Damage Done. When COVID-19 hit Latin America and the Caribbean in 2020, the region was already reeling with economic and political uncertainty threatening in some fashion nearly every nation from Mexico to Argentina.
It’s almost exactly 11 years since the “Heartland Corridor” opened for business, providing an intermodal link from the Port of Norfolk, Virginia to, as the name implies, the U.S. Midwest “Heartland” with Chicago as the nominal end point.
Make no mistake about it. The chassis business is tough. Keeping a chassis available and knowing where the chassis is (and has been) and what it will be doing next is difficult to track. Making sure that it is road-worthy requires constant care and attention to detail and doing that all cost effectively is challenging. That’s where CIT comes in.
With May here, surprisingly the Baltic Dry Bulk Index (BDI) breached 3,000 points. It’s the highest the BDI has reached in over a decade. It’s no surprise that the underpinnings of the BDI surge are the demand in China. Still, the surge has many contributing, and potentially volatile, components. And the question is how long will the upside of the super cycle last?