Healthcare Administrative Costs Per Capita by Country: Chart

The US healthcare system is the most expensive in the world. Such high spending does not necessarily lead to superior outcomes. The deaths of more than a million Americans in the covid pandemic is one evidence of that. One important factor that drives the cost of healthcare in the country is administrative costs due to the mind-boggling complexities of the healthcare system. Administrative costs do not help the patient’s cure or well-being. It involves everything from highly compensated executives in hospitals to care deniers in insurance companies to thousands of people doing the billing, etc. This waste costs the country more than three times from the next spender on administrative costs as shown in the chart below:

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Source: How Does the US Healthcare System Compare to Other Countries, Peter G. Peterson Foundation

The Top Logistics Companies in the US 2021: Infographic

Logistics is one of the major industries in the US helping to drive the consumer-based economy. The Top Logistics Companies in the US based on net revenue in 2021 are shown in the chart below:

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Source: Freight Waves

Some of the publicly traded companies from the above list are:

  • United Parcel Service, Inc. (UPS)
  • GXO Logistics Inc (GXO)
  • Expeditors International of Washington Inc (EXPD)
  • J B Hunt Transport Services Inc (JBHT)
  • Ryder System, Inc (R)
  • CH Robinson Worldwide Inc (CHRW)
  • Penske Automotive Group, Inc (PAG)
  • XPO Logistics Inc (XPO)
  • Schneider National, Inc (SNDR)

Disclosure: No positions

On The Performance of Foreign Foreign Bank Stocks Year-to-Date

Most of the exchange-listed foreign banks trading on the US exchanges are down so far this year in line with the overall market conditions in the equity markets. As expected, European banks are in the deep red while emerging market banks especially in Latin America have performed very well. European lender Credit Suisse(CS) is the worst performer with a loss of nearly 47%. Brazilian banks are some of the top performers with Itau Unibanco(ITUB) gaining over 35% year-to-date. In general, Brazilian equities are on the upswing with investors expecting major changes after the general elections in October this year. The last time the equity market had a great bull run was when Lula was President.

The following table shows the year-to-date returns of foreign bank stocks:

S.No.Bank NameTickerEnding Price on Sept 2, 2022Year-to-Date Change(%)Country
1Itau UnibancoITUB$5.0735.20%Brazil
2Banco de ChileBCH$20.1328.13%Chile
3Itau CorpbancaITCB$3.5823.45%Chile
4ICICI BankIBN$21.8410.36%India
5Banco BradescoBBD$3.687.60%Brazil
6Banco Santander BrasilBSBR$5.767.26%Brazil
7Banco MacroBMA$14.916.35%Argentina
8Banco BradescoBBDO$3.003.45%Brazil
9Banco Santander ChileBSAC$16.742.76%Chile
10HSBCHSBC$30.591.46%United Kingdom
11Banco BBVA Argentina S.A.BBAR$3.15UNCHArgentina
12HDFC BankHDB$61.98-4.75%India
13Mitsubishi UFJ FinancialMUFG$5.08-6.96%Japan
14Grupo Financiero GaliciaGGAL$8.54-10.01%Argentina
15Bancolombia - PrefCIB$28.23-10.64%Colombia
16Mizuho FinancialMFG$2.27-10.98%Japan
17Sumitomo Mitsui FinancialSMFG$6.02-11.34%Japan
18Shinhan FinancialSHG$25.61-17.15%Korea
19Woori Financial Group Inc.WF$25.12-21.82%Korea
20Lloyds Banking GroupLYG$1.96-23.14%United Kingdom
21KB Financial GroupKB$35.21-23.72%Korea
22Banco Bilbao Vizcaya ArgentariaBBVA$4.40-25.04%Spain
23Barclays BankBCS$7.72-25.41%United Kingdom
24Banco SantanderSAN$2.35-28.57%Spain
25Deutsche BankDB$8.27-33.84%Germany
26Credit SuisseCS$5.12-46.89%Switzerland
27NatWestNWG$5.78-13.34%United Kingdom

Note: The returns noted above are excluding dividends

Source: BNY Mellon

Investors can avoid European banks since they face major headwinds both due to internal issues and external issues such as the Ukraine war for example. Emerging market banks offer better opportunities than European banks. For instance, Colombian or Chilean or Indian banks have better growth potential than British banks which are mired in problems ranging from the most recent Brexit drama and potential recession in the country.

Disclosure: Long BCH, CIB, ITUB, BBD, BBVA, SAN and LYG

Amtrak vs. U.S. Freight Railroads: Infographic

Amtrak is the only passenger major railroad operator in the U.S. Unlike railroads in other developed countries, Amtrak is chronically a mess and most people have never traveled in its trains except the other in the east and west coasts and some long distance routes. While US freight railroads are the most efficient and most profitable in the world, the story with Amtrak is not the same. While Amtrak’s potential is huge it is mostly useless for long distance travel since it does own much of the tracks. With that said, below is a neat infographic showing some of the differences between Amtrak and US freight railroads:

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Source: FreightWaves