Last time I wrote on this I pointed out that transportation was the element of Equipment and Software that saw the biggest fall off. I speculated that is was some combination of autos and aircraft.
Now I have yearly data and we can see for sure who the culprit is – overwhelming its autos and trucks.
Here are the major components of Transportation Investment
The light brown is Light Trucks. It literally goes from first-to-worst From a peak of $75 Billion in 2006 to a tough of $4 Billion in 2009. Autos in red were the same but less so. As were buses and tractor trailers in light green.
The combined fall in those three categories was a little over $200 Billion. The combined fall in all investment in E&S was a little less than $300 Billion.
So the bulk was auto, trucks, buses and tractor trailers.