Baltic Dry Index Falls To Lowest In More Than 2 Years

Posted by Nogger - a legend in his own mind at 09:23 | Categorized as

Weakening demand for raw materials has led to a drop in freight costs. The Baltic Dry Index, a measure of shipping costs for commodities, fell 1.2 percent to 2,990 points Thursday, according to the Baltic Exchange in London. That's the first time the index has fallen below 3,000 points since July 2006.