Transportation TIP List: Week of October 18th, 2015
As we’re nearing the end of October, we are getting closer to baseball’s biggest games of the year. Have you been following the exciting journey to the MLB World Series? We certainly have, and our newest TIP List gathers up its own series of important topics, including the recent trucking boom, the rise of intermodal and why the U.S. infrastructure needs a serious overhaul. This week’s list knocks it out of the park with the trends you need to know.
- Gradually Hike U.S. Fuel Tax to Boost Highway Fund: Our roads, highways, bridges and transit systems are in terrible shape in many parts of the U.S., and they’re getting worse. There’s a solution to this problem that would boost economic growth, productivity, and competitiveness, and make life better for millions of Americans. But it requires that our politicians first be truthful about the problem.
- Drivers Ride High on Trucking Boom: After years of spending long hours behind the wheel without seeing their paychecks grow, U.S. truck drivers now have employers fighting for their services. Many freight haulers have in the past year pushed through their biggest raises in decades.
- FTA: Shippers Should Prepare for New Container Weight Regulations: Shippers need to ensure they are prepared for new container weight verification rules that will be put into force next year, the U.K. Freight Transport Association (FTA) has advised. FTA said shippers could fall afoul of the new legislation after July 1, 2016 if they don’t put measures in place to verify the gross mass of containers before shipment.
- Intermodal on the Rise in Mexico: Mexico’s rail capabilities have evolved significantly over the past decade, as Carlos Godinez, Intermodal Director, Mexico at Transplace, discussed in a recent episode of Talking Logistics. “It’s been a 180 degree change,” in terms of infrastructure and service improvements, with approximately $5 billion in investments made since 1997.
- North American Freight Volumes Rebound in September: North American shipment volumes and expenditures both increased in September 2015 after falling for two consecutive months, according to the latest Cass Freight Index Report. The logistics payment solutions provider said overall shipment volumes grew 1.7 percent in September compared to the previous month, following 1.2 percent declines in both August and July.
- New Reefer Technology Preserves Perishables for Extended Distances: In the hyper-competitive world of refrigerated transportation, ocean carriers are always on the lookout for new solutions to control the atmosphere inside their containers while satisfying their drive for energy efficiency and improved environmental sustainability.
- Retail Sales Rise Less Than Expected as Americans Save More: Consumers in the U.S. tempered purchases at retailers in September, pocketing the savings from lower fuel costs and making for a weak finish to the third quarter. The 0.1% gain followed little change in the prior month that was weaker than previously reported, Commerce Department figures showed Oct. 14 in Washington.
What home runs are on your TIP list this week?