Supply Chain Optimization

One Freight Rate Is Declining

While we all see the need for highway construction, expenditure on road repairs is…

While we all see the need for highway construction, expenditure on road repairs is down 2.9% in a country where roads are making it to the end of their useful life.  This is a problem!
 
With the US importing much less oil, 7% of the ships that carry it (very large Crude Carriers) are being scrapped this year.  With break-even rates at $250K per day and actual rates at $6,000, the market needs to rebalance.
 
Cosco’s takeover of Orient Overseas will help the Chinese shipping conglomerate become the world’s third-largest container shipping operator.