Monitoring the Situation on the Rhine River

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Rhine River levels continue to sink, forcing companies to seek alternatives for the freight they send up and down the enormous waterway. Water levels decreased again recently by another five inches and remains uneconomical for many commodity-hauling barges to sail through. “At the beginning of March, the ships could be loaded with roughly 2,200 [metric] […]

Surface Transportation Board Given New Authority

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Rail freight problems are not just the result of the Covid-19 pandemic. Years of attempts to cut costs have led to lower employee volumes, out of service equipment, and closed rail yards; all of which have contributed to the current supply chain disruptions experienced everywhere. In attempts to try to improve, the Subcommittee on Railroads, Pipelines, and Hazardous Materials […]

Why The U.S. Isn’t “Officially” in a Recession

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President Joe Biden and the Federal Reserve Chair, Jerome Powell, have stated that the U.S. is not officially in a recession. However, it’s not up to them to declare an official recession; that declaration comes from the National Bureau of Economic Research (NBER), and they haven’t commented yet. The NBER defines a recession as a […]

Slight Increase in Oil Production Offers Some Relief

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The world’s biggest oil producers have agreed to increase oil production, if only slightly, in an attempt to help ease high prices. Crude oil prices have been traded consistently at more than $100 per barrel since February, which has impacted people around the world with higher living costs, even as prices fell slightly over the […]