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Supply
Chain by the Numbers |
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-August 26 , 2010
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WalMart Cornering the Market on RFID Readers? US Now Awash in Oil, but Prices Staying Up; Ocean Capacity Glut May be Coming Again Soon; Pickens Plan Needs Big Truck Subsidy to Work
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2%
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The amount of ocean shipping capacity now idled, versus 11% at the start of the year, according to a new report this week from container lessor SeaAxis. The report says that despite rising ocean shipping rates lately, costs are likely to begin falling again towards the end of 2010 and through 2011, as the amount of once idled and newly delivered ships being put into service far exceeds the increases in container traffic.
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$65,000
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The amount of government subsidy that would need to be given to truck manufacturers to produce vehicles that run on natural gas versus today’s diesel models in order to cover the difference in manufacturing costs (and thus keep the price the same for truck buyers), according to legendary oil investor T. Boone Pickens this week on CNBC. Pickens was again pushing his “Pickens Plan’ for energy, and said the cost difference (and subsidy) would decrease as production volumes rise, and that having all US trucks running on natural gas would cut US oil imports in half.
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