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CarMax Opens Another Store
CarMax Inc. celebrated its first store in Reno, Nev.

The store, located at 35 Auto Cente...

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Former Auction Owner Gets Three Years
A former auction owner will spend three years in prison for defrauding car dealers.
Michael L...

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IAA Expands in Texas
Insurance Auto Auctions Inc. announced the acquisition of two facilities from Auction Systems, a Wes...

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Big Banks Win Over Small Businesses
Overall satisfaction among small-business banking customers is rebounding from last year as big bank...

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CarMax Opens Another Store
Former Auction Owner Gets Three Years
IAA Expands in Texas
Big Banks Win Over Small Businesses

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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.