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Supply
Chain by the Numbers |
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Feb. 21, 2025
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Amazon Beats the Union Yet Again. Nikola goes Poof. Shipment Volumes Fall again in January. Neiman-Marcus Delays Vendor Payments Big Time |
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$74.6% |
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| That was the share of workers at an Amazon fulfillment center near Raleigh, NC who voted No to joining a union last Saturday, as Amazon kept its track record in unionization battles almost perfect, with a decisive rejection of a union. The vote came in with 2,447 votes opposing the union and just 829 in favor, according to the National Labor Relations Board. There were 77 challenged ballots, a number that’s too small to change the outcome of the election. The results, however, still need to be certified by the NLRB. In the US, that means there is still only one Amazon FC that has voted to organize. That vote, which occurred in 2022 at an FC in Staten Island, New York, has to date not led to a contract between Amazon and the workers there, as Amazon continues to fight the outcome. The workers at the facility recently voted to join the Teamsters union in hopes the added muscle can get a contract done. |
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| That was the year-over-year drop in the Cass Information Shipments Index for January, as published late last week as every month by Cass and partner Tim Denoyer of ACT Research. The report is based on data from the billions of dollars of freight bills that Cass pays for its shipper clients. The index covers several modes but is weighted towards full truckload. That means the more than two-year “freight recession” continues on. The report says that after rising 13% in 2021 and 0.6% in 2022, the shipments index declined 5.5% in 2023 and 4.1% in 2024, and so far is trending toward another decline in 2025. On a month-over month basis shipment volumes were down 2.7% seasonally adjusted versus December, which saw the same measure fall 3.1%. |
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12 |
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| That is how many installments that vendors that have invoices awaiting payment from luxury department store Neiman-Marcus will be paid in, and not starting until July. That according to a letter sent to vendors last week. Neiman-Marcus is now owned by former rival sakes. The letter to vendors said, however that any new invoices will be paid within 90 days, a move Saks obviously hopes will keep shipments from vendors coming. All that according to a recent report in the Wall Street Journal. What’s more, Saks has decided to close Neiman Marcus’ Dallas headquarters office in a cost-saving move, the Dallas Morning News reported. The retail apocalypse continues on. |
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That amazingly was the value of Nikola at its peak in 2020, when the green trucking company was worth – briefly – more that Ford Motor Company, after if signed a strategic partnership deal with General Motors. All that is distant memory now, as the maker of freight trucks powered by hydrogen fuel cells announced the coming end of its tumultuous history, filing for Chapter 11 bankruptcy and saying it has begun selling off its assets. The company’s downfall played out over several years, problems ignited by scandals and lies involving its founder and former chairman and CEO, Trevor Milton. The disgraced executive was eventually convicted of wire and securities fraud in 2022 for misleading investors about Nikola’s operations and zero-emissions technology.
