FreightWaves Classics: Celebrate Memorial Day holiday, but remember its purpose 

Memorial Day is a United States federal holiday established to mourn and remember the U.S. military personnel who died while serving in the U.S. armed forces. It is observed on the last Monday of May. Each year on Memorial Day a national moment of remembrance takes place at 3:00 p.m. local time. From 1868 to 1970 Memorial Day was observed on May 30, no matter what day of the week it fell on.

Originally known as Decoration Day, the observance began shortly after the Civil War and became an...

https://www.freightwaves.com/news/freightwaves-classics-celebrate-memorial-day-holiday-but-remember-its-purpose

FreightWaves Classics: U.S. military logistics help make it the world’s best

Inside a U.S. Army motor pool. (Photo: Army/mil)

Introduction

Memorial Day is observed on the last Monday of May. It honors the men and women who died while serving in the U.S. military. 

FreightWaves salutes all the men and women who have served in the U.S. military, and honors all those who have died in the service of our nation.

History/background 

The history of military logistics in the modern world does not go back very far. Until the 17th century, most armies lived off the land, taking what they wanted and laying waste to the rest, a cruel...

https://www.freightwaves.com/news/freightwaves-classics-us-military-logistics-help-make-it-the-worlds-best

Memorial Day: What it means to haul The Wall that Heals

Memorial Day

While some view Memorial Day as a day off from work or a long weekend full of barbecues and pool parties, it means something entirely different for military veterans and their families.

It’s about honoring soldiers who made the ultimate sacrifice for this country, said Vietnam veteran and truck driver Alvin Garrard of Barberton, Ohio.

Garrard recently took the trip of a lifetime as he hauled The Wall That Heals, the three-quarter-scale replica of the Vietnam Veterans Memorial in Washington that...

https://www.freightwaves.com/news/memorial-day-what-it-means-to-haul-the-wall-that-heals

Worst Memorial Day storms in US history

Flooded neighborhood.

Here are a few of the most devastating — and unforgettable — Memorial Day weekend storms.

Lake Park, Iowa, tornado (1942)

On Memorial Day 1942, a tornado ripped through farmlands in northwestern Iowa near the Minnesota border. The storm stayed on the ground for about 11 miles, damaging or destroying buildings, trees and livestock on 15 farms. Barns, silos, chicken coops, machine sheds and windmills were blown down, with electricity and telephone services cut off almost immediately.

Memorial Day...

https://www.freightwaves.com/news/worst-memorial-day-storms-in-us-history

Oil Prices Pick Up Almost by 4%

  • Today, oil prices roared back—up almost 4% on the day (the biggest mover in global markets).
  • Last year at this time, heading into Memorial Day weekend, the national average price on gas was $1.87.
  • Heading into this Memorial Day weekend it’s $3.04. I suspect it will be higher by the time we get to the weekend.

A Forbes news by Bryan Rich says that Oil Prices Roaring Back Just In Time For Memorial Day Travel.

We talked about the correction in oil prices last week as an opportunity to buy the dip...

https://mfame.guru/oil-prices-pick-up-almost-by-4/

GLOBAL & REGIONAL DAILY (Monday, 25 May 2020)

GLOBAL & REGIONAL DAILY (Monday, 25 May 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

May 25, 2020

Global Markets

Focus this week is on the European Commission’s draft proposal on the new EU budget and the Recovery Fund, scheduled for Wednesday. Meanwhile, favored by rising US/China tensions, the USD retained a positive tone, with the EUR/USD hitting a multi-session low of 1.0870 earlier today.  US markets are closed today for Memorial Day.

Greece

Based on provisional data by the Bank of Greece, the...

https://www.allaboutshipping.co.uk/2020/05/25/global-regional-daily-monday-25-may-2020/

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