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Credit Union Adopts RouteOne Tool
RouteOne announced that Space Coast Credit Union, serving more than 230,000 members on Florida's eas...

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SAFCo Selects ACI for Payments
ACI Worldwide announced that Southern Auto Finance Company (SAFCo) has selected its UP Bill Payment ...

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Wholesale Prices Soften
Wholesale prices in June fell more than usual for the season, although they remain significantly abo...

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Service Accepts Bitcoin for Cars
Online car-buying platform Beepi has integrated with BitPay, a bitcoin payment processing service, t...

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Credit Union Adopts RouteOne Tool
SAFCo Selects ACI for Payments
Wholesale Prices Soften
Service Accepts Bitcoin for Cars

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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.