Baltic Dry Index Drops Again As Steel Prices Rise

Transportation Dec 01, 2010 No Comments

The Baltic Dry Index is down for a third straight session, declining 25 points to 2,145, according to a recent Bloomberg article. The index, long analyzed as an indicator of global economic growth and production, has undergone a rather steady decline during most of November, after hitting a 2010 low on Aug. 9. When last updated on Nov. 26, the index was down 1.4 percent.

 

Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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