Empire Codex

Here’s what we have for you today:

• Unmet capacity

• Mc double

• Apart from rent

Reality of US freight sector recession

Be known: In May 2023, the Fed had highlighted the crisis facing the transportation business.

Frankly: In 2023, cardboard box sales have reached lows not seen since the Great Recession. Such as Packaging Corp. of America, the number 3 containerboard company in the US, reporting their biggest six-month decline since early 2009.

The report: US central bank said “Trucking firms reported a sharp decline in freight volume this period with excess capacity in the system. Respondents indicated that there was a freight recession, and it was more difficult to find loads. Weakness in demand was primarily in consumer and industrial segments.”

McDonald’s innovation of the past

Historically: The name for the new brand originated from CosMc, a McDonaldland mascot who appeared in advertisements in the late 1980s and early 1990s.

When: McDonald’s will test CosMc’s in a handful of sites in a limited geography in early 2024.

However: In the late 1990′s, McDonald’s bought Donatos Pizza, Boston Market and a stake in Chipotle Mexican Grill. Yet, it was all divested less than a decade after.

US apartment rent came back down

The average: Apartment rent prices have eased across the US compared to the same time last year (2022), with reportedly 67 of largest 100 US cities seeing lower prices on an annualized basis.

Accordingly: Rents are growing by a slower rate than every previous year measured by Apartment List, other than 2020.

High probability: It is likely that annual rent growth will go down further into negative territory in the months ahead (2023).

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