The Big Picture

MAY 16, 2025

He left the transportation industry in 1991 to perform full-time research on his investment models prior to launching Bridgeway in 1993. John holds a Bachelor of Science in Engineering, a BA in Philosophy from Swarthmore College, and graduate degrees from MIT and Harvard Business School.

Management 162

Management Portfolio Management Transportation Engineering 162

Calculated Risk

MAY 2, 2025

Employment continued to trend up in health care, transportation and warehousing, financial activities, and social assistance. From the BLS: Employment Situation Total nonfarm payroll employment increased by 177,000 in April, and the unemployment rate was unchanged at 4.2 percent , the U.S. Bureau of Labor Statistics reported today.

Transportation 147

Transportation Government 147

Calculated Risk

DECEMBER 2, 2022

Employment declined in retail trade and in transportation and warehousing. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, health care, and government.

Transportation 363

Transportation Retail Government Numbers 363

Calculated Risk

APRIL 22, 2024

The Department of Transportation (DOT) reported : • Travel on all roads and streets changed by +2.0% (+4.8 This is something I check occasionally. billion vehicle miles) for February 2024 as compared with February 2023. Travel for the month is estimated to be 240.2 billion vehicle miles. • billion miles, a +1.4% ( +3.9

Transportation 278

Transportation 278

Wealth Management

AUGUST 10, 2022

But if everybody -- including the warehousing community, all the other modes of transport -- moved to 24/7, or something more than today, that makes logical sense that you could move much more cargo in the same period of time.”

Transportation 240

Transportation 240

Calculated Risk

MARCH 8, 2024

Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing. From the BLS : Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent , the U.S. Bureau of Labor Statistics reported today.

Transportation 328

Transportation Food Government 328

Calculated Risk

JUNE 26, 2023

Here is a mid-year look at four indicators: -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. I stopped the weekly updates of high frequency indicators at the end of 2022. This data is as of June 25th. Click on graph for larger image.

Transportation 352

Transportation Numbers Sales 352

Abnormal Returns

OCTOBER 16, 2024

marknewfield.substack.com) Housing and transport are your two biggest expenses. (financialducksinarow.com) IRS Direct File is expanding to more states in 2025. axios.com) Personal finance Financial success is simple in theory, difficult in implementation. Get that right first.

Transportation 288

Transportation Insurance Retirement Accounting 288

Calculated Risk

NOVEMBER 7, 2022

It was interesting to watch these sectors recover as the pandemic impact subsided. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. These indicators are mostly for travel and entertainment. This data is as of November 6th. Click on graph for larger image.

Economy 343

Economy Transportation Numbers Sales 343

Calculated Risk

AUGUST 8, 2022

Notes: I've added back gasoline supplied to see if there is an impact from higher gasoline prices. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. It is interesting to watch these sectors recover as the pandemic subsides. This data is as of August 7th. Click on graph for larger image.

Economy 351

Economy Transportation Numbers Sales 351

Calculated Risk

SEPTEMBER 12, 2022

Notes: I've added back gasoline supplied to see if there is an impact from higher gasoline prices. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. It is interesting to watch these sectors recover as the pandemic subsides. This data is as of September 11th. Click on graph for larger image.

Economy 363

Economy Transportation Numbers Sales 363

Calculated Risk

JANUARY 5, 2024

Employment continued to trend up in government, health care, social assistance, and construction, while transportation and warehousing lost jobs. From the BLS : Total nonfarm payroll employment increased by 216,000 in December, and the unemployment rate was unchanged at 3.7 percent , the U.S. Bureau of Labor Statistics reported today.

Transportation 310

Transportation Government 310

Calculated Risk

SEPTEMBER 26, 2022

Notes: I've added back gasoline supplied to see if there is an impact from higher gasoline prices. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. It is interesting to watch these sectors recover as the pandemic subsides. This data is as of September 25th. Click on graph for larger image.

