Perhaps, as the article claims, recent increases in shipping capacity don’t explain the numbers entirely, but there have been quite a few new ships coming into use recently, and the old ones haven’t yet been junked. So it’s not quite as bad as the index numbers suggest.
“So it’s not quite as bad as the index numbers suggest.”
Not really...
U.S. Railcar loadings are basically flat vs. last year, only up by 1.1%.
The increase is being driven by FRACKING SAND, which has driven dry car rates through the roof up 12.8%, and rail transport of Petroleum Products (Think Warren Buffets XL Pipeline Cancellation payoff) up 24%