#时事热点头条说#
Let's study the penultimate paragraph of The Economist August 12th 2023 Business "The delivery business --- Logistic nightmares --- A boom in transporting goods fizzles out".
The Economist August 12th 2023 Business
1. be cold comfort
Being cold comfort doesn't help, it doesn't work, it doesn't take comfort
Point me "Abortion fell by 6% - "It doesn't help, it doesn't work" How do you say it in English? 》Review the next ha
2. go bust
Go Bust went bankrupt
同义词：go bankrupt, fail, go under, break
Make a sentence
More than 20 companies in the district went bust during the last three months.
More than 20 companies in the region have gone bankrupt in the past three months.
Translate this passage
Optimists hope the sector will start moving again in the second half of the year, once retailers finish clearing their excess inventories and start restocking their shelves. Analysts expect UPS, whose revenues have shrunk year on year for the past three quarters, to return to growth before the end of 2023. FedEx is expected to be growing again by next year. That may well come to pass, provided the American economy continues to be surprisingly strong. But it will be cold comfort for the businesses that will have gone bust along the way.
Optimists hope that once retailers clear excess inventory and start replenishing shelves, the logistics industry could start working again in the second half of the year. Analysts expect UPS, whose year-over-year revenue has shrunk over the past three quarters, to return to growth by the end of 2023. FedEx is expected to grow again next year. If the U.S. economy continues to grow surprisingly strongly, all of this growth is poised to materialize. But that won't help companies that went bankrupt during that period.
note:
Yellow, the American trucking company giant, founded in 1924 and headquartered in Nashville, Tennessee, has more than 12,000 trucks and serves transportation and logistics to more than 800,000 customers worldwide. In July 2023, the US trucking company Yellow announced its closure and would immediately cease operations, and on August 6, it declared bankruptcy, resulting in the loss of about 30,000 employees.
The Economist August 12th 2023 Business
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