Baltic Dry Index

My advice would be to have cash on hand and at least 2 months of food available. It will hit the fan. The following is an alert from Steve Quayle' web site.

I have family who runs a truck and they are having a hard time getting any work because of the vulture effect of all the truckers fighting over the scraps to get a load.

Good morning Steve,

I read the response in the alerts about Maersk cancelling sailings.
I head the transportation of our international freight, in particular our main distribution of Changshu, China to California.
We have not seen a single carrier cancelation and in fact, our average door to door lead-time from Changshu to a norther suburb of Dallas, TX is down to 3 weeks. Just 4-6 months ago you were lucky to get 5 weeks on that same path and our worst case scenario was 7.

I can confirm that pricing has dropped by 30-40% on these services which is significant when in the past a typical 40¡¯ HQ normally would cost about $6,500 all in.
As to the trucking; I have family who runs a truck and they are having a hard time getting any work because of the vulture effect of all the truckers fighting over the scraps to get a load. You used to could get a trailer/container daily out of the Dallas Rail Head but not anymore as there are way more drivers than loads to process.

I guess the bottom line is still the same, imports are way down and from what we see are getting worse.

Follow up to the previous post from Steve Quayle.

The last two days will traveling to downtown Seattle, I noticed only one container ship. All the cranes were up with no ships in port or in Elliot Bay.

Steve,
The last two days will traveling to downtown Seattle, I noticed only one
container ship. All the cranes were up with no ships in port or in Elliot
Bay. Webcams should be able to confirm around the nation. These are
unbiased.

Also while traveling home eastbound on 90 last night I saw 5 Chevy one ton
dually truck with gov plates, the bed was replaced by a camper style box
with only one window in the back and a radar array on top. Several
Antannas etc. dark blue or black in color. Never seen these vehicles
before and they traveled approx 1 mile apart. Perhaps they are in for the
earthquake drills set to start in June here in the puget sound and eastern
wa areas?

Blessings

From Steve Quayle. I don't know what Lefties will do when there is nothing on the shelves at some point in time.

AT 10:42 pm Pacific Time I checked https://www.marinetraffic.com,

where I counted a total of 50 vessels (MIXTURE OF CARGO AND

CONTAINER) moored at various West Coast Terminals.


HERE IS THE BREAKDOWN:


VANCOUVER, BC¡ª 8

SEATTLE TACOMA, WA ¡ª 3

PORTLAND, OR / VANCOUVER, WA ¡ª 7

COOS BAY, OR ¨C 2

OAKLAND / SAN FRANCISCO ¡ª 4

PORT HUENEMA, CA ¡ª 2

LONG BEACH, CA ¡ª 21

SAN DIEGO/ CORONADO, CA ¡ª 3

Again, these are just commercial vessels currently moored at West Coast
Terminals.

Current Baltic Dry Index, March 10 = 384 https://www.bloomberg.com/quote/BDIY:IND

Sincerely,

Keith

Start stocking up if you haven't already.

THE RAILROADS KNOW WHATS COMING,DO YOU? WHAT ARE YOU DOING TO PRPARE FOR THE COMING EMPTY SHELVES AND THE MAYHEM THAT¡¯S GETTING READY TO KICK INTO HIGH GEAR!

I work for a major U.S. railway carrier. Just got informed that the number of units being "laid up", or being taken out of service, is now being increased from 1650 to 1800 motors.

With an average of 3 motors per train, that's 600 trains that no longer need moving about every other day. About 50% of this power is for moving coal to power plants, and the rest is for grain trains and moving product from the coast to distribution centers. People are not buying as much so there is less to move.

Just wanted to possibly help confirm about the reduction of semi truck traffic, it's simply because there is a lot less freight coming in at the ports. Drop in freight shipments is about 6 to 8 months lagging the BDI. Shipments seem to have followed the BDI, almost to a T.

Engineer's and conductor's furloughed have reached approx. 5000 employees. Seriously not looking good since the railroads are pretty much the start of the distribution of goods in the U.S.

Plan for the worst, but pray for the best. Thanks for all you do and have done for everyone, including me. It is much appreciated and received.