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CHICAGO -- One sector of the economy that skyrocketed as the pandemic hit is now seeing global shortages. Demand for bikes is nearing all-time highs. And if you’re in the market for a new two-wheeler, it may be months before you can wrap your fingers around some handlebars.Bicycles seem to be everywhere, unless you’re trying to buy one.At Edgebrook Cycle & Sport in Chicago, bikes have become a hot commodity during the pandemic.“It has been off the charts. It's unprecedented,” said owner Jim Kirsten.So much so that there’s a critical shortage, not just in the Windy City, but everywhere.“We have about 10% of our usual inventory and our service work which you see kind of surrounding me here is about 300% where it normally is,” said Kirsten.In fact, bike racks at retail giants like Walmart, Target and Dick’s Sport Goods are almost completely bare.Online vendors like Torrance, California-based Sixthreezero say demand for their bikes has jumped 800%. They’ve had to triple their staff to handle the increased interest.April sales for traditional bikes, indoor bikes, and other accessories grew by 75% compared to the same time last year and reached billion for the first time in a single month.Industry experts say commuters abandoning public transportation, gym closures and the search for socially distanced recreation created a perfect storm.Today’s bike boom, they say, is one not seen since the oil crisis of the early 1970s.“Mid to low price bicycles are just wiped out across the country,” said Jay Townley, a consultant with Human Powered Solutions. Townley spent much of his 60-year career at Schwinn and as president of Giant Bicycle Company.“Along with new bike sales, bicycle repair has skyrocketed. There are a lot of shops if you call around the shops in your area, you'll find a lot of them are weeks out for repair,” he said.Townley says the U.S. bicycle market is import dependent with more than 90% coming from China.Punitive trade tariffs, supply chain disruptions and lackluster 2019 sales caught manufacturers off guard and forecasts didn’t predict the increased demand accelerated by the pandemic.“Now, we're in a phase where we're trying to get that pipeline to replenish those inventories and that's going to be extremely difficult as we go forward,” said Townley.It could be late fall before supply catches up to demand. In the meantime, buying used may be the best way to pedal forward. 2431
BUFFALO, N.Y. (WKBW) — The U.S. International Development Finance Corporation says a deal Eastman Kodak landed to bolster US-produced drug supply is now on hold due to "recent allegations of wrongdoing."It was announced July 28 that Kodak would receive a 5 million federal loan to aid the U.S. in reducing its reliance on other countries for ingredients used in generic drugs.“We must never be reliant on a foreign nation for America’s medical or other needs,” President Donald Trump said at the White House.Kodak's stock price surged prior to the announcement being made, which led to questions of the possibility of insider trading.The Wall Street Journal is reporting the SEC has opened a probe.In a tweet Friday, the DFC released a statement saying in part that it will not proceed further until the allegations of wrongdoing are cleared. 853
BUFFALO, N.Y. (WKBW) — Cars and the coronavirus are two things that have not meshed well. It's creating what is now called a "COVID Car." "COVID cars are cars that have been sitting around for a long time and the batteries do not work," Bob Gugino, owner of Bison Automotive said. Gugino says he has seen a number of cars with similar issues with rotting brakes, dead batteries and severe neglect. "Every day people are working more and more from home so this is a consequence of that," Gugino said. These consequences of cars just sitting around are happening to vehicles of all ages. "All cars, whether new or old," Gugino said, "It affects the older ones a little bit more but every car, if it's not run, can have the battery die and the brakes rot out."The best way to make sure that does not happen? Drive your car around even if you don't plan on going anywhere. "Get the car up and go for a ride," Gugino said, "You need 20-25 minutes of driving."This story originally reported by Jeff Slawson on WKBW.com. 1022
CAMPO, Calif. (KGTV) -- Customers of the Campo Group Water System are being advised that the county has issued a drinking water warning after samples found increased levels of nitrates.Sample results found that on September 2, 2020, nitrate levels exceeded the maximum contaminant level for safe drinking water.The group serves a mini mart, gasoline station, and an office, according to the county.Nitrates in drinking water are a health concern for infants less than six-months-old and pregnant women are advised not to consume the water.“Boiling, freezing, filtering, or letting water stand does not reduce the nitrate level,” the county said.The Campo Group Water System is providing bottled water until nitrate levels fall below the maximum contaminant level, the county said. 788
CAMPO, Calif. (KGTV) - U.S. Border Patrol agents stopped a “brazen” smuggling attempt Wednesday at the U.S.-Mexico fence in East San Diego County, officials said. Agents near Campo reported the incident Wednesday at 3:45 p.m. when a Dodge 4500 utility truck crossed into the U.S. Fifteen minutes later, agents saw a man who had a truck matching the suspect vehicle, using bolt cutters trying to cut the lock of a South Bay resident’s private gate. Agents tried to stop the man, but he drove off. RELATED: Border Patrol arrests teen with toy car at U.S.-Mexico borderFollowing a short pursuit, the truck stopped and everyone inside ran away, Border Patrol officials said. “A vehicle drive-thru, with overloaded and unsecured passengers, particularly in this terrain, can certainly result in a rollover accident with serious injuries and death,” said San Diego Sector Interim Chief Douglas Harrison. “The breach of this old landing mat wall is illustrative of the need for more hardened infrastructure with greater impedance and denial capabilities to keep the area secure. I’m proud of our agents’ steadfast vigilance that put a stop to this smuggling attempt.” Agents captured 16 people who admitted to entering the country illegally. The group consisted of nine men and five women from Mexico, and a man and woman from Guatemala. RELATED: Teens targeted to smuggle Fentanyl across US-MexicoThe truck’s driver, a 27-year-old Mexican citizen, will face charges, according to the Border Patrol. 1501