Transportation TIP List: Week of September 20th, 2015
Fall is in the air and the NFL season is off and running, which is getting us thinking about how many logistics and transportation trends there are to tackle. Here’s hoping we see big gains for infrastructure, trucking, safety, capacity and other current challenges. Read on to see what’s covered in our TIP List playbook this week!
- Fix Our Transportation Infrastructure Now: Last summer, when the Highway Trust Fund was weeks away from expiration, Doug Oberhelman, chairman and CEO of Caterpillar, wrote an op-ed urging Congress to address that near-term crisis. He also urged them to enact a multi-year transportation authorization bill to support and grow the U.S. economy. More than one year later, we’re still lacking a long term solution
- The Recovery’s Been Good to Trucking, but Cycle May Play Out Soon: Truck freight growth in recent years has outpaced the total economy’s growth by two to one on a percentage basis, but the realities of a late-recovery economic cycle may soon slow freight growth. Even though there are no direct indicators of a looming recession, the U.S. economy is already on borrowed time.
- Rule to Require E-logs Pushed Back: A Final Rule to require truck operators to use electronic logging devices has been delayed a month, according to a report released this week by the Department of Transportation. The rule is now forecasted to be published Oct. 30.
- Capacity’s Looser, for Now — Freight, E-log Mandate to Tighten Market Soon: Concern over the trucking industry’s trend of loosening capacity of late — and how it will impact rates and what it means for freight growth — may be slightly misplaced. It’s also likely only a temporary measure as carriers try to grow their fleets to prep for a worsening driver shortage.
- Department of Energy Launches Smart Manufacturing Grants: The Department of Energy is putting up to $70 million in funding into smart manufacturing with its next Clean Energy Manufacturing Innovation Institute grant. They hope to make the deployment of advanced sensors, controls, platforms, and modeling cheaper and more energy efficient.
- The Next Supply Chain Revolution: In recent years, the topic of supply chain risk management has emerged and new processes and ideas have begun to be codified and turned into a distinct discipline. An emerging topic is supply chain sustainability; and the topics of both supply chain risk management and sustainability are addressed in many corporate social responsibility reports.
- Oil and Gas: When Will Global Oil Markets Rebalance?: The most pressing question on the minds of energy investors is hardly a surprise: How long will it take for the industry to work through the current period of oversupply and rebalance itself? The answer, unfortunately, is; not any time soon.
What do you think is the most important issue on the TIP list this week? Let us know in the comments!