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  • ABG 68.29 -0.38 - -0.58%
  • AN 52.12 +0.84 - +1.67%
  • CACC 0.00 +9.08 - +7.08%
  • CAR 54.89 +2.68 - +5.16%
  • CARZ 36.10 +0.3453 - +0.97%
  • CPRT 39.50 +0.46 - +1.45%
  • CPSS 7.18 +0.03 - +0.43%
  • CRMT 43.85 +0.74 - +1.72%
  • DAI N/A - N/A
  • F 14.69 +0.09 - +0.64%
  • FIATY 0.00 0.00 - 0.00%
  • GM 31.24 +0.50 - +1.65%
  • HMC 32.49 -0.06 - -0.19%
  • HTZ 22.75 +0.81 - +3.79%
  • KAR 30.44 +0.57 - +2.00%
  • KMX 48.80 +1.72 - +3.65%
  • LAD 70.76 +0.56 - +0.80%
  • MZDAF 0.00 0.00 - 0.00%
  • NSANY 0.00 -0.15 - -0.83%
  • PAG 42.22 +0.80 - +1.98%
  • SAH 26.64 -0.31 - -1.35%
  • TM 120.76 +0.04 - +0.04%
  • TRAK 46.22 +0.93 - +2.24%
  • TSLA 235.25 +4.87 - +2.11%
  • TTM 47.30 +1.49 - +3.36%
  • VLKAY 0.00 +0.485 - +1.20%
  • VROM N/A - N/A

Featured News

Chrysler Recalls Wranglers
Chrysler Group LLC is recalling certain model year 2011-13 Jeep Wrangler vehicles manufactured Feb. ...

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Dealer Using Highlines for Money Laundering
A Memphis, Tenn., used-car dealer was sentenced to 15 months in federal prison followed by three yea...

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VinSolutions, vAuto Integrate Tools
Cox Automotive announced that customers of both vAuto and VinSolutions will be able to take advantag...

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Auto Credit Makes Up Larger Share of Debt
A new TransUnion study found that the consumer loan wallet - the composition of loans that people ty...

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Chrysler Recalls Wranglers
Dealer Using Highlines for Money Laundering
VinSolutions, vAuto Integrate Tools
Auto Credit Makes Up Larger Share of Debt...

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The Shipping News

One of the best economic indicators is the Baltic Dry Index, which surveys brokers around the world and asks how much it would cost to book various cargoes of raw materials on various routes. The Index started dropping like a rock right around Memorial Day, the same time people stopped coming to your lots and buying cars.
I have no direct access to the Baltic Exchange in London, but I do have some connections to Great Lakes shipping. My wife’s father is a retired freighter captain and two of her brothers sail. My father-in-law said the boats always see an increase in activity about six months before the general economy improves and right now they’re going like crazy.
So, keep doing whatever your doing to keep the lights on and maybe the economic trend will reverse itself by next Memorial Day.