TheAntiDoomer wrote:Commodity Shipping Index Posts Biggest Annual Gain on Record
http://www.businessweek.com/news/2009-1 ... ecord.htmlShipping costs rebounded this year, after plunging a record 92 percent last year, as the global economy recovered from its deepest recession since World War II. China, the world’s biggest consumer of iron ore and coal, spent $586 billion to stimulate its economy. The two commodities are the biggest cargoes carried by ships included in the Baltic Dry Index.
“Next year is going to be a better year than a lot of people expect, but a lot depends on Chinese demand continuing,” said Michael Gaylard, strategic director at Freight Investor Services Ltd., a London-based derivatives broker.
http://www.investmenttools.com/futures/ ... _index.htm
youafter plunging a record 92 percent last year
can have a record gain and still be down over 70%!
Meanwhile, in the real world:
Dec 22, 2010
The next morning, Arrow Trucking suspended its operations, shuttered its Tulsa headquarters, and shut off its fuel cards, leaving some of its 1,400 or so drivers stranded around the country with no fuel to get back home. Now back in Macon, Ga., Cruthis and dozens of other truckers have banded together to help their stranded bretheren.