RUSSIA WINS THE COLD WAR
Many of us think we won the Cold War when President Reagan ordered Mr Gorbachev to tear down the Berlin Wall. However in Russia, Mr Putin and his heavies have been able convince the poor dumb populace that thanks to them America has in fact been beaten and is in a rapid state of decay. [...]
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 [...]
SO MUCH FOR GLOBALIZATION
Maersk Shipping Lines must be ruing the day they swallowed up so many of their competitors. The price of a container from China to Europe has sunk from $2,700 to just $900 because trade is drying up. China no longer has us by the short and curly. I have always stated we didn’t need their [...]
Imports Through Long Beach and Port of L.A. in a Slump
Not long ago the biggest export ex California was “air”; yes, the Californian air inside empty containers! Already for 2008, the number of containers coming into these ports from Asia is down over 10% and the silly season of September/October with the Christmas stocks hasn’t yet arrived. Consumer spending on foreign-made junk is down and [...]
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