Q3 GDP Comes in at 2.6%, Higher Than Expected but There is a Catch

Q3 GDP Comes in at 2.6%, Higher Than Expected But There is a Catch RedStone Resource November 1, 2022 Inside This EditionGlobal Supply Chain Pressures Index Still High, But Decelerating The current index came in at 1.05 (that is, 1.05 points higher than the historic average). This is well off the peak hit in December…

Could US Q3 GDP Surprise to the Upside?

Could US Q3 GDP Surprise to the Upside? RedStone Resource October 19, 2022 Inside This EditionUS Dollar Continues to Build Strength The US dollar index is at its highest levels since 2002. A combination of the US Federal Reserve hiking interest rates and global flight to safety has pushed the dollar higher. The impacts can…

Hurricane Ian Could Have Damaged More Than a Million Homes

Hurricane Ian Could Have Damaged More Than a Million Homes RedStone Resource September 30, 2022 Inside This EditionChina’s Yuan Hits Lowest Levels Against the Dollar Since 2008 Currencies around the world are generally falling against the dollar as the US Federal Reserve hikes interest rates. The Chinese yuan has lost 10.7% against the dollar since…

US Consumer Continues to Spend

US Consumer Continues to Spend RedStone Resource September 16, 2022 Inside This EditionFalling Maritime Rates as Global Supply Chain Faces Continuing Hurdles Maritime rates around the world continued their deceleration trend as China and Europe both start to face industrial production challenges. The global supply chain situation is getting more complex by the week as…

China’s Drought Intensifies, Rekindles Global Supply Chain Uncertainty

China’s Drought Intensifies, Rekindles Global Supply Chain Uncertainty RedStone Resource September 2, 2022 Inside This EditionCass Freight Shipments Index Shows Mixed Conditions in July The Cass Freight Shipments Index showed some mild deceleration in July, slipping by 1.7% month-over-month. However, it was still trending just slightly higher on a year-over-year basis rising by 0.4% Drug…

Global Supply Chain Pressures Index Remains High for Shippers

Global Supply Chain Pressures Index Remains High for Shippers RedStone Resource August 17, 2022 Inside This EditionGlobal Supply Chain Pressures Index Remains High for Shippers The New York Federal Reserve released its latest Global Supply Chain Pressures Index and it came in at 1.84, which is still historically high when compared to data stretching back…

Global Maritime Shipping Rates Easing, But Remain Historically High

Global Maritime Shipping Rates Easing, But Remain Historically High RedStone Resource August 3, 2022 Inside This EditionGlobal Maritime Shipping Rates Easing, But Remain Historically High There are many sources showing a year-over-year chart of containerized shipping rates between Asia and the US and those charts show the rate plummeting. But this, and many metrics across…

Cass Freight Index Shows Shipments Remain Steady

Cass Freight Index Shows Shipments Remain Steady RedStone Resource July 19, 2022 Inside This EditionChina’s Yuan Hits Lowest Levels Against the Dollar Since 2008 The June Supply Chain Pressures Index produced by the New York Federal Reserve still came in hot for June, despite some slight deceleration from May levels. The reopening of China in…

Despite China COVID Lockdowns Earlier, Container Volumes Still Near Record Levels

Despite China COVID Lockdowns Earlier, Container Volumes Still Near Record Levels RedStone Resource July 1, 2022 Inside This EditionContainer Freight Rates Dropping, Still Historically Elevated There are many questions about the drop in freight rates to ship containers between key ports around the world. Obviously, economic slowing is partly at play here. But the other…

Federal Reserve Hikes Rates 75 Basis Points

Federal Reserve Hikes Rates 75 Basis Points RedStone Resource June 17, 2022 Inside This EditionInventory to Sales Ratios Remain Balanced The latest data on the inventory to sales ratio for most sectors of the freight economy came in slightly higher than prior, but they remain historically lower. For instance, the national inventory to sales ratio…

Manufacturing Remains Stable in May

Manufacturing Remains Stable in May RedStone Resource June 2, 2022 Inside This EditionConsumer Confidence Softens Slightly in May There are several different consumer confidence measures in the industry, but the one from the Conference Board is a good representation of a stable measure that has been reactive to various economic conditions over the years. The…

Could Diesel Shortages Be the Next Crisis?

Could Diesel Shortages Be the Next Crisis? RedStone Resource May 18, 2022 Inside This EditionChina Says Could Ease Restrictions in Coming Days Promises have been made in the past by elements of the Chinese Government to start easing COVID restrictions, but there are some real signs that this could be the case. China has moved…

Rail Firms Face Pressure as Capacity is Overwhelmed by Demand

Rail Firms Face Pressure as Capacity is Overwhelmed by Demand RedStone Resource May 5, 2022 Inside This EditionRail Firms Face Pressure as Demand Overwhelms Capacity Like all industries, the rail sector is struggling to get workers back on the job after the pandemic. The supply chain and warehousing sector has 1.8 million jobs open in…

Texas Eases Cross-Border Manual Inspection Mandates

Texas Eases Cross-Border Manual Inspection Mandates RedStone Resource April 20, 2022 Inside This EditionUS Business Inventories Remain Too Low Across Most Sectors The US inventory-to-sales-ratios (ITSR) were updated recently and most of them remain “too low” compared to historic levels. Total business ITSRs were still sitting at lows that would keep the global supply chain…

China’s Manufacturing Sector Slips Back into Contraction

China’s Manufacturing Sector Slips Back into Contraction RedStone Resource April 6, 2022 Inside This EditionChina’s Manufacturing Sector Slips Back into Contraction China’s manufacturing sector serves as a leading indicator of global economic activity, and it just turned in a poor monthly report on activity. The manufacturing sector PMI came in at 48.1 in March, down…

US Reshoring and Nearshoring Trends to Accelerate?

