Trucking Prices Inch Up in February RedStone Resource March 15, 2024 Inside This EditionElection Years, Consumer Spending, and Freight Volumes Research conducted by First Trust shows that only 4 times since 1928 has the S&P 500 index fallen in an election year. Unfortunately, two of those years were 2000 and 2008, and it remains fresh…
Global Supply Chain to Get Boost from Manufacturing Recovery RedStone Resource March 1, 2024 Inside This EditionStriving for Supply Chain Normalcy With 10 months left in 2024, it appears that 2024 could be a transitional year into what we hope to be “supply chain normalcy”. After a 100-year event in 2020, global supply chain crisis…
Three Key Themes Emerging from Q4 Earnings Calls: AI, Supply chain, and Labor Plans RedStone Resource February 16, 2024 Our Commitment to Cutting YOUR Costs Continues We are pleased to announce our partnership with The SALT Group® – the nation’s leading Operating Cost & Expense Reduction resource for Manufacturing and Production companies! Discover how you…
GDP Running Hot, Impact on Supply Chain RedStone Resource January 31, 2024 Inside This EditionOil Prices Inch Up on Middle East Challenges At the time of writing, oil prices were inching close to the $80 per barrel mark for WTI and Brent North Sea Crude was above $83 a barrel. Markets were anticipating a possible…
Global Supply Chain Congestion Risk Rising Again RedStone Resource January 17, 2024 Our Commitment to Cutting YOUR Costs Continues We are pleased to announce our partnership with The SALT Group® – the nation’s leading operating Cost & Expense Reduction resource for Manufacturing and Production companies! Discover how you can further reduce your monthly spend with…
Construction Spending in 2024 and Impact on Trucking RedStone Resource January 3, 2024 Inside This EditionRed Sea Diversions to Continue Through Early January More maritime carriers will continue to block transits through the Red Sea and the Suez Canal because of attacks on commercial ships in the region. Global capacity is expected to be cut…
2024 Economic Forecast RedStone Resource December 19, 2023 Inside This EditionSupply Chain Pressures Index Surges in Early December The New York Federal Reserve’s Global Supply Chain Pressures Index has surged since August at a historically fast pace. It is important to note that on a historical basis, the current reading is still showing a “balanced”…
Biden Administration Efforts on Supply Chain Resiliency RedStone Resource December 1, 2023 Inside This EditionPresidential Election Years and Business Activity It is a popular belief that Presidential election years are bad for economic activity (and therefore freight activity). There have certainly been some specific years in which there was a significant impact on the market,…
Petroleum Prices Still Weak Despite Supply Concerns RedStone Resource November 15, 2023 Inside This EditionGlobal Supply Chain Pressures Index Hits All-Time Low The New York Fed’s GSCPI fell to -1.74 in October, down from -.7 in September. This was the lowest reading in the history of the index dating to 1997. Understanding the index is…
Petroleum Price Concerns Mount on Middle East Tensions RedStone Resource October 18, 2023 Inside This EditionGlobal Supply Chain Pressures “Normalizing”? The New York Federal Reserve’s Global Supply Chain Pressures index has inched up in the past several weeks. At this point in time, the index is showing a “normal” relationship and lower than normal global…