IHS Markit

With another negative United States Gross Domestic Product (GDP) reading, for the second quarter, at -0.9, following the first quarter’s -1.6 reading, it begs the question of: is the U.S. economy is in a recession?

Irrespective of mode, rates will be escalating, with carriers controlling capacity and exercising leverage like never before. Given the shortage of manpower and labor pools across the spectrum of global logistics, managers will be struggling this year.

Analysts at IHS Markit have upwardly revised their 2021 U.S. real GDP forecast to 5.7% on unexpected surges in exports, inventory investment in October

Following comments made by United States Trade Representative Katherine Tai last week week, regarding the White House’s new approach to the United States-China bilateral trade relationship, Logistics Management Group News Editor Jeff Berman caught up with global trade Paul Bingham, Director, IHS Markit Economics and Country Risk / Transportation Consulting.

An analysis issued by IHS Markit this week made that case that despite the increasing uncertainty regarding the spreading Delta variant, of the coronavirus, that the trajectory of the ongoing economic activity remains on solid footing.

The often-used saying “what a difference a year makes” really takes on a new meaning these days, especially when taking into account just how, umm, unusual, the last year has been. Unusual is just one word, to describe the events of the last year. Other candidates could include: nervous, fearful, uncertain, angry, confused, and many others. But with more and more people getting their COVID-19 vaccine shots these days, the lexicon is slowly changing to words like: encouraging, optimistic, hopeful,...

According to the IHS Markit World Flash – August 2020, the current crises not only plunge economies into recession in the near-to-medium term, but they can also inflict long-term damage.

Paul Bingham, Director of Transportation Freight Consulting at IHS Markit, always provides our readers with remarkable insights on the state of ocean carrier industry.

Paul Bingham, Director of Transportation Freight Consulting at IHS Markit, always provides our readers with remarkable insights on the state of ocean carrier industry. This is the final installment of a three-part interview.

Paul Bingham, Director of Transportation Freight Consulting at IHS Markit, always provides our readers with remarkable insights on the state of ocean carrier industry. In part II of a three-part interview, he covers a wide range of issues.

Paul Bingham, Director of Transportation Freight Consulting at IHS Markit, always provides our readers with remarkable insights on the state of ocean carrier industry. In this three-part interview, he covers a wide range of issues.

Download this FREE, 12-page report to discover how fleet operators are finding remedies to these key industry issues.

August saw another intensification of the trade conflict between the United States and China. Then, in mid-September, the attack on Saudi Arabian oil production facilities resulted in an oil price spike. Both are bad news for the global supply chain managers coming at a time when the world’s economic growth is already slowing, says IHS Markit.

In its “U.S. Economic Forecast Flash,” IHS Markit analysts note that first-quarter GDP growth was impressive, but cautions supply chain managers to remain on guard. It was reported at 3.2% in the Bureau of Economic Analysis’s (BEA’s) advance estimate, up from 2.2% in the fourth quarter of last year and in line with the 3.0% rate of increase averaged over the four quarters of last year.

In 2019, the world economy will enter a third straight year of broad-based growth, but many economists feel that a combination of rising interest rates and ongoing trade protectionism will continue to create unexpected turbulence—and lead to even higher freight rates. How likely is this to derail the ongoing global expansion?