Picking my own freight baby! My journey to & of being on Schneider choice, the Adventure & Numbers!

Baltic Dry Index Plummets to New All-Time Low

http://gcaptain.com/baltic-dry-index-plummets-to-new-all-time-low-484-points/#.VnCA90orJD8

 

okay I'm pissed, a truck stop restaurant just totally microwaved my chicken and fries I ordered!

 

lol nah I'm not there but they usually serve cold food with a side of flies

 

"The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities fell on Friday reflecting low vessel demand across nearly all vessel sizes.
The overall index, which gauges the cost of shipping cargoes including iron ore, cement, grain, coal and fertiliser"
http://investmentwatchblog.com/baltic-dry-index-falls-further/

"The Baltic Dry Index is a leading indicator that provides a clear view into the global demand for commodities and raw materials. The fact that the Baltic Dry Index focuses on raw materials is important because demand for raw materials provides a glimpse into the future. Producers buy raw materials when they want to start building more finished goods and infrastructure—like automobiles, heavy machinery, roads, buildings and so on. Producers stop buying raw materials when they have excess inventory and when they stop infrastructure projects.
Typically, demand for commodities and raw goods increases when global economies are growing. "
http://www.learningmarkets.com/understanding-the-baltic-dry-index/

Just like rates and demand is down for trucking so is for ships. It's a telling economic indicator.
Basically it's not just trucks, demand for stuff so less stuff is needing to be moved.. causing less demand and low shipping rates both in trucking and ships.

Rail is down too


http://www.zerohedge.com/news/2015-11-12/us-freight-“plummets”-worst-october-2011

So overall not a good sign for us.

 

man! health insurance is going higher and higher every year! even crap coverage is $200 a month

 

what's your premium for that?