Still More Shipping Reports

Not good, I’m afraid. I’ve held  off on this update hoping for  news of improvement. Well It’s not happening.

http://www.ttnews.com/articles/basetemplate.aspx?storyid=42442

Apparently almost ALL the companies could be heading for a crash.

http://shipandbunker.com/news/world/595308-dry-bulk-virtually-every-company-in-the-industry-is-still-at-risk-says-new-report

It looks like the guys on the beaches are going to be getting a lot of steel in the near future.

http://www.shippingtimes.co.uk/item_10819.html

while there seems to be some slow growth rail traffic is still far below last year.

https://ycharts.com/indicators/reports/aar_weekly_rail_traffic

http://www.railwayage.com/index.php/freight/class-i/total-us-weekly-rail-traffic-down-106.html?channel=50

U.S. rail cites sluggish demand

Freight Rail Traffic Plunges: Haunting Pictures of Transportation Recession

And more stored locomotives.

http://www.wctrib.com/news/local/4031805-bnsf-stores-train-engines-willmar

The fact is that less stuff is being moved around.  Because demand is down just about everywhere.  Which is a good leading indicator that manufacturers are not expecting a higher demand in the near future.  Which is why the economy will continue to stink.

http://www.minyanville.com/business-news/markets/articles/2523Recession-2523Economy-2524COPPER-2524TLT/7/6/2016/id/57702

As I’ve certainly said before in these post the economy is dysfunctional. The bad policies enacted by this Administration have led to much of the dysfunction and slow decline that is so pervasive outside of Washington.  If nothing changes it’s going to be very stormy  waters very soon.

For more on the dysfunctional economy click Here or on the tag below.

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