Afternoon Coffee: Rail Boxcar Supply Shrinks, MERS Impacting South Korean Economy


The supply of available boxcars has declined 41% in the last 10 years, making it difficult for companies that rely on railroad transportation like lumber producers and paper manufacturers to deliver goods.

South Korea’s economy is starting to feel the effects of the spreading MERS disease throughout the country. Tourism has fallen and domestic consumers are shopping less. The number of exports has taken a hit, too.

Tesla is delaying production of its Model 3 electric car until 2018, causing shares to fall more than 3% recently.

The Chicago Fed National Activity Index shows economic activity during May was slightly below average. The index registered at -0.17 in May compared to the -0.19 in April.

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