CNBC - Stats from the high seas: Stormy weather ahead

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December 03, 2013

If you wonder about which way the economy is going, you may want to take a gander at a new barometer based on ocean shipping freight. It's a tad worrisome at this point.

"As freight goes so goes the economy," said Rosalyn Wilson, a senior business analyst with Delcan Corp. "It seems to be tripping up a little bit." Indeed, this newly developed set of ocean freight data indicates exports are well below previous years. And imports, while starting the year fairly strong, are sputtering.

The stats are from INTTRA, an outfit that can best be described as an Orbitz or Expedia for businesses looking to move freight across oceans. Its booking services cover 49 shipping lines representing about 93 percent of the world's ocean-going container space. To read the full article, visit here.

News Source : CNBC - Stats from the high seas: Stormy weather ahead

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