The RedStone Resource- November 2024

Economic BriefingSupply Chains Largely Back in Cycle Over the past 24 months, the global supply chain has been hit with significant overstocks (stemming from the supply chain crisis in 2021 and 2022 which led to “just-in-case” inventory strategies leading to overstocks). The US business Inventory to Sales Ratio has returned to levels (on average) in-line…

The RedStone Resource- September 2024

Economic BriefingUSMCA Manufacturing Slips in August Manufacturing activity in the US, Mexico, and Canada (USMCA) markets continued to be weaker in August, surprising some analysts. The US came in at 47.9 points, down from 49.6 last month and deeper into contraction territory according to S&P Global. New orders were reportedly softer and business inventories at…

The RedStone Resource- August 2024

Economic BriefingGlobal Manufacturing Optimism High, Despite Weaker Summer Performance Manufacturing activity worldwide typically accelerates through the summer months and into the peak retail season. But a combination of early ordering (as shippers try to avoid potential East Coast Port issues) and limiting inbound order volumes because of uncertainty heading into the peak retail season, has…

The RedStone Resource- July 2024

Economic BriefingEconomic Outlook and Impact on Global Supply Chain The latest data coming out of the Atlanta Federal Reserve shows some economic deceleration taking place in Q2. The GDPNow forecast expects Q2 GDP to be just 1.5%, down from growth estimates of 3% earlier in the quarter. Deceleration in consumer spending and a slight reduction…

The RedStone Resource- June 2024

US Manufacturing and Supply Chain Activity Improves in May RedStone Resource June 2024 Inside This EditionUSMX and ILA East Coast Port Negotiations Start Ahead of September 30 Deadline The United States Maritime Alliance (USMX) and the International Longshoremen’s Association (AFL-CIO) are going to be locked in contract negotiation from now until either an agreement is…

Business Inventories Back In-Line

Business Inventories Back In-Line RedStone Resource April 18, 2024 Inside This EditionTransportation Prices Mixed in March In the wake of the Yellow closure last year and tighter controls of inventory, LTL prices were the highest in the group. LTL prices were up 5.2% year-over-year and were 0.5% higher monthly. Again, historically when a major LTL…