Truck Shipments Down 9% | Files: Logistics, Public | Tags: , ,

I was hearing rumors from people in the industry that ‘peak season’ hadn’t showed up. Drayage companies and OTR brokers ramped up their staffing to cover increased demand, but it didn’t work out as expected. I’ve heard isolated stories of local layoffs reducing staff levels below June 2006. From Bonddad: […]

Where’s the Fresh Content? | Files: The Long Wander | Tags: , , , , ,

You may (or may not) have wondered why the front page hasn’t changed substantially since the election. The easy answer is “nothing important has happened.” The harder answer is “I ain’t feelin’ it.” It’s a lame do-nothing-Congress, a bat-scat crazy President, the Supreme Court’s been silent, the economy’s still slipping, […]

More on the Chinese Revaluation | Files: PoliTicks | Tags: , , , ,

To start this off: I queried a passenger today — a Chinese fund manager — about when the Yuan is going to appreciate and by how much. His answer was uniquivocal: 5% in June. This is markedly different than what I’m reading in the US sources about more than 2% […]

Onion: Cost of Living Now Outweighs Benefits | Files: PoliTicks | Tags: ,

Following on Tuesday’s post about a decline in real incomes for Americans, The Onion runs an article announcing that Cost of Living Now Outweighs Benefits. WASHINGTON, DC–A report released Monday by the Federal Consumer Quality-Of-Life Control Board indicates that the cost of living now outstrips life’s benefits for many Americans.“This […]

Drip, Drip Drip: Worker Pay Drops | Files: PoliTicks | Tags: , , ,

The story’s number three on Blogdex: “Wages Lagging Behind Prices“. Worker pay raises trail inflation but the numbers obscure the severity, suggesting the problem is worse than it appears. The base of the LA Times the story is this: “For the first time in 14 years… growth in wages in […]

90% of America's Imports | Files: PoliTicks | Tags: , , ,

President George Bush is reputed to have said “90% of Americas imports are now coming from overseas.” This unfortunate statement is deceptively meaningful, but false. If accurate it suggests one of three (equally plausible) things about the President: (1) He doesn’t have a firm enough grasp of economics to know […]