US Reshoring and Nearshoring Trends to Accelerate? RedStone Resource May 24, 2022 Inside This EditionRaw Material Shortages Having Bigger Impact Than Expected Global metal supplies have been falling for months. Metals prices used in manufacturing and construction have surged with nickel leading the way after an investor was forced to meet a margin call, nickel prices…

Impact of War in Ukraine on Global Supply Chain

Impact of War in Ukraine on Global Supply Chain RedStone Resource March 10, 2022 Inside This EditionChina’s Manufacturing Sector Jumps Back to Life After nearly 45 days of disruptions from the Lunar New Year and hosting the Olympics, Chinese manufacturing and supply chain activity has restarted. The manufacturing PMI for the country came in at…

WTO: Supply Chain Congestion Will Ease Soon

WTO: Supply Chain Congestion Will Ease Soon RedStone Resource February 24, 2022 Inside This EditionCyber Attacks Increasing in 2022 Many popular news reports point to the Russia/Ukraine conflict as pushing the risk of cyber attacks higher, and that could very well be the case. But since the beginning of the year, cyber security experts say…

Everything You Need to Know About Third-Party Logistics

Everything You Need to Know About Third-Party Logistics Written by Chloe Harris Read Time: 7 Minutes Third-party logistics organizations have been in existence for decades, providing a host of services for organizations in every industry. However, third party logistics is not just for large companies — it’s something that also has many benefits for small…

2022 Inbound Logistics Top 100 3PL

RedStone Logistics Named to Inbound Logistics Top 100 3PL List for 2022 Written by Gregory Reid Read Time: 3 Minutes RedStone Logistics announced today that it has been recognized for the second consecutive year as a Top 100 3PL Provider by Inbound Logistics, a leading logistics industry publication.   Each year, Inbound Logistics editors select…

NDTA Conference

RedStone Logistics CEO Leads Session at 2021 NDTA Fall Meeting Written by Chloe Harris Read time: 3 minutes This October, President & CEO of RedStone Logistics Jim Ritchie had the esteemed honor of leading an informative session at the 2021 Annual NDTA Fall Meeting. The event took place at the Gaylord National Resort & Convention…

2021 Inbound Logistics Top 100 3PL

RedStone Logistics Named to Inbound Logistics Top 100 3PL List for 2021 Written by Gregory Reid Read Time: 3 Minutes Each year, Inbound Logistics editors select the Top 100 providers by carefully evaluating submitted information, conducting personal interviews and online research, and comparing data to readers’ global supply chain and logistics challenges. RedStone is proud…

2020 with RedStone: A Year in Review

2020 With RedStone: A Year in Review Written by Chloe Harris Read time: 3 minutes It’s no secret that this past year has been one of the most life-changing periods for many of our lives. This is especially the case for members of the modern-day workforce. For many of us, we went from walking into…

The Bullwhip Effect

Preparing Your Supply Chain for The Bullwhip Effect Written by Emily Ritchie Read time: 3 minutes In just one weekend in 2020, grocery store shelves went bare due to anxiety over the outbreak of COVID-19. The wave of orders for toilet paper, rice, and other essentials is causing suppliers and manufacturers to scramble. Soon, this…

Retaining Employees

Retaining Employees in Today’s Workforce: What You Need to Change Written by Emily Ritchie Read time: 3 minutes Does your company have high employee turnover? Are you struggling to keep your employees at your company? You’re not the only one. On average, people change jobs 11.7 times in their lifetime. To break that down, let’s…

Missouri Hyperloop

Hyperloop Dreams May Become Reality in Missouri Written by Emily Ritchie Read time: 3 minutes Missouri is transporting itself into the future with its plan to build a hyperloop track from Kansas City to St. Louis. This project could elevate Missouri to a mega-region and raise the state’s economy by creating 7,600-17,200 jobs for the…

Time Management

Time Management: Your Path to a Productive Life Written by Emily Ritchie Read time: 3 minutes What is one idea or project that you have been meaning to start? A new workout regime? Maybe even your own business? Then you’ve come to the right place. With this compiled list of hacks, tricks, tips, and methodologies,…

Optimizing your Supply Chain

Optimizing your Supply Chain Written by Emily Ritchie Read time: 5 minutes The delivery of a product is a company’s last chance to touch base with a customer or to make an impression. The customer will not be impressed with the company if their product is late, damaged, or never arrives. Many great businesses leave…