Economy 345

Economy Transportation Numbers Sales 345

Calculated Risk

SEPTEMBER 5, 2022

Notes: I've added back gasoline supplied to see if there is an impact from higher gasoline prices. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. It is interesting to watch these sectors recover as the pandemic subsides. This data is as of September 4th. Click on graph for larger image.

Economy 351

Economy Transportation Numbers Sales 351

Abnormal Returns

JULY 12, 2024

theverge.com) Transport How Canada became the car theft capital of the world. (advisorhub.com) AI LLMs are in a way still looking for product-market fit. ben-evans.com) Doctors and insurers are dueling each other with AI. nytimes.com) Product reviews are getting the AI treatment. bbc.com) Italy has half of the global market for luxury yachts.

Financial Advising 274

Financial Advising Transportation Insurance Media 274

Calculated Risk

SEPTEMBER 25, 2023

Here is a late September look at four indicators: -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. I stopped the weekly updates of high frequency indicators at the end of 2022. This data is as of September 24th. Click on graph for larger image.

Transportation 321

Transportation Numbers Sales 321

The Big Picture

NOVEMBER 20, 2022

The 70,000+ individual sites — including specific power plants, steel mills, urban road networks, and oil and gas fields — represent the top known sources of emissions in the power sector, oil and gas production and refining, shipping, aviation, mining, waste, agriculture, road transportation, and the production of steel, cement, and aluminum.”

Transportation 275

Transportation Accounting 275

Calculated Risk

AUGUST 23, 2022

The Department of Transportation (DOT) reported : Travel on all roads and streets changed by -1.7% (-4.8 This is something to watch with higher gasoline prices. billion vehicle miles) for June 2022 as compared with June 2021. Travel for the month is estimated to be 282.1 billion vehicle miles. billion miles, a -1.80% ( -4.8

Transportation 242

Transportation 242

Abnormal Returns

JUNE 13, 2024

Books A Q&A with Wes Marshall author of "Killed by a Traffic Engineer: Shattering the Delusion That Science Underlies Our Transportation System." bloomberg.com) Lessons learned from Zoë Schlanger's “The Light Eaters: How the Unseen World of Plant Intelligence Offers a New Understanding of Life on Earth.”

Transportation 248

Transportation Engineering Economics Marketing 248

Abnormal Returns

FEBRUARY 7, 2024

wsj.com) Spending High housing and transportation costs will wreck your finances. (crr.bc.edu) The issues that ensue when one spouse goes into a nursing home. nytimes.com) A record number of Americans are going to turn 65 over the next few years. awealthofcommonsense.com) Don't borrow for discretionary purchases.

Retirement 289

Retirement Transportation Taxes Distribution 289

Calculated Risk

AUGUST 1, 2022

Apple has discontinued "Apple mobility", and restaurant traffic is mostly back to normal. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. Notes: I've added back gasoline supplied to see if there is an impact from higher gasoline prices. This data is as of July 31st.

Economy 360

Economy Transportation Numbers Sales 360

The Big Picture

NOVEMBER 23, 2023

That’s because these forms of transport – collectively known as electric micromobility – are cheaper to buy and run.

Transportation 264

Transportation Food Economy Management 264

Calculated Risk

FEBRUARY 26, 2023

Here is a look at two indicators that were still below pre-recession levels as of last December. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. I stopped the weekly updates of high frequency indicators at the end of 2022. This data is as of February 24th. Click on graph for larger image.

Transportation 243

Transportation Numbers Sales 243

Trade Brains

JULY 2, 2025

It builds infrastructure like buildings, transportation systems, and power distribution networks. HAL’s products include combat aircraft, transport aircraft, trainers, utility helicopters, cryogenic engines, and a variety of advanced flight control systems.

Engineering 100

Engineering Manufacturing Transportation Distribution 100

Calculated Risk

SEPTEMBER 6, 2023

Worker retention improved in several Districts, but only in certain sectors such as manufacturing and transportation. Though hiring slowed, most Districts indicated imbalances persisted in the labor market as the availability of skilled workers and the number of applicants remained constrained.

