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International Shipping Hints at Global Recession

Both fast and slow versions of shipping global goods give a strong hint of a global economic slowdown.  These facts are contrary to the general economic message being spread from mainstream corporate media and even Donald Trump (everything is fine—the economy is good and getting better).

Fast overnight international shipping

FedEx Express just reported a bad last quarter and will have the weakest year of earnings growth since fiscal 2010.

FedEx Express

FedEx Express financials are worthy of attention due to their market size and global economic reach.

Slow ocean bulk shipping

The Baltic Dry Index (BDI) is a measure of what it costs to ship raw materials—like iron ore, steel, cement, coal and so on—around the world.  Steep falls in price indicate falling demand for raw materials worldwide–notice the drop during the last year.

baltic dry index

Prices to ship basic materials for creating goods have fallen steeply over the last year.

 

Sources:

https://www.bloomberg.com/news/articles/2019-03-19/fedex-cuts-profit-forecast-again-amid-stubborn-weakness-overseas

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Disclaimer: This post is for informational and entertainment purposes only— it is not financial advice or is in anyway intended to provide any financial recommendation.

“Green-Eco-EV News Reporting by Ken Burridge”

kenneth green burridge

Independent green journalist, EV of the Year Judge, photographer, author and sustainability activist that has published over 1000 articles. Mr Burridge’s travels have taken him to over 40 countries and 300+ major cities. He is originally from the USA, but has been residing in Australia for the last seven years. Connect to Ken Burridge on: Twitter, steemitfacebook, Google+Linked in or website

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