Could the Panama Canal be the next Suez? Midday Market Update
Differences between canal systems
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On this episode of Midday Market Update, Kaylee Nix and Michael Vincent dive into the deep possibilities of disruption in the maritime shipping world.
Market Expert Zach Strickland delivers news of falling outbound tender rejections and indications of loosening freight capacity moving into produce season. FreightWaves’ lead economist, Anthony Smith, talks initial jobless claims surging and the indications of looming inflation.
FreightWaves’ Washington correspondent, John Gallagher, joins the show to give a more detailed update on President Joe Biden’s infrastructure plan. He says the plan is heavily job-focused and calls it “the biggest infrastructure package since the New Deal.”