Sunday, September 20, 2009

Is Business Improving?

Not really

From Tradewinds

The report, released Friday by the National Retail Federation (NRF) and IHS Global Insight, now expects a total of 12.5 million teu during the year, up from the prior forecast of 12.3 million teu.

But the 2009 estimate represents a 17.7% drop compared to 2008 levels.

click here for link to article

Well, it's probably hit bottom, but that's the most we can say at this point.

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