Brace yourself for the logistics budget blues
Longing for a silver lining
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
Everyone thinks it: the current oil price is unlikely to stay. But according to Citigroup, it’s going to fall again before it rises. Oversupply, caused by record levels of pumping in Brazil and Russia, while Saudi Arabia, Iran and Iraq have cut prices to Asia to retain market share are contributing to the glut. And, forecasts Citi, a fall in production is not expected until the third quarter. Meanwhile, the complaints of carrier customers who are not seeing cheaper transport are growing ever louder.
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Comment on this article
Ed Kerwin
February 11, 2015 at 7:38 pmThe article really highlights the point that the forecasters are at a loss on what the future looks like. An AP article today claimed that the forecasters are calling for oil prices will be anywhere from $20 to $108 per barrel. From this perspective it is understandable that shippers are frustrated by the current lack of impact on pricing. However, if manufacturers were faced with the prospect of such a wide variation in the potential cost of one of their key components, what would they do?