2010 Mid-year rate outlook: Paying a Premium
While the extent of the recovery remains uncertain, shippers will continue to be hit with rate increases across all modes.
in the NewsFMC weighs in on SOLAS Convention’s verified gross mass requirements Infor acquires Predictix E2open acquires point of sale analytics leader Orchestro Intelligrated co-founders win 2016 Ernst & Young Masters of Entrepreneurship award for Ohio Valley MHEFI announces call for nominations for 2017 awards More News
In the earlier stages of the downward economic trend of the past two years, analysts were initially reluctant to use the dreaded “R-word.” But now it seems as if they’re equally wary about using another “R-word,” but this time it’s “recovery.”
“The job growth is largely in temp work and there has even been a slowing of this as we approached the middle of the year.”
Jacoby adds that corporate investment is also lagging as companies are conservatively hedging their bets since many don’t see this as a sustainable growth situation—at least not yet. “This is not necessarily a dangerous scenario, but it’s a disappointing one,” he says.
Forecasts of GDP growth are hesitant and cautionary as well, according to Paul Bingham, managing director of trade and transportation at IHS Global Insight.
According to Bingham, real growth is forecast to be up 3.4 percent this year in contrast to the negative 2.4 percent of 2009, but the pace is expected to slow back to 2.8 percent in 2011.
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
WMS Update: What do we need to run a WMS? Supply Chain Software Convergence: Synchronization Realized View More From this Issue