The layoffs will impact about 3% of its workforce and do not impact union-represented roles, according to UPS. The company also hinted that its Coyote truck load brokerage business may be put up for sale. UPS acquired the Chicago-based company in 2015.
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| That was the level of the US Purchasing Managers Index (PMI) from the Institute for Supply Management (ISM) for January, as just released this week by ISM. While up two percentage from December, the PMI has now been below 50 for 15 consecutive months. That’s important because 50 is the line of demarcation. A score above 50 means US manufacturing is expanding, while below 50 signals contraction. In better news, The New Orders Index moved into expansion territory at 52.5, 5.5 percentage points higher than the level recorded in December, in a good sign for future US manufacturing activity. |
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65% |
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| That was the year-over-year growth in the number of orders Amazon delivered the same day or overnight in Q4. That according to a blog post this week by Doug Herrington, CEO of Amazon's worldwide stores business. Herrington said it delivered 7 billion items with same or next day shipping last year. The company declined to provide comparable figures on shipping data from 2022. Amazon has linked speedier deliveries to improvements in inventory deployment and growth in its local same-day delivery hubs. The company currently has 55 of these facilities in metro areas across the US, with plans to add still more. Also a factor is a new network design which divides the country up into smaller regions and ships items from those areas reducing travel distances and item touches. |
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That is how many of the seven top US heavy duty trucks brands by sales levels are joining together in a coalition to try to move faster on rolling out charging station infrastructure for zero emissions vehicles, according to an announcement this week. The Powering America’s Commercial Transportation (PACT) initiative was formed to educate policymakers, regulators and other stakeholders around the nation on the zero-emission infrastructure needs of the trucking industry. The companies involved are Daimler (parent company of the Freightliner and Western Star brands), Navistar (parent company of International Trucks), and Volvo Group North America (parent of the Volvo Trucks and Mack Trucks brands). Rapid deployment of reliable and accessible infrastructure for zero-emission trucks necessitates decisions on capital investment, electrical grid upgrades and dedicated charging equipment, PACT says.
