Afternoon Coffee: Consumer Sentiment Drops, European Airlines Transporting Less Cargo

coffee brewing

US consumer sentiment has taken a hit in September. The latest consumer sentiment index has dropped to 85.7 this month, compared to the 91.9 in August. The global economic slowdown and a pessimistic view on future jobs and wages are reportedly impacting the index.

Three of the largest European airlines reported a drop in cargo traffic during August: Lufthansa Cargo reported a 5.5% decline from August 2014, Air France KLM reported a 8.9% fall and British Airways cargo traffic dropped 7.8%.

Cosco Holdings Co., said it would order 11 container megaships called Triple-Es. The large cargo ships are able to hold about 19,000 containers each and be used to ship products from China to Northern European ports.

A number of US automakers said they begin making all new vehicles equipped with automatic emergency braking systems. The Insurance Institute for Highway Safety reported today that the car makers would create an implementation plan for the new standard.

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