Total North American rail volumes were down 21.1% year over year in week 18 (U.S. -22.1%, Canada -15.8%, Mexico -29.4%), resulting in quarter to date volumes that are down 19.5% and year to date volumes that are down 9.9% (U.S. -11.4%, Canada -5.8%, Mexico -5.0%).
The Australian’s leaked a report over the weekend that was prepared for the 5 countries that held China responsible for the spreading of the virus out of Wuhan.
It seems like GroundHog Day at this point folks but, the battle continues with COVID -19 as cases continue to rise over the weekend in the U.S. and deaths from the Chinese Virus inflicted on the United States and the rest of the world continue.
We lost a whopping 6 million jobs last week. Expect closer to 9 million job losses this week.
Jobs have always been a concern from the onset of the virus, as cash strapped small businesses had no choice but to lay people off after being forced to shut down their businesses.
Folks, as most of you know, there is a battle going on out there amid the COVID -19 outbreak, as it continues to create havoc across the world.
Storage has become a major topic at the conferences. Curtis Chandler sat on the SEARS Storage Panel to gave his expert advice on how to handle excess railcars
Dow Jones futures plummeted Sunday night in overseas trading, along with S&P 500 futures and Nasdaq futures, as an all-out crude oil price war adds to coronavirus fears. Trading in S&P futures was halted in overnight trading once levels hit the maximum allowed drop of 5%.
Folks, it was a really bad week last week for commodities and equities – a historic sell off
Coronavirus updates, Canadian Protests, Railcar volumes and more in this week’s Railcar Market Update