Countless headlines over the past few decades have recounted a story of American industry in decline. But media coverage has almost entirely overlooked a resurgence that’s well underway.
The U.S. has imported more goods from Europe than from China in 2022, pushing East Coast ports ahead of their West Coast counterparts in import volumes
Though the vast majority of the country’s population has already been vaccinated, Chinese authorities have relied on locally developed shots like those from state-backed Sinopharm and Sinovac.
People increasingly want to spend their money in stores, which is bad news for parcel and last-mile delivery companies that benefitted from the online-shopping boom.
Recent COVID outbreaks and the “complicated international environment” mean that “arduous efforts” will be needed to ensure economic growth stays on track in the fourth quarter.
Cargo volume at the Port of Los Angeles dropped in October as the Port handled 678,429 Twenty-Foot Equivalent Units (TEUs), a 25% decrease from October 2021.