“Uneven” Freight Recovery after New Covid Outbreaks: Daily Truck Trips Already Fell 10% Since June 25 by Wolf Richter • Jul 17, 2020 • 143 Comments Was June as Good as It’s Going to Get in the Pandemic Era?
This Better Be the Bottom for the Goods-Based Sector in the US by Wolf Richter • Jun 17, 2020 • 84 Comments It’s going to be a tough slog forward.
First the Freight Recession, Now Covid-19: Trucking & Rail Freight Collapses. Is This the Bottom? by Wolf Richter • May 13, 2020 • 55 Comments YRC, one of the largest less-than-truckload carriers, wheezes under the strain.
From Panic-Buying to Lockdowns of Eateries & Manufacturing: Truckers, Railroads Face Supply Chain Turmoil, Spikes & Plunges by Wolf Richter • Apr 14, 2020 • 168 Comments “There has been a clear divide between winners and losers.”
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 • 100 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?
US Freight Shipments Skid Below 2014 Level, Hit by the Slowdown in Industrial, Manufacturing & Construction by Wolf Richter • Nov 15, 2019 • 76 Comments Efforts to frontrun tariffs was part of it. But now, there’s more to it.
Dual-Track Economy: Slowdown in Industrial Sectors Hits Truckers & Railroads. But Consumers Are Still Buying Stuff by Wolf Richter • Oct 14, 2019 • 30 Comments The hangover after the tariff-front-run boom last year.
Light at End of Tunnel or Oncoming Train for the Goods-Based Economy? by Wolf Richter • Sep 15, 2019 • 54 Comments What US Freight Shipments and Pricing Say About the Slowdown.
