HUGE ground shift in a multi billion dollar industry

20 square feet of container footprint? 20 cubic feet of space within the container? 20 linear feet of the container's width and height?

The footprint option comes closest to the $30,000 figure for an entire container. I'd heard the rate had risen, a lot, but I didn't think it was THAT high. One boat carries thousands of containers. We're talking hundreds of millions of dollars of shipping charges from one boat. That can't be true.

Um, the company that owns LANE (and some other names) is who's winding down.

It started with NAFTA

Agreed, Ikea is alright when you are young and broke. But it gets depressing after a few years.

The last 6 pieces of furniture I bought were from a local thrift shop. The older stuff is built much better, and from solid hardwoods. The new stuff is total garbage made from glued together sawdust and fake woodgrain plastic wrappings.

"You will have nothing and accept that condition for your life."

Ccp needs to keep Chinese peeps busy or locked down.

Exactly...


Just because of a big name closure doesn't mean there won't be smaller companies expanding to take their place.

What happens with big companies is this.

Management buys stock in support companies... ie advertising,,janitorial,,,you name it.

Then they give these support companies contracts for waaaaaay overpriced services instead of going out and shopping for cheaper service.

Larger companies struggle to make a profit.

And management doesn't care because they're lining their own pocketbook.

Yep, I did not nor ever will take their 'vaccine' but anyone buying into that 'billions died suddenly' psyop are not too bright.

I’d be curious to know if BCG consulting had any ties to Lane. I’d bet a dollar they do.

Furniture Today obtained a copy of the email sent to employees:

“At the instruction of the Board of Directors of United Furniture Industries, Inc., and all subsidiaries (the “Company”), we regret to inform you that due to unforeseen business circumstances the Company has been forced to make the difficult decision to terminate the employment of all its employees, effective immediately, on November 21, 2022, with the exception of over-the-road drivers that are out on delivery. Your layoff from the Company is expected to be permanent and all benefits will be terminated immediately without provision of COBRA.

Over-the-road drivers that are out on delivery will be paid for the balance of the week. Whether or not you have completed your delivery, please immediately return equipment, inventory, and delivery documents for those deliveries that have been completed to one of the following locations: Winston-Salem, N.C., Verona, Miss., or Victorville, Calif. location. To be clear, do not complete any additional deliveries.

We regret that this difficult and unexpected situation has made this necessary. Additional information will be provided shortly.

Thank you for your service and dedication.
UFI/Lane Corporate Communications”

This is actually the biggesr doom for awhile. They didn't give advanced warning to all the mega furniture places that sell their stuff if you read the whole thing.

The more I think about this, the more I wonder if it's a hoax. The text doesn't quite ring true. But you have to keep in mind that UFI is based in Mississippi.

A dissgruntled former employee who possessed a copy of the employee e-mail list might do such a thing, just to be a dick. That's preferable to returning to the plant and going postal, but it's still dicky.

Frugality is the new luxury.

Last Edited by BrainGuy: Q* on 11/24/2022 12:47 PM

Not a hoax. It made the local news in the Victorville (So Cal) where they had a very large logistics center.

[link to www.vvdailypress.com (secure)]

tell me you're an ape without telling me you're an ape ;)

20 feet of the 40 feet; one-half of the entire container by volume.

Lane had gotten pretty bad. There are still several quality USA furniture manufacturers, but this closure will shift a lot of demand onto those remaining. Those manufacturers are more or less high volume specialty manufacturers building for the “buy once, cry once” crowd.

My leather sectional sofa is from one of those manufacturers, but it is top notch seasoned hardwood made with strong joinery and hardware. Of course it cost me over $6000 but it’s built to last. Most Americans don’t know what good furniture is.

They think that massagers, cup holders, USB ports and zebra print leather make furniture “fancy”. Americans are dopes and buy whatever disposable shit the bugs will sell them

Lane was intentionally mismanaged. This is all to strip assets, reward execs, and move future manufacturing to china

Last Edited by Urban_Moving_Systems on 11/25/2022 01:21 AM

I have the same wood furniture for the last 20 years and why? Because it is REAL solid wood furniture. It is time to refinish it and if anyone does that then I would rather pay for that then buy cardboard with veneer over it.

The U.S. furniture industry died decades ago. The "HUGE ground shift" has long been over

A troubled company that filed BK in 2013, and again in September.

Carrying lots of debt in rising interests rates and a government-caused purposeful recession.

"Phillips Curve" look it up, Democrats have been told to not to continue raising interest rates by the UN so they played the only card left to control inflation.

Nothing that size closes abruptly, yo7 just wernt aware of what was going on behind the scenes.

Thank you for clarifying. That makes more sense. It's still a lot of money for the shipping company, but you can cram a lot of wheelbarrow kits in 20'. They cost $5 in Shanghai, and you spend 50¢ to get them to Seattle, and then another $5 to get them to Topeka, and you can sell them for $79.95.

I did a bit of research but didn't really find much. Something I noticed was that the big dog at UFI had recently been the big dog at UFI Transportation, which appears to be a captive vendor to UFI. I wondered if the real money is in the delivery charges.

I also thought it strange that the e-mail pink slip instructed drivers currently on the road to make no more deliveries, just turn around and come back to the terminal. That's no way to make money. That's not even a way to cut one's losses, unless there's something I don't understand (which, while hard to imagine, is possible).

Last Edited by Overgoverned on 11/25/2022 03:47 AM

People who prefer not to sit on the ground, eat on the ground or sleep on the ground.

You’re most welcome! Sorry, I realize now that I wasn’t clear initially.

One online company that I had done business with in the past, St. Paul Mercantile, a mom+pop outfit that sells/sold kerosene stoves and similar appliances, almost went out of business during the pandemic due to inability to get their products. IIRC, the owner said that a full container of goods, that was to be his stock for the year, was sitting in port in China, and he couldn’t get it because, instead of the normal $3000 or so it cost him in years past to get it to him, the cost was now $25,000.

A 20' container is 20' long x 8' 6" wide (8' inside) x 8' tall (inside) ... or 1280 cubic feet +- a bit. LOTS of stuff can be put into a 20' long container since they tend to be packed very very tight, much tighter than a semi truck trailer.

And yep, the pricing of a 20' container from China to the US has now dropped to the $1200/trip range from what I was reading a week ago. Add port fees to that on each end and the total shipping cost is probably $1500+- from the delivery point at the container yard in China to the marshaling yard ready for pickup in the US. (95% - 98% LESS adjusted for inflation than ocean shipping cost in the 1960's)