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via Zerohedge: The escalating trade war between the US and China has accelerated the synchronized global downturn. Global exports continue to collapse, and the global Purchasing Managers Index (PMI) remains … Read more
from Zero Hedge The US trucking industry had a blockbuster year in 2018, as high demand for freight allowed transportation companies to expand fleets. But since freight demand was artificial, sparked … Read more
By Patrick Watson Just as an army moves on its stomach, an economy moves on ships, trucks, and planes. They carry the goods whose purchase adds up to growth. Nowadays … Read more
by WARREN MOSLER Last month’s uptick hinted at a reversal, but this month’s large move back down says otherwise: Still rolling over, and from depressed levels relative to prior cycles, … Read more
Specifically, TAC Indices, the premier provider of Air Cargo rates around the world, shows Hong Kong to North America air freight rate in Hong Kong dollars versus per kilogram collapsed … Read more
Case Freight Index detailing US slowdown pic.twitter.com/VpeMcUmjGw — Alastair Williamson (@StockBoardAsset) May 14, 2019 looks like the whole trade is starting to unwind pic.twitter.com/Sx5YJyyX3Z — Alastair Williamson (@StockBoardAsset) May 14, … Read more
by WARREN MOSLER Tax Reform Exacerbates Sales Cooldown in the U.S. (WSJ) U.S. tax reform has exacerbated a gradual cooldown in U.S. home sales over the past year in certain … Read more
by WARREN MOSLER Truckers Cut Payrolls As Freight Demand Softens Funding pensions reduces aggregate demand: The Long Bull Market Has Failed to Fix Public Pensions Long term loans to … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The services sector better hang in there. Now it’s the third month in a row, and the red flag is getting more visible and a little … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Something has to give. Starting to be a fascinating phenomenon: Rates charged by trucking companies and other transportation providers continue to surge on a year-over-year basis … Read more
Is there a more deflationary chart than the Baltic Dry Index of global freight rates? pic.twitter.com/3XajzZVIzY — David Rosenberg (@EconguyRosie) February 5, 2019 Chart: US non-manufacturing export orders (weak!!!!!) pic.twitter.com/5qHTFXW7je … Read more
by WARREN MOSLER So for every agent that spent less than its income, another must have spent more than its income, or the output would not have been sold. It’s … Read more
A freight train derailment that resulted in a large explosion and fire has forced some residents of an Indiana town to evacuate. Authorities are still struggling to contain the blaze … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The Transportation Boom after the Transportation Recession. The Cass Truckload Linehaul Index, which tracks per-mile full-truckload pricing but does not include fuel and fuel surcharges – and therefore … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Shipment volumes in the US by truck, rail, air freight, and barge combined surged 11.9% year-over-year in March, according to the Cass Freight Index. This pushed … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Pricing power has erupted…” The transportation industry, particularly trucking, has benefited from the rise in retail spending in the fourth quarter and in much of 2017. … Read more