Why are Freight Rates Remaining Elevated Despite Sluggish Demand? RedStone Resource March 16, 2023 Inside This EditionProducer Price Indexes for Transportation Modes Mixed The truckload producer price index came in down 3.3% month-over-month (M/M) and was down 2.1% year-over-year (Y/Y). One of the stories that continues to be a factor within the PPI series is…
Volunteer travelers ride the escalator down to baggage claim after simulating arrival to the new single terminal at Kansas City International Airport. Above them is Soo Sunny Park’s “Molten Swing,” one of many local pieces of art that decorate the facility. Carlos Moreno / KCUR 89.3 Flying into the Future: Kansas City’s New Terminal Elevates…
Something is Happening: Baltic Dry Index Rebounds Sharply in February RedStone Resource March 1, 2023 Inside This EditionCDL Driver Drug Failures Continue to Rise Among those in prohibited status, 24% never go into the return to duty status and only 38% successfully move out of prohibited status and return to work. Fifty-seven percent of the…
Home Builder Sentiment Also Unexpectedly Improves in Early February RedStone Resource February 16, 2023 Inside This EditionCass Freight Indexes Mixed in January The shipments index was down 3.2% between December and January. But it was stronger year-over-year by 4.3%. On a real basis, the shipments index was comparable to the ten year average prior to…
Navigating the complex effects of COVID-19 and decreasing birth rates on China’s economy Written by Thomas Letsinger Read Time: 7 Minutes As the US continues its descent into an economic recession, other world powers are seeing similar downturns in their own economies. The Chinese government is facing historic lows in its quarterly and yearly GDP…
Personal Incomes Inch Up – Consumer Demand Remains Steady RedStone Resource February 1, 2023 Inside This EditionIndustrial Production Slips in December, But Remains Higher Year-over-Year When stripping out all but manufacturing, industrial production for manufacturing was down 1.3% M/M and was 0.5% lower year-over-year. Within manufacturing, durable goods were down 1.1% M/M but were 0.8%…
The House of Representatives holds a vote on speaker of the House on Jan. 3, the first day of the 118th Congress. Kent Nishimura/Los Angeles Times via Getty Images Supply chain management in Congress: a review of current and past bills Written by Thomas Letsinger Read Time: 5 Minutes As the new year kicks off,…
Oil Prices Rebound on China Reopening Optimism RedStone Resource January 18, 2023 Inside This EditionUS Dollar Continues to Soften There continues to be much global volatility as different regions of the world deal with different disruptive issues. From the War in Ukraine impacting markets throughout Europe to Covid impacts in China and Fed actions in…
2023 Outlook: What to Expect in the Supply Chain RedStone Resource January 4, 2023 Inside This EditionBusiness Investment Still Growing Despite surveys which show an anticipated decrease in business investment and spending, the current national data shows that there is no deceleration yet in total spending. The Census Bureau showed that business investment came in…
Twenty Countries with PMIs in Contraction – Good for US Manufacturing? RedStone Resource December 16, 2022 Inside This EditionFederal Reserve Does Not Ease Market Tension The Federal Reserve hiked interest rates by 50 basis points as expected, the Federal Funds Effective Rate is now at 4.28% and is likely to continue to increase until the…