MEANWHILE BACK AT THE RANCH
Home foreclosures are likely to keep climbing throughout 2010. We are at the highest level since records were started in 1972. Isn’t amazing we are being told in California the median price is rising so therefore things are improving. The median price is rising because the first affected were the sub-prime mortgage first time home [...]
NEARLY 15% OF THE WORLD’S CARGO SHIPS ANCHORED EMPTY OFF THE COAST OF SINGAPORE
Over 500 modern container and bulk ships are anchored off the coast of Singapore. This is the busiest time of the year for shipping and in fact for many years shippers pay a freight premium to ensure their goods are delivered in time for the busy Christmas season. Not so anymore. It appears the shipping [...]
IT IS BECOMING A CROWDED MARKET
Something has to give. There is no question all cargo-combination, especially Asian carriers, are very worried right now. How are their fleets going to be deployed now China is slowing to a crawl and the world is starting to look inwards for its very survival? It is now becoming clear that globalization has not attained [...]
NO CHRISTMAS RUSH THIS YEAR
Thanks to Mr. Bush and his allies who were responsible for the Wall Street melt down, our industry is also now facing a very tough times. Starting with DHL at the top, all multi-national forwarders will be handing out Pink Slips and final paychecks as Christmas presents to much of their workforce as their revenues [...]
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