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.
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
