Weakness in the bulk commodities markets, reflecting the depth of the recession, is shown by the incredible 92% decline in the Baltic Dry Index. … Construction and energy-intensive manufacturing are the first sectors to slump in a recession. This has cut the demand for bulk commodity inputs, leading to the Baltic Dry Index decline. Cargo […]
From Calculated Risk: More cliff diving … From the International Air Transport Association: Cargo Plummets 22.6% in December (hat tip Bob_in_MA) In the month of December global international cargo traffic plummeted by 22.6% compared to December 2007. The same comparison for international passenger traffic showed a 4.6% drop. The international load factor stood at 73.8%. […]
