May 17, 2020

FedEx projects record-breaking day

Supply Chain Digital
Holiday Season Shipping
FedEx Shippin
Freddie Pierce
2 min
North American shipper FedEx projects Dec. 12 as the busiest day in company history
FedEx expects to move more than 17 million shipments – almost double its daily average volume – through its global networks on Dec. 12, the...

FedEx expects to move more than 17 million shipments – almost double its daily average volume – through its global networks on Dec. 12, the projected busiest day in company history.

Between Thanksgiving in the U.S. and Christmas, FedEx forecasts more than 260 million shipments will move through its worldwide shipping networks.  This is a 12 percent increase for the holiday season over last year when 232 million shipments were processed.

E-commerceis playing a crucial role in generating this seasonal growth and in overall global trade in general. And China is now the world’s second largest online retail market after the U.S. In 2010, China registered $80.7 billion online sales, doubling sales in 2009.

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Retail inventory such as apparel, personal consumer electronics and luxury goods as well as books and other items from large internet retailers will account for a large portion of FedEx holiday volumes.

FedEx Volumes Over the Years

·         Dec. 12, 2005 – 9.8 million shipments

·         Dec. 18, 2006 – 10.6 million shipments

·         Dec. 17, 2007 – 11.5 million shipments

·         Dec. 15, 2008 – 12.0 million shipments

·         Dec. 14, 2009 – 14.2 million shipments

·         Dec. 13, 2010 – 15.6 million shipments

FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories.

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Edited by Kevin Scarpati

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Jun 21, 2021

Elon Musk's Boring Co. planning wider tunnels for freight

BoringCompany
supplychain
freight
elonmusk
2 min
Elon Musk’s tunnelling firm plans underground freight tunnels with shipping containers moved on “battery-powered freight carriers”, according to reports

Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports. 

A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers. 

Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US. 

The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two. 

 

Boring Co.'s new freight tunnels

The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.

The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete. 

Tesla’s supply chain woes 

Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue. 

Elon Musk Tweet

Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely
 

Top Image credit: The Boring Company / @boringcompany

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