Amazon Prime Shopping Day Hits Record – But is This a Good Thing? RedStone Resource July 17, 2023 Inside This EditionPeak Season Inbound Estimates The National Retail Federation and Hackett and Associates are predicting that inbound containers from July through November will be down 4.5% from last year’s volumes. The estimate by the NRF shows…
Second Quarter Economic Growth Driven by Consumption RedStone Resource June 30, 2023 Inside This EditionInventories Still Elevated in Latest Data Snapshot Current data shows 65.1% of the nation’s product-moving sectors are in an overstock situation relative to the decade prior to the pandemic. Using the inventory-to-sales-ratios for specific sub-sectors in the economy, approximately 11.3% are…
Hot Durable Goods Sectors Prop Up Freight Sectors for Big-Ticket Items RedStone Resource June 15, 2023 Inside This EditionGlobal Supply Chain Pressures Index Declines Further in May The New York Federal Reserve and AMEC’s Global Supply Chain Pressures Index hit its lowest reading in the history of the series dating back to before 1998. At…
What happens now after the debt ceiling bill is passed? Special Edition RedStone Resource June 6, 2023 At the time of writing this piece, a deal on a debt ceiling increase was “close”. The reported deal would cap spending on most items for two years, increase defense spending by 12% from 2023 to 2025, and…
Oil and Diesel Prices Continue to Ease RedStone Resource June 1, 2023 Inside This EditionOil and Diesel Prices Continue to Ease West Texas Intermediate prices have dipped below $70 a barrel (at the time of writing) on weaker global demand outlooks. Oil inventories in the United States were trending in the middle of the 5-year…
West Coast Labor Negotiations Reach Tentative Agreement RedStone Resource May 15, 2023 Inside This EditionGlobal Purchasing Activity Still Strong, But Being Driven by Services Demand The global PMI released by S&P Global showed it at 54.2 in April which was a bit higher than 53.4 in March. But still, this is incredibly strong. The problem…
Banking Situation and Impact on Supply Chain Management RedStone Resource May 5, 2023 Inside This EditionOil Prices Fall Sharply on Economic Risk, Impact on Transportation Oil prices were falling at the time of writing, falling to $68.16 a barrel (for West Texas Intermediate). This is down 15.1% year-to-date and was 23% lower than last year…
Petroleum Prices to Become More Volatile RedStone Resource April 17, 2023 Inside This EditionFederal Reserve Likely to Continue to Hike Rates, Which Could Impact Inventories The Federal Reserve is likely to hike interest rates at least one more time, analysts believe that the Fed will hike 25 basis points more in its next meeting to…
Labor Negotiations to Take Center Stage RedStone Resource March 31, 2023 Inside This EditionStill Watching Growth in the Baltic Dry Index for Signs of Global Pickup in Activity By the end of March, the BDI was up 27.7% over the past 30 days but remains 40.5% lower than it was at this time last year.…
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…