Rates for trucking, ocean containers, airfreight, parcels, you name it, the costs for shipping consumer & industrial goods are surging.
Long-term structural issues have long dogged these fuels. Then came the Pandemic.
Wall Street loves conglomerates that are oligopolies or, better, monopolies — companies with a “wide and long-lasting moat,” as Buffett said.
But don’t fear for airline shareholders & creditors; they get to benefit from another $15 billion via “Taxpayer Capitalism.”
Railroads responded to structural challenges by slashing jobs. Did nothing for volume but did everything for their stocks.
US Federal Maritime Commission investigates container carriers’ “abandonment” of American agricultural industry. Weirdest Economy Ever.
Top 4 airlines burned $45 billion on share buybacks since 2012. If airlines run out of money, Chapter 11 bankruptcy works. Airlines proved it.
L-Shaped Recovery for Air Lines. Staking their future on a vaccine.
Never a dull moment in the land of consumer stimulus and heavy trucks.
While US Farmers Struggle to Find Empty Containers for Exports.