FedEx and UPS have both seen their shipping volumes plummet as the economy nears collapse. The cargo market is rapidly imploding as shipping giants UPS and FedEx report precipitously declining package transit demand.
The number of package flights operated by both FedEx Express and UPS “significantly declined month over month in July,” according to Yahoo! Finance. This shows just how far the overall air cargo market has sunk since the spring of 2022 and the effect of efficiency initiatives the companies have undertaken in response to lower express volumes.
Since the spring of 2022, the overall cargo market has been waning. And the shipping industry’s response thus far has been to impose new efficiency initiatives to try to lower costs and accommodate smaller express volumes, according to a report by Natural News.
FedEx (NYSE: FDX) flew 9% fewer domestic flights last month than in June following small sequential gains the prior two months, with year-over-year flight activity down 14%, according to an analysis by investment bank Morgan Stanley. The year-over-year decline in UPS’ flight activity accelerated to 13% from 10% in June. UPS (NYSE: UPS) reduced July flights by 14% from June. Flight activity in May and June, by comparison, was relatively stable. –Yahoo! Finance
FedEx and UPS have both already declared they are reducing flight activity to make up for the lower volumes in parcel shipments. FedEx is also streamlining its air infrastructure as part of a “multiyear effort to take out structural costs and improve profit margins.”
Morgan Stanley only tracks domestic flights for express carriers, and the data show the difference in performance at Amazon as well. Amazon, which has slowed its private cargo airline’s torrid pace of growth but hasn’t made any large-scale adjustments to the fleet, has seen flight activity drop. Amazon Air dipped 2% month over month in July after being flat in June. Compared to last year, Amazon’s flight count actually increased 16%, three points better than in June.
This could be another sign of the crumbling economic state we find ourselves in.
Article cross-posted from SHTF Plan.
Why One Survival Food Company Shines Above the Rest
Let’s be real. “Prepper Food” or “Survival Food” is generally awful. The vast majority of companies that push their cans, bags, or buckets desperately hope that their customers never try them and stick them in the closet or pantry instead. Why? Because if the first time they try them is after the crap hits the fan, they’ll be too shaken to call and complain about the quality.
It’s true. Most long-term storage food is made with the cheapest possible ingredients with limited taste and even less nutritional value. This is why they tout calories so much. Sure, they provide calories but does anyone really want to go into the apocalypse with food their family can’t stand?
This is what prompted the Llewellyns to launch Heaven’s Harvest. They bought survival food from multiple companies and determined they couldn’t imagine being stuck in an extended emergency with such low-quality food. They quickly discovered that freeze drying food for long-term storage doesn’t have to mean sacrificing flavor, consistency, or nutrition.
Their ingredients are all-American. In fact, they’re locally sourced and all-natural! This allows their products to be the highest quality on the market, so good that their customers often break open a bag in a pinch to eat because they want to, not just because they have to due to an emergency.
At Heaven’s Harvest, their only focus is amazing food. They don’t sell bugout bags, solar chargers, or multitools. They have one mission – feeding Americans in times of crisis.
What they DO offer is the ability for people to thrive in times of greatest need. On top of long-term storage food, they offer seeds to help Americans for the truly long-term. They want them to grow their own food if possible which is why they offer only Heirloom, Non-GMO, Non-Hybrid, Open-Pollinated seeds so their customers can build permanent food security on their own property.
Visit the Heaven’s Harvest website and use promo code “Patriot” for a discount today!
