It Gets Surprisingly Ugly: US Freight Shipments Plunge 9.4%, Steepest since 2009 by Wolf Richter • Feb 19, 2020 • 87 Comments But the coronavirus impact has not been felt yet; that will come later.
THE WOLF STREET REPORT: Coronavirus Slams Airbnb, Airlines, Hotels, Casinos, San Francisco, Other Hot Spots by Wolf Richter • Feb 16, 2020 • 284 Comments It’s not only Chinese tourists, business travelers, and property buyers who’re not showing up, but also travelers from all over the world who’ve gotten second thoughts about sitting on a plane.
THE WOLF STREET REPORT: What Will the Coronavirus Do to the US & Chinese Economy? by Wolf Richter • Feb 2, 2020 • 179 Comments Is this the black-swan event people have been predicting for years?
Union Pacific Cut 17% of its Workers, Will Cut 8% in 2020. Revenue Fell 9.5%, Income 10%. Bought Back $5.8 Bn in Shares. Stock Hits New High by Wolf Richter • Jan 23, 2020 • 101 Comments Its debt surged to fund the share buybacks. And truckers ate its lunch. But don’t tell any of this to the “market.”
Railroad Pain: CSX Revenues Fall Below 2014. Workforce -7%. But Hey, $3.4 Billion in Share Buybacks by Wolf Richter • Jan 17, 2020 • 115 Comments “Give Me a Growing Environment, It’s Easier to Run the Railroad”: CSX CEO
US Freight Shipments Plunge at Fastest Rate since 2009, Hit 2011 Level: This is Getting Surprisingly Ugly by Wolf Richter • Jan 15, 2020 • 163 Comments Why is this happening?
Truckers Take “Wait and See Approach”: Equipment Orders, After Having Plunged, Stall at Low Levels by Wolf Richter • Jan 7, 2020 • 51 Comments Amid a shakeout among trucking companies & production cuts and layoffs among truck makers.
2020, Already the Year of Zombie Airlines by MC01 • Jan 5, 2020 • 87 Comments And the year has just started.
Manufacturing Employment, New Orders & Production Fall Fastest Since Apr-Aug 2009 by Wolf Richter • Jan 3, 2020 • 91 Comments An ugly report. How will it impact the overall economy?
How Amazon Gains Control & Domination by Wolf Richter • Dec 25, 2019 • 123 Comments Amazon takes over the last mile and everything else.
