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Supply
Chain by the Numbers |
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- Dec. 19, 2024
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Amazon and the Teamsters. Macy's Flagship Store Real Estate for Sale? ISM Sees Strong Manufacturing Economy in 2025. Freight Recession Nearing End?
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That is how many Amazon Fulfillment Centers have organized under the Teamsters union, according the Teamsters this week. That in the news as the national Teamsters claimed workers at seven Amazon DCs across the country had authorized a strike in the days leading up to Christmas. Four of the FCs were said to be located in California, two in New York City, and one in Illinois. But something is strange, as it is believed that only one FC - in Staten Island, NY - has voted to form a union, and that one does not yet have a contract with Amazon, though the workers there did vote to join the Teamsters earlier this year. More on this as we get it. |
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| That amazingly is the size in square feet of Macy’s flagship department store in Herald Square in midtown Manhattan. Why is that in the news? Because two activist investors in the department store chain are calling for Macy’s to sell the real estate where the flagship store is located. It comes as the retailer faces a tough holiday season after recently revealing disappointing sales figures and slashing its profit outlook. Macy’s is already in the process of shutting about a third of its stores. Sales fell by 2.4% in the quarter ending in November. |
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2.8% |
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| That is the solid growth in US freight shipments in November versus October, according to the monthly freight report late last week from Cass Information Services. 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. What’s more, shipments declined by 0.7% in November versus the same month in 2023, but that was the narrowest decline in 21 months. All this is a bright spot for carriers in what has largely been a freight recession in the US for about two years. |
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That is the forecast growth in US manufacturer revenues in 2025. That according to the semi-annual economic forecast from the analysts at the Institute for Supply Management (ISM) – the same folks who publish the monthly and well-followed Purchasing Managers Index (PMI). If the ISM forecast holds true, the growth would be well above the low 0.8% rise now expected in 2024. ISM expects growth to be modest in the first half of next year, but accelerate in the 2H of 2025.
