Don't know where you live, but here at least the top 6 employers depend on government money directly, or nearly directly.
Posted on 01/02/2024 3:49:08 PM PST by davikkm
During December, I rarely saw a FedEx delivery trick on the roads in my 80,000+ person town, rarely a UPS truck, maybe a few Amazon trucks every once in a while. The real economy seems to be declining fast.
From r/Fedexer:
We are in a recession. Buckle up.
This morning, we were notified by text that the whole morning sort was canceled due to “low volume availability”. It felt so effing good to sleep in, but thats besides the point.
(Excerpt) Read more at citizenwatchreport.com ...
I could loan him a few UPS and FedEx trucks from our street. I’d like to cut down the traffic here.
Same here. Seemed the UPS and FedEx trucks never stopped running through my neighborhood during December. Amazon Prime trucks too.
Not where I live. It is filled with government workers. Tons of UPS, FedEx, and Amazon packages. Also new German cars, new Teslas...
Dems at the ready! “All caused by MAGA Republican right wing extremism in the House” in three…two…one…
Economy is being kept alive by government debt and transfer payments.
“Buckle up”. I’ve heard that 1000 times. I am buckled up.
Ummm, no, don’t know where you live but still the same number of UPS, Fedex and Amazon trucks as per usual in my neighborhood. Maybe you live in the sticks?
Don't know where you live, but here at least the top 6 employers depend on government money directly, or nearly directly.
One very odd thing I did notice this year. The usual bevy of 40 foot containers for extra merchandise at Walmart were missing. I went there the week before Christmas and the place was dead.
If I didn't know better I'd say people are running out of money but I know that can't be true since xiden says things are wonderful.
Govt is the largest: employer, consumer, landlord, tenant, lender and borrower. They directly employ ard 22million and who knows how many indirectly-
This is still called capitalism and many places, like here are similar to CT,
our deliveries are not regular.
orders of same items are separated and delivered separately
sometimes post office delivers amazon, sometimes ups.
we’ve commented in our home: somethings weird. somethings going on
We’ve been in a recession since at least Q2 2022.
Not sure that indicates a recession.
In my town of about 25K UPS, Amazon and FedEx trucks were seen in my apt complex (20 units) at least 3 times per week.
Shippers used to use USPS, but they seem to use the postal delivery less.
Amazon, FedEx and USPS even make Sunday deliveries.
For the quarter ended on November 30th, FedEx reported revenue dropped almost 3% YoY to $22.2 billion. However, net income rose 14% YoY to $898 million. Adjusted earnings rose 23% to $1.01 billion or $3.99 per diluted share, 19 cents short of LSEG’s estimate. Both revenue and earnings missed analyst estimates.
Operating income tanked 60% at its air-based Express unit, partly owed to the falling volume from the U.S. Postal Service. U.S. Postal Service has been shifting more packages from higher-margin air services to their more economical ground alternatives. Operating income at FedEx’s Ground division, known for delivering packages from Walmart (NYSE: WMT), rose 51%.
Seriously? My neighborhood was jammed with them. USPS too. Stores were still pretty busy, but it's clear a TON of people did their Christmas shopping online.
Where is this guy located? I can’t swing a dead cat around my neighborhood without hitting an amazon truck.
moderate to higher end suburb of cleveland - traffic was down compared to last year and year before.
Well, FedEx is uniquely (and poorly) situated in this delivery on demand economy. You may be getting orders broken up and delivered by different carriers because they are coming from different fulfilment centers, or for weight cost/benefit they are broken up into various size boxes. Then a computer determines the most efficient way to deliver each box.
FedEx is poorly situated because they don’t have a strong relationship with 3rd party fulfillment centers or with Amazon; while UPS has a much bigger fleet and the USPS has the biggest fleet in the country - the only service that picks up and delivers to every address in the country 6 days a week (and in many areas now, 7 days a week mostly for Amazon). FedEx used to get to cherry pick the most premium, important packages. The volume of money is in the parcels and FedEx doesn’t have the infrastructure to do the pickups or do the rounds for drop-off like UPS/USPS does, so they don’t get the business.
A lot less package delivery trucks in Dec, even compared to Sept and Oct.
I’m in a gov’t town, with the nearest thing is a Navy Base housing.
Lot less food deliveries this Fall, as well.
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