Truckload Spot-Rates Tank Fast Thanks To Soaring Fuel-Costs By Zach Strickland, FreightWaves Market Expert and Analyst, Truckload spot rates for dry van freight (NTI) have plummeted 18% since the start of the year, but if you remove fuel (NTIL), it nearly doubles to 32%.   Chart of the Week: National Truckload Index […]

Can We Make It Eight? The sheer relentlessness of the equity market sell-off continued apace last week with the Dow capping off its first run of 8 successive weekly declines since 1923. Meanwhile, the S&P 500 saw its first run of 7 successive weekly declines (tumbling 15.1% over this period) […]

Inflation Concerns Are Soaring Around The World The world’s political and economic elites have descended once more on Davos, Switzerland, for the World Economic Forum (WEF), after a two-year hiatus due to the pandemic. This year’s round of talks, which run from May 22 to 26, will deal with, among […]

Saudi Arabia Signals Backing For Russia In OPEC+ Authored by Tom Ozimek via The Epoch Times, Saudi Arabia has signaled its support for Russia as a continued member of the OPEC+ oil cartel, which comes amid ongoing Western pressure to sanction and isolate Moscow over the Ukraine invasion. Saudi energy minister Prince Abdulaziz bin […]

What Weapons Are Banned Or Restricted In War? For thousands of years, there have been rules to control the types of weapons in warfare – for instance, the use of poison in armed combat was forbidden in Ancient Greece. But it wasn’t until the 19th century that international agreements were made to legally regulate […]

“It’s Going To Get Truly Horrific”: Gas, Electricity Bills In Europe Could Jump To 4.5% Of Disposable Income In 2023 By Charles Kennedy of OilPrice.com The higher the energy bills in Europe become, the higher the chances are for a windfall tax on energy companies and utilities, as governments will […]

Russian Soldier Handed Life Sentence In Ukraine’s First War Crimes Trial A district court in the Ukrainian capital has wrapped up the country’s first ever war crimes trial involving a Russian soldier who stood accused of shooting 62-year old Oleksandr Shelipov in northeastern Ukraine’s Sumy region during the first week of […]

UK’s Johnson Urges Talks As Unions Threaten “Biggest Rail Strike In Modern History” Authored by Alexander Zhang via The Epoch Times, British Prime Minister Boris Johnson has urged rail unions to talk to the government before causing “irreparable damage” with strike action. The National Union of Rail, Maritime, and Transport Workers (RMT) […]

US Navy Sailors Deserting At “Staggering” Rate Amid Mental Health Crisis A troubling new statistic shows U.S. Navy desertions are soaring and may point to an even more significant issue of an emerging mental health crisis in the service.  NBC News reports the Navy has 342,000 active sailors. In 2021, there […]