Transportation TIP List: Week of November 15th, 2015
Much is up in the air and on the precipice of transformation in today’s transportation and supply chain industry. From the extended funding provided by the newest highway bill, to the Trans Pacific Partnership and the continuing development of the international supply chain, things in this industry are certainly on the move. Well, except for the many ships currently waiting in the Panama Canal –unfortunately, they seem to be a bit stuck!
Find out more from this week’s recap of the latest industry trends:
- House Passes Highway Trust Fund Extension Through December 4th: Funding authority for highway programs would be extended through December 4th under legislation the House easily passed on November 16th. The bill is meant to give transportation leaders on Capitol Hill a few extra weeks to finalize a multiyear highway policy bill, but still needs the Senate to act on it.
- Ships Waiting Up to 11 Days at the Panama Canal: The Panama Canal is still dealing with a high backlog of vessels waiting to pass through the waterway, leaving ships, crews and cargo waiting for days before making the roughly 12 hour transit. A perfect storm of multiple issues has created waiting times of up to 11 days at the canal.
- Transloading on the Rise at US-Mexico Border: The dynamics of cross-border trucking between the U.S. and Mexico are changing. More U.S.-bound shipments are being sent to transloading facilities at the border before heading north, which is opening up new opportunities for many companies.
- November Forecast to be a Strong Month for US Ports: Retailers anticipate a jolly November for U.S. ports, with the National Retail Federation predicting that containerized imports will increase 8.3 percent over November 2014. And last-minute importers of holiday merchandise should experience little if any port congestion.
- The Trans Pacific Partnership (TPP) and International Supply Chain Development: The TPP details have finally been released by the participating countries’ governments – the participating countries are working to integrate multi-national supply chains through the reduction in government imposed competitive barriers.
- Diesel Prices Climb Back to $2.50 Per Gallon: The country’s average diesel price climbed back above the $2.50 mark last week, rising 1.7 cents. The average price of a gallon of on-highway diesel now stands at $2.502. The most significant increase came in the West Coast less California region, where prices increased by 5.8 cents.
- New Research Quantifies Impact of Non-Preventable Crashes on CSA Scores: Recently issued CSA research takes a deep dive into the impact that non-preventable crashes would have on motor carrier CSA Crash Indicator BASIC measures. The 7 BASICs are: driving, fatigued driving, driver fitness, alcohol and drugs, vehicle maintenance, cargo security (now HM Compliance) and crash history.
How are these trends affecting your business this week? Let us know in the comments!