More Shifts in the Year of the Plague: Driving Plunged even as Mass Transit Ridership Collapsed by Wolf Richter • Feb 25, 2021 • 87 Comments “L-shaped recovery” for mass transit. Per person, vehicle miles were already in long-term decline since 2003. Than came 2020.
The Growing Pains of Brexit, 50 Days In by Nick Corbishley • Feb 23, 2021 • 121 Comments The crucial services exports, manufacturing exports and imports, the arts & entertainment industry, fishing industry… it’s a mess.
Shipping Costs, Trucking Rates Soar Despite Demand Below Prior Years. Now Add Diesel Price Surge to the Mix by Wolf Richter • Feb 19, 2021 • 75 Comments Inflation worming through various levels of the economy despite suboptimal demand.
Electric Delivery Vans in Era of Red-Hot Ecommerce Confront Legacy Automakers with New Deep-Pocket Competition by Wolf Richter • Feb 15, 2021 • 127 Comments Amazon, UPS, and FedEx, in search of cost savings, partnered with startups that are now rolling out electric vans. Has Ford, the leader in vans, dropped the ball?
Demand for Gasoline, Jet Fuel, and Diesel: Checking on the Recovery by Wolf Richter • Feb 11, 2021 • 139 Comments Watching for the EV drag on gasoline demand requires a lot of patience.
One Year After the Collapse of the Airline Business Began: What’s the Status Now? by Wolf Richter • Feb 8, 2021 • 126 Comments Still collapsed revenues, astronomical losses, red-hot cash-burn, hellish new piles of debt. Meanwhile, amid craziest markets ever, airline shares soared.
US Trade Deficit in 2020 Worst since 2008, Goods Deficit Worst Ever Despite First Ever Petroleum Surplus. Services Surplus Drops Again by Wolf Richter • Feb 8, 2021 • 174 Comments But the Trade Fiasco with China was the least terrible since 2013.
Despite Terrible US Economy in 2020, Workers of Mexican Descent Sent Most Dollars Ever Back to Mexico by Nick Corbishley • Feb 4, 2021 • 91 Comments Against expectations, the feared plunge in remittances, as during the US Housing Bust, did not occur. For interesting reasons. Weirdest Economy Ever.
Eurostar Near Collapse, Asks for Bailout, Becomes Hot Potato by Nick Corbishley • Jan 23, 2021 • 135 Comments Traffic down 95%. To run out of money by April.
Massive Inflation in Shipping Costs. And the Reasons by Wolf Richter • Jan 16, 2021 • 145 Comments Rates for trucking, ocean containers, airfreight, parcels, you name it, the costs for shipping consumer & industrial goods are surging.
