Think rates have taken a hit in trucking? Have a look at this:

Holy crapola must hire more ethiopians and train them to sail.....maybe here,s a thought we can lease the boats to new sailers and save the industry

 

Printed Sep. 14, 2009

 

Wow,.. talk about cut throat freight rates. This can not bode well for future trucking.

 

Interesting stuff Windy,

Sears was on the bus news last night......still bleeding cash ( 4B ) like USA. Can't attract shoppers...... Gonna spin off automotive and Lands End stores......Penny's in same boat.....

There is still a 3rd of the nations rail fleet sitting too.......

Sure doesn't look good for super chicken......

 

Good catch....article shows the NYSE at 10k ....... I think it closed at 16009 last night.

 

At those rates for ships you would almost think , SWIFT or CRE had bought ships

 

Not only was there a housing bubble, but also a shipping bubble. Here's an up-to-date article about what happens to those ships. http://www.dailymail.co.uk/news/art...s-scrapped-shorefront-workers-toil-2-day.html

 

ssssh they read these forums!