US Trade Deficit in 2023 Dropped 19%, as Goods Deficit with China Plunged 29%: Imports & Exports of Goods & Services by Wolf Richter • Feb 8, 2024 • 48 Comments The much improved (or rather less horrible?) trade deficit was one of the reasons GDP was much stronger than expected.
Freight Recessions Crush Teetering Trucking Companies. This Time, Yellow. And the Freight Recession Continues by Wolf Richter • Aug 14, 2023 • 59 Comments Prolonging the downturn of for-hire truckers is the growth of private fleets, such as Walmart’s and Amazon’s which eat into their share.
Yellow Files for Bankruptcy and Liquidation. CEO Blames Teamsters in Stunning Detailed Announcement by Wolf Richter • Aug 7, 2023 • 178 Comments “All workers and employers should take note of our experience with the International Brotherhood of Teamsters and worry.”
Trucker Yellow Shuts Down, to File for Bankruptcy, 3 Years after $700-Million Government Bailout that Stank to High Heaven by Wolf Richter • Jul 29, 2023 • 158 Comments Executive officers, directors, and Teamsters benefited from the bailout. So get it over with, finally.
Trucking Skids Down Other Side of Pandemic Boom. Freight Rates, Per-Mile Rates, Diesel Partially Unwind their Spikes by Wolf Richter • May 15, 2023 • 40 Comments But freight rates only unwound one-third of Pandemic Spike.
Consumers, Governments Spent like Drunken Sailors in Q1. Private Investment Plunge & Inventory Change Dogged GDP by Wolf Richter • Apr 27, 2023 • 71 Comments Americans came out of their funk they’d been in late last year. They’re 70% of GDP. They blew money left and right; spending on durable goods spiked!
Global Supply Chain Pressure Index Drops Below Average for First Time since Aug. 2019, after Horrendous Spikes by Wolf Richter • Mar 6, 2023 • 112 Comments Inflation in goods normalized, but has exploded in services where there are no supply chain issues.
US Trade Deficit 2022: Imports, Exports of Goods and Services, by Product Category and Country by Wolf Richter • Feb 8, 2023 • 141 Comments Ugliest-ever trade deficit. But US exports grew to $2 trillion, 10% was crude oil & petroleum products. Pharma & industrial machinery exports were #3 and #4.
Are Tech Layoffs in San Francisco and Silicon Valley the Latest Hit to Bay Area Rapid Transit (BART)? by Wolf Richter • Jan 9, 2023 • 100 Comments BART was already “facing a fiscal cliff” after working from home and driving to work caused revenues to collapse.
Truck Congestion at Worst Bottlenecks (MPH), Barge Rates on the Mississippi (WHOOSH), China-US Container Freight Rates by Wolf Richter • Dec 30, 2022 • 100 Comments Three tidbits with charts from the Transportation Statistics Annual Report 2022.
