American Shipper Global Insight makes trade, transportation staff changes
02 Jul 08
U.S. economic analyst and forecaster Global Insight has made three appointments to its senior trade and transportation management staff.
Paul Bingham, already with Global Insight since 1999, was named managing director of world trade and transportation markets.
Charles Clowdis, a former vice president of TNT North America, has been appointed managing director of North American markets with responsibility for the company's U.S. and Canadian products and consulting capabilities.
....Scott Sigman has been named a principal of trade and transportation consulting.
Bloomberg (US) Daimler's Smart, BMW's Mini Gain as Americans Fret Over Fuel
By Mike Ramsey
02 Jul 08
``BMW sales in June were probably also impacted by the stock market and declining home values,'' said John Wolkonowicz, an automotive analyst at Global Insight Inc. in Lexington, Massachusetts. ``BMW's buyers are younger than Mercedes buyers, causing them to feel the pinch more from their declining stock portfolio and home equity.''
Investor's Business Daily U.S. Factories Grew In June; Price Gains Biggest Since 1979
BY SCOTT STODDARD
INVESTOR'S BUSINESS DAILY
02 Jul 08
It's no question that the biggest support for manufacturing this year is export orders," said Nigel Gault, chief U.S. economist at Global Insight.
Middle East Times (Egypt) What The World's Wealthiest Buy
By Lauren Sherman
02 Jul 08
The report covers 71 countries and accounts for more than 98% of the global gross national income and 99% of world stock market capitalization. The data on income distribution is provided by World Bank, Global Insight and by countries' national statistics.
St. Louis Post-Dispatch Minivan driven to decline
By Christopher Boyce
ST. LOUIS POST-DISPATCH
02 Jul 08
With cross-utility vehicles winning a growing share of family buyers, minivan sales should continue to dip in the next few years, said Aaron Bragman, research analyst with market research firm Global Insight in Detroit.
Demographics hold greater influence on the long trend of minivan sales than the price of gas, he said. Minivans are shunned by Generation X, who rebelled against what their parents drove, Bragman said. Things may change with Generation Y.
"I don't see a return until 2012 or 2013," Bragman said of minivan sales. "Generation Y is still a little too young to be buying minivans."
....Bragman said he expects Chrysler to eliminate one of its two minivans. The automaker already has said it would trim the overall number of vehicles it produces as a cost-cutting measure.
He speculated that the Town & Country would be the most likely target.
"You may not see it immediately, but in the next (vehicle) generation, it simply doesn't make sense to have two minivans," Bragman said.
Wall Street Journal U.S. Auto Woes Deepen
Amid Plunging SUV SalesDealers Run Short
Of Compact Cars; Toyota Stumbles
By KATE LINEBAUGH, SHARON TERLEP and MATTHEW DOLAN
02 Jul 08
Every new plant built in recent years has been a truck plant. There just isn't a lot of capacity out there for cars," said Rebecca Lindland, an industry analyst with Global Insight in Lexington, Mass. "They're pumping out vehicles as fast as they can, but everybody's fallen into this trap."
Wall Street Journal Manufacturing Expands,
But a Price Index Jumps
Commodities Data
In June Highlight
Perils for Economy
By ANTON TROIANOVSKI
02 Jul 08
Patrick Newport, U.S. economist for Global Insight, said in a note to clients that nonresidential construction is likely to contract later this year as the economic slowdown and tighter credit take an increasingly heavy toll.
Washington Post Stuck on The Brakes
June Auto Sales Figures Point to Industry-Wide Problem
By Jordan Weissmann
Washington Post Staff Writer
02 Jul 08
Consumer pessimism was a major culprit in the June sales slump, said George Magliano, director of automotive research for Global Insight.
"It is the economy, it is gas, it is oil prices soaring, it is consumer confidence falling to levels from the 1980s," he said. Lagging consumer confidence hits manufacturers of big-ticket items, such as automakers, harder than other sectors, he said.
"Any way you slice it, April and May were bad," Magliano said, "June is worse."
Daily Mail (UK) Relations with Russia suffer new blow as senior British oil staff forced to leave the country after visas turned down
By Sam Fleming
01 Jul 08
Andrew Neff, senior energy analyst at consultancy Global Insight, said: ‘This whole thing goes to the heart of British-Russian diplomatic relations, which have gone south since the Livinenko poisoning two years ago.
‘It is an unfortunate situation in which foreign staff are becoming pawns in a fight not just between BP and its Russian partners, but between Russia and Britain"
Daily Telegraph (UK) UK house prices fell again in June, Nationwide reports
01 Jul 08
Howard Archer, at Global Insight, expects house prices to lose 24pc of their value compared with their August 2007 peak.. “I am wondering if this is now a little conservative,” Mr Archer said.
"If the economy starts to tank and unemployment rises sharply – and it has increased for the last four months – that would have a large knock-on effect onto the housing market, as a number of distressed sellers entering the market.”
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