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Industrials Drop on Freight-Cost Worries
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Shares of industrial and transportation companies fell sharply due to concerns over inflation from geopolitical events in the Middle East. Additionally, Enviva, the largest U.S. wood pellet exporter, missed a $24 million payment to its bondholders, and the New York Federal Reserve's Empire State Business Index plunged in January.
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How might the fall in shares of industrial and transportation companies impact the overall economy?
What factors contribute to the decline in the Empire State Business Index?
What steps can Enviva take to address its debt obligations?
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