Hurricane Beryl Kicks Off 2024 Hurricane Season
Hurricane Beryl made landfall in Houston, TX earlier this month, marking the start of a projected busier-than-usual hurricane season. The early storm caused significant power outages across the Houston area, with some outages lasting more than two weeks. The Atlantic and US Gulf Coast are preparing for a busy season, prompting businesses and production facilities […]
Mexico Declares End to Drought
After a prolonged dry spring and early summer, Mexico has declared an end to the drought that disrupted daily life and business operations. Several companies have lifted their Force Majeure notices, which were strictly implemented due to the drought. The increased rainfall has also improved logistics around major Mexican ports and terminals. In related news, […]
Freight Recession Nears End as Prices and Volumes Rise
The global trucking and freight markets seem to be rebounding, signaling an end to the post-Covid recession period. Business activity is stabilizing, with volumes and demand on the rise, particularly evident in certain ocean freight lanes where prices are increasing. Although inflation in the freight sector remains high relative to a percentage of the US […]
Global Rate Cuts Shaping Second Half of the Year Outlook
Recent global economic data and announcements of rate cuts are setting the stage for reductions in borrowing costs for the second half of the year and into 2025. China’s surprise rate cut, along with expected cuts in Canada this summer, could lower borrowing costs by the end of the year. In the United States, markets […]
Signs of Recovery in the European Economy
The European economy appears to be rebounding, showing slow quarterly growth after six consecutive quarters of decline. Although the pace and performance vary across different segments, many reports indicate that the economy is starting to recover. It remains to be seen what a full “recovery” and normal business and growth rates will look like in […]
