Whack, whack whack: it's my winter almanac
Goodbye 2022 … uh oh, here comes 2023
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.
Rate erosion may be easing, but rock-bottom prices are 'not good for anybody'
West coast ports suffering as US container imports plunge by 37%
Cost-cutting FedEx Express to retire MD-11s for B767s and 777s
Carriers turn their gaze back to scrubbers as voyage results tumble
Billund sees launch of Maersk Air China link – 'a start-up on steroids'
The 'mother of all BAFs' looms for shippers as green targets advance
Dachser's M&A in air and ocean freight – how serious is that?
CMA CGM eyes car-carrier market boom as liners are ready to invest
WestJet will 'disrupt' Canada with three 737Fs, but rivals aren't scared
Asia services expanding as logistics players opt for a 'China+1' strategy
End-of-year cargo surge adds to operational challenges at JNPT
Comment on this article
Ed KerwinFebruary 11, 2015 at 7:38 pm
The 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?