Transportation & Logistics CEOs More Optimistic: New Report

MarineLink.com
Monday, March 03, 2014
Brian Molefe CEO Transnet: Video still photo

According to a recent report from PwC, transportation & logistics, CEOs are more optimistic this year compared to last despite having some big worries, like transport infrastructure readiness. They’re currently focusing on developing a strong workforce, where they need it, but talent strategies will need to keep up and they’re improving their environmental footprint too.

PwC recently released the transportation & logistics sector findings from the 17th Annual Global CEO Survey. Topline findings include:

  • High or volatile energy costs remain a concern for 76% of respondents and transport infrastructure is a key area of concern for 56%
  • T&L CEOs overwhelmingly agree they’ll need to change their talent strategies to cope with future trends like demographic changes and urbanization but just 19% are already doing so
  • Executives are targeting new growth markets in Central & Eastern Europe, Latin America and Africa for M&A activity
  • Nearly all T&L CEOs (88%) agree or agree strongly that it’s important for their company to try and reduce their environmental footprintSource: PwC

Nevertheless, transportation & logistics CEOs remain cautious: over the past several years, transportation & logistics CEOs have consistently been less optimistic about future revenue growth than their peers across the overall sample. That’s true this year too. But they see the economy coming back on track. Confidence is still notably up compared to last year. And sector CEOs' dim view of the global economy has gotten better, with 45% believing it will improve.

 

Source: PwC

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Total Names Refining Boss to Replace de Margerie

French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week.

Court Dismisses Boating Industry’s Challenge to EPA Misfueling Rule

The National Marine Manufacturers Association (NMMA) said it is disappointed with the U.S. Court of Appeals decision released on Tuesday, October 21, 2014 for the D.

US Navy Orders Demonstration Craft from Willard Marine

Willard Marine, Inc. (WMI) announced it has been selected through a solicitation process to supply a demonstration model of a new, advanced combatant craft for the U.

Ports

Long Beach Cargo Continues to Climb

Cargo container traffic rose 7.3 percent in September at the Port of Long Beach compared to the same month last year, making for the Southern California seaport’s busiest September since 2007,

New Intermodal Rail Service from PortMiami

Florida East Coast Railway (FECR) and PortMiami, through a strategic alliance, are offering the Sunshine Gateway service, which includes on-dock intermodal rail capabilities.

Singapore’s MPA Discuss LNG Bunkering

The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG)

People in the News

Total Names Refining Boss to Replace de Margerie

French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week.

Bollinger's Fanguy Honored for Quality Excellence

The Certification Board of ASQ announced that Dennis Fanguy has completed the requirements to be named an ASQ-Certified Manager of Quality/Organizational Excellence, or ASQ CMQ/OE.

Australia Join Operation RENDER SAFE

Australian Defence Force (ADF) personnel have arrived in Bougainville to address a potentially deadly legacy posed by unexploded ordnance from past conflicts as part of Operation RENDER SAFE 2014.

Logistics

Long Beach Cargo Continues to Climb

Cargo container traffic rose 7.3 percent in September at the Port of Long Beach compared to the same month last year, making for the Southern California seaport’s busiest September since 2007,

Continership Alliance Expands to US Trades

The CKYHE Alliance (COSCO, "K" LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced they will expand their cooperation scope to U.S. Trades and CKYHE

New Intermodal Rail Service from PortMiami

Florida East Coast Railway (FECR) and PortMiami, through a strategic alliance, are offering the Sunshine Gateway service, which includes on-dock intermodal rail capabilities.

Consulting

Vice Presidents Rejig at Caterpillar Inc

Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. (NYSE: CAT)

Northrop Grumman Sponsors Maritime RobotX Challenge

Northrop Grumman Corporation is expanding its support for science, technology, engineering and math (STEM) education across the globe by sponsoring the Maritime RobotX Challenge in Singapore, Oct.

COWI NA Merges its Marine Companies

Ben C. Gerwick, Inc. and Ocean and Coastal Consultants, Inc. merger creates new player in the North American marine engineering market COWI North America, Inc.

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1070 sec (9 req/sec)