To fight floods: New York City rebuilds a wall of oysters.
Everyone’s moving to Texas. Here’s why.
Why do weeks have seven days?: The seven-day week has survived for millennia, despite attempts to make it less chaotic.
Modern monetary theory isn’t the future: It’s here now.
California port truckers ‘drowning’ in supply chain inefficiencies.
More supply chain problems: Christmas tree buyers face reduced supplies, higher prices
Flexport’s new Ocean Timeliness Indicator measures the amount of time taken to ship freight from the point at which cargo is ready to leave the exporter to when it is collected from its destination port. The ocean shipping world tends to run along “trade lanes.” The two biggest ones carry goods from Asia to North America, and from Asia to Europe. The OTI captures timeliness on each of these. The Transpacific Eastbound (TPEB) measure hit its longest on record in the last week of November while the Far East Westbound (FEWB) measure is near its October high.
Econ Dev Show Newsletter
Join the newsletter to receive the latest updates in your inbox.