or Search by TOPIC
Search Supply Chain Videocasts
  Sign-Up Free Newsletter
Supply Chain by the Numbers

- Dec. 7, 2023


Supply Chain by the Numbers for December 7, 2023


New Nuclear Container Ship Coming; US Manufacturing Contracts again November; Yellow Freight Terminals Auctioned Off; China's Temu Gaining eCom Share Rapidly



That about how much capacity in terms TEU that is planned for a new container ship that will be built by China State Shipbuilding Corporation (CSSC), as announced this week at the at the Marintec China expo in Shanghai. Nothing new about another megaship being constructed, right? Well there is a twist on this one. The new vessel will be powered by a nuclear reactor, becoming the first large scale ship when completed to run on nuclear power. There has been much discussion on reducing CO2 emissions from bulk and container ship operations, thought to be responsible for about 2% of total global CO2. While navies and other government ships have been using nuclear power with zero-emissions for more than 60 years, to date ocean carriers have only looking at other approaches to lower CO2, such as such as liquid natural gas, bio fuels and even full battery electric, but no real consensus on the best approach and technology has emerged.




That is the percent of freight terminals that were operated by now bankrupt LTL carrier Yellow Freight that were acquired by other carriers in an auction this week. Yellow’s network before the auction included 166 LTL terminals – many in very sought-after locations. 130 terminals have now been sold, almost all to about a dozen trucking companies. The leading acquirers were LTL carriers, led by XPO, which grabbed 28 properties for $870 million; Estes Express Lines, which bought 24 terminals for $249 million; and Saia, snagging 17 properties for $236 million. Combined, the properties sold for slightly under $1.9 billion.





That is how many consecutive months that the US Purchasing Managers Index (PMI) from the Institute for Supply Management (ISM) has now been below 50, with the November reading coming in at 46.7, as released from ISM earlier this week. That’s important because 50 is the line of demarcation. A score above 50 means US manufacturing is expanding, while below 50 signals contraction. What’s more, the New Orders Index remained in contraction territory at 48.3, 2.8 percentage points higher than the October score, but still bad news for future US manufacturing activity. The PMI has below that key 50 mark since November 2022, and it is now averaging just 47.2 over the past year.



52 Million

That rather amazingly is the number of users in the US of a Chinese ecommerce company named Temu, a marketplace owned by China’s PDD. Temu is growing so fast in China and other countries that is has now surpassed Alibaba in terms of market value, according to the Wall Street Journal this week. Temu’s growth is coming as it shakes up conventional on-line retail business model. How? By developing a network of low-cost manufacturers targeting budget buyers, particularly in clothing. Alibaba has focused on building its marketplace, not supplier development. For now, Temu’s approach it seems to be working. Though it has sales that are just one-third of Alibaba, Temu sales nearly doubled last quarter while Alibaba’s revenue grew 9%.

No Feedback on this article yet.

Supply Chain Digest Home | Contact Us | Advertise With Us | Sitemap | Privacy Policy
© 2006-2019 Supply Chain Digest - All Rights Reserved
e q