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Friday, November 8, 2024

Markit News

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US Port's Supply Chain Fix Challenge: Selling 24/7 Shifts

cargo flows, he said. In many cases, it is "your grandfather's infrastructure that we're working with."Stress at every linkThe ports of Los Angeles and Long Beach significantly lag Chinese rivals when it comes to port efficiency, according to a ranking prepared by the World Bank and IHS Markit.Port terminals in China usually operate 24/7, many tasks are automated and labor slowdowns are rare, U.S.-based shipping industry consultant Jon Monroe said.Seroka and Porcari stressed that U.S. supply chain improvements will not come at the flip of a switch. Changes are needed at every link to ease

Ben Weithman (Photo: Ports of Indiana)

Weithman Named Director of Ports of Indiana-Mount Vernon

the Mount Vernon port. His industry experience includes more than 30 years in business development, startup and long-term sustainable operations. A senior-level executive in the transportation, agriculture and freight sectors, he most recently served as a senior transportation market consultant at IHS Markit. He also worked for one of Ports of Indiana-Mount Vernon’s tenants for four years, Consolidated Grain & Barge, as a grain merchandiser. Wiethman holds a bachelor’s degree from Ohio State University and a master of business administration (MBA) from the University of Southern Indiana

Europe, China Economic News Challenges Shipping Demand

commission said today. The inflation rate will be 0.8% this year and 1.2% in 2015, both lower than previously forecast and well below the European Central Bank’s target of just below 2%.   Eurozone manufacturing recovery broadens in April Chris Williamson, Chief Economist at Markit, said, “The Eurozone PMI paints a promising picture for the region’s manufacturers at the start of the second quarter.” He continued, “It remains to be seen whether this strengthening of demand will feed through to more pricing power, which remains weak due to the widespread

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