Subscribe to our free, weekly email newsletter!


A respectable, but risky recovery.


May 19, 2010

Analysts with trade credit insurer Coface said it has raised its 2010 world growth forecast to 3 percent. Coface, which provides protection for businesses against financial failure by their customers, issued a report in April stating that the United States’ A2 rating is under positive watch. Given the strong performance of the U.S. at the end of 2009, Coface analysts revised their forecast upward to 2.3 percent. They warned, however, that the nation still had much to do before reaching its “pre-crisis” A1 rating. Furthermore, said analysts, there is some apprehension of a U.S. business slowdown during the year “due to a weakening of the favorable effects of the budget stimulus.” Meanwhile, Canada, Australia, and New Zealand are benefiting from the recovery in Asia, as demand for raw materials is ramping up. All three nations have been given an AI rating by Coface.

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!

Recent Entries

While it is already reaping myriad benefits from ORION (On-Road Integrated Optimization and Navigation), a proprietary routing platform for its drivers rolled out in late 2013, transportation and logistics bellwether UPS announced big plans for the technology this week.

Diesel prices continued their recent stretch of gains with a 3.6 cent increase this week to $2.936 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).

TSA has reaffirmed its March 9 general rate increase (GRI) of $600 per 40-foot container (FEU) for all shipments, and lines have also filed a previously announced April 9 GRI in the same amount.

February manufacturing data issued today by the Institute for Supply Management (ISM) dipped slightly compared to January, according to the most recent edition of the organization’s Manufacturing Report on Business.

As U.S. West Coast ports begin to address their critical congestion issues, an innovative approach is being launched at San Pedro Bay.

Article Topics

· All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA