Word: freight
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...think there is a steady recovery under way. We expect it to continue," says Scott Painter, CEO of TrueCar.com, an online car-buying guide. That bullish view is supported by a new round of positive economic signals. While consumer confidence remains shaky, underlying economic indexes, such as freight-car loadings and oil-rig counts, show that the overall economic picture is improving. (See pictures of the best-selling cars in China...
...these advances are bolstered by UPS's logistics segment, which includes freight forwarding, warehousing and LTL (less-than-truckload) shipping. Despite its thin margins, this unit now represents about 17% of UPS's revenue and is a fount of viable synergies for the company...
...always thus. "One reads with dismay of Presidents Hoover and then Roosevelt designing policies to combat the Great Depression of the 1930s on the basis of such sketchy data as stock price indices, freight car loadings, and incomplete indices of industrial production," writes the University of North Carolina's Richard Froyen in his macroeconomics textbook...
...Lefilleul says a majority of people who had resided in the Jungle have fallen back to nearby towns on the coastline - or have retreated all the way back to camp aside canals in Paris where they wait for smugglers to hide them in U.K.-bound trucks or freight trains. And Calais doesn't want those and newly arrived illegals to join the estimated 300 Jungle inhabitants still in town. The reason is evident: with its proximity to Britain - 30 miles, connected by ferries, trucks, cars and passenger and freight trains using the Chunnel - Calais remains a magnet for clandestine aliens...
...perhaps the biggest reason for optimism is Xi'an residents like Lu Bo. The 32-year-old says the salary he earns as a salesman in the air-freight department at China Eastern Airlines was reduced by a third last year when his company was hit hard by the financial crisis, but that hasn't stopped him from spending. So confident is he about the future, he recently went out shopping for a new refrigerator. "Judging from my job, my life, I think everything will become better and better," Lu says. And maybe for the entire world economy as well...