Manufacturing 298

Manufacturing Transportation Retail Sales 298

The Big Picture

FEBRUARY 22, 2025

The major costs of living, like housing, energy, and transportation are not particularly expensive compared to other highly-developed countries. There are few left to trust. Echo Beach ) Why Japan Succeeds Despite Stagnation : For more than three decades, Japan has endured near-complete economic stagnation.

Transportation 162

Transportation Economics Media Economy 162

Calculated Risk

AUGUST 22, 2022

Notes: I've added back gasoline supplied to see if there is an impact from higher gasoline prices. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. It is interesting to watch these sectors recover as the pandemic subsides. This data is as of August 21st. Click on graph for larger image.

Economy 297

Economy Transportation Numbers Sales 297

Mish Talk

DECEMBER 9, 2022

Leading the November increase, prices for final demand services less trade, transportation, and warehousing climbed 0.4 Prices for final demand transportation and warehousing services declined 0.9 Prices for transportation of passengers (partial) fell 5.6 Prices for arrangement of freight and cargo transportation dropped 15.2

Food 187

Food Transportation Retail Advertising 187

Calculated Risk

SEPTEMBER 7, 2022

Demand for transportation services was mixed and reports on agriculture conditions across reporting Districts varied. Loan demand was mixed; while financial institutions reported generally strong demand for credit cards and commercial and industrial loans, residential loan demand was weak amid elevated mortgage interest rates.

Sales 246

Sales Transportation Food Economics 246

Calculated Risk

APRIL 27, 2023

Within exports, an increase in goods (led by consumer goods, except food and automotive) was partly offset by a decrease in services (led by transport). Within services, the increase was led by health care and food services and accommodations. Within federal government spending, the increase was led by nondefense spending.

Transportation 188

Transportation Government Food Engineering 188

Calculated Risk

OCTOBER 24, 2022

It is interesting to watch these sectors recover as the pandemic subsides. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. These indicators are mostly for travel and entertainment. This data is as of October 23rd. Click on graph for larger image.

Economy 265

Economy Transportation Numbers Sales 265

Calculated Risk

OCTOBER 31, 2022

It is interesting to watch these sectors recover as the pandemic subsides. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. These indicators are mostly for travel and entertainment. This data is as of October 30th. Click on graph for larger image.

Economy 264

Economy Transportation Numbers Sales 264

Mish Talk

NOVEMBER 15, 2022

Prices for final demand transportation and warehousing services moved down 0.2 The index for final demand services less trade, transportation, and warehousing increased 0.2 Leading the October advance, prices for services less trade, transportation, and warehousing for intermediate demand climbed 0.5 percent.

Transportation 181

Transportation Food Retail Advertising 181

Calculated Risk

AUGUST 29, 2022

Notes: I've added back gasoline supplied to see if there is an impact from higher gasoline prices. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. It is interesting to watch these sectors recover as the pandemic subsides. This data is as of August 28th. Click on graph for larger image.

Economy 263

Economy Transportation Numbers Sales 263

Abnormal Returns

SEPTEMBER 28, 2024

wsj.com) Transport Are blended-wing aircraft the future of travel? (fastcompany.com) Hacking a Kia is surprisingly simple. wired.com) Why thieves are not targeting EVs. axios.com) Keeping a Tesla ($TSLA) Cybertruck clean isn't easy. ft.com) What freight moves by rail in the U.S. sherwood.news) How nuclear microreactors work.

Financial Advising 274

Financial Advising Transportation Medical Engineering 274

Calculated Risk

OCTOBER 19, 2022

Activity in transportation services was mixed, as port activity increased strongly whereas reports of trucking and freight demand were mixed. Manufacturing activity held steady or expanded in most Districts in part due to easing in supply chain disruptions, though there were a few reports of output declines.

Sales 242

Sales Transportation Retail Economics 242

The Big Picture

MARCH 30, 2023

Rather than just focus on the negative, let’s discuss the positives that have shown up recently in the state of transportation and public facilities over the past 5 years: LaGuardia Airport : It may surprise you to learn that America’s worst airport is now its best.1

Transportation 305

Transportation 305