Amtrak parcel service closes Midlands depot

tomstickland

http://news.bbc.co.uk/1/hi/england/west_midlands/7592300.stmhttp://news.bbc.co.uk/1/hi/england/west_midlands/7588153.stm

The firm's collapse will also hit jobs at its depots in Birmingham, Coventry, Shrewsbury and Gloucester.

http://news.bbc.co.uk/1/hi/england/west_midlands/7588153.stm

Weakened consumer spending and the current economic climate has been blamed for the collapse.

the firm had been hit by rising fuel prices and a fall in consumer spending.

Leighthal

Is this a good time to invest in Parcelforce or DHL?
I used to think the growth of the internet would kill snailmail(which it might still do)but the growth in online trading sites(like ebay) would counteract that due to increased parcel deliveries.

PasturesNew

Yeah, they went into administration before the bank holiday. Less people having less cash to buy tat on ebay ... needing less deliveries.

mewbie_2

Leighthal wrote: »

Is this a good time to invest in Parcelforce or DHL?

I see your thinking, could be a good contrarian ploy. Just when everyone's thinking the economies in trouble therefore they won't be buying stuff, could be the perfect time to swoop. But you don't want to share that sort of stuff on here, keep it to yourself and make a killing. Good luck.

Leighthal

mewbie wrote: »

I see your thinking, could be a good contrarian ploy. Just when everyone's thinking the economies in trouble therefore they won't be buying stuff, could be the perfect time to swoop. But you don't want to share that sort of stuff on here, keep it to yourself and make a killing. Good luck.

But maybe they will be selling.Maybe bargains to be had that will still need delivering.The'cash-rich' seem to be the best survivors in a downturn.

dopester

Leighthal wrote: »

The'cash-rich' seem to be the best survivors in a downturn.

For the not so mysterious reason that they've not got most of their wealth locked in illiquid property (Rosie Millard: "Our homes are investments, our pensions") that can't be sold at peak prices in a near frozen market about to undergo a total paradigm shift.

Leighthal

dopester wrote: »

For the not so mysterious reason that they've not got most of their wealth locked in illiquid property (Rosie Millard: "Our homes are investments, our pensions") that can't be sold at peak prices in a near frozen market about to undergo a total paradigm shift.

Yeah,I'm one of those ^^:money:

tomstickland

I quite liked !!!!!!'s argument that cash savings should be turned into goods before inflation takes hold. Maybe I should go on a shopping spree.

But then I keep thinking about how inflation will erode mortgage debt at the same rate and will I then be better or worse off converting savings to mortgage lump sum payments. etc.

WTF?_2

tomstickland wrote: »

I quite liked !!!!!!'s argument that cash savings should be turned into goods before inflation takes hold. Maybe I should go on a shopping spree.

But then I keep thinking about how inflation will erode mortgage debt at the same rate and will I then be better or worse off converting savings to mortgage lump sum payments. etc.

Wage inflation erodes debt.

Price inflation without it just makes it harder to service debt.

My advice is start flashing the plastic (and paying in full at the end of the month of course).

ManAtHome

tomstickland wrote: »

But then I keep thinking about how inflation will erode mortgage debt at the same rate

Wage inflation erodes debt, price inflation doesn't. According to certain member(s) of the MPC, we can hack rates as wage inflation is unlikely to take hold - I guess that means that the ordinary working peeps are somewhat stuffed...

[edit] ok, so I open a few tabs and eventually reply...

tomstickland

Price inflation is going to be accompanied with wage inflation, maybe not at the same rate.

I've spent the last 4 years saving. It'd be sad to have inflation devalue all that hard work.