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…
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…
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%…
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…