Business Intelligence - Logistics
By Staff -- Purchasing, 8/16/2007
60%Buyers expecting freight rate increases in the third quarter
Source: www.purchasingdata.com
WHAT IT MEANS: This is a big drop from the previous several months (68–70% range), indicating that buyers expect logistics costs to decline in the short-term.
10%One-week increase in dry bulk ocean freight rates in July
Source: Jefferies & Co.
WHAT IT MEANS: Spot rates for dry bulk ocean cargo have skyrocketed on increased demand for coal globally and grain in the U.S. Rates are so high lately, that crude tanker firms are buying dry bulk freight vessels for the first time.
View All Blogs
Now Playing:
