There's not much evidence for recovery in the U.S., but the global economy is starting to tell a different story. APL is expanding its container capacity by chartering more vessles. CMA CGM is booting its freight rates on several lines, and Hapag-Lloyd is raising its shipping rates on lines to the Indian subcontinent. Dissecting these lines reveals that trade among emerging markets looks a lot healthier than among the U.S. and other OECD nations.
Speaking of the U.S., Arrow Trucking's bankruptcy filing reveals just how little its creditors will be able to recover. I blogged about YRCW's troubles recently. We can expect more pain for U.S. truckers as the price of diesel fuel continues to rise.
