Transportation TIP List: Week of February 14th, 2016
Having just observed Presidents’ Day, we’ve been thinking about visionary leaders, especially with the 2016 presidential hopefuls moving their campaigning into high gear. But we’re going to keep our primary focus on the hot issues and promising developments in transportation and logistics. Leading candidates featured in this week’s TIP List include revised weight verification requirements and revamped trade laws, among others.
- The Impact of SOLAS on Ocean Shipping and Data Management: The revised Safety of Life at Sea (SOLAS) container weight verification requirement is a significant change in the ocean cargo supply chain. The International Maritime Organization (IMO) regulation is scheduled to go to effect on July 1, 2016, leaving the industry with little time to adapt.
- Trans-Pacific Trade Pact Wins Final Approval From Congress: A wide-ranging bill that revamps U.S. trade laws won final congressional approval Thursday. It includes a provision that would reinforce the government’s ability to head off China and other countries from manipulating their currencies to make their exports more affordable.
- Rail Competition Intense for Even Modest US Intermodal Growth: Intermodal volume growth slid to a near-halt in 2015, and the headwinds that stymied growth – high inventories, a strong US dollar, decelerating manufacturing production, low fuel prices and flush truck capacity – show no signs of subsiding anytime soon.
- Canadian Freight Volumes Up for First Time in Four Months: Month-over-month volumes were 12 percent above last December. That said, compared to the same month last year, load volumes were down 28 percent from January 2015. Cross border loads leaving Canada were lower by 18 percent, and loads coming into Canada decreased 33 percent year-over-year.
- Fine-tuning the Modern Distribution Center: Not long ago, people changed their own oil and did other maintenance on their vehicles, but today many are content with letting experienced professionals handle the job. After all, vehicles and the technologies behind them are a lot more complex than even 10 years ago. The same holds true for distribution centers.
- Misadventures in Supply Chain Management: Maybe conventional wisdom isn’t always right. The same can be said of supply chain management. Since it was first introduced in 1982, supply chain management has experienced a series of transformations.
- Responding to the Retail Revolution: It’s probably safe to say that many retail supply chain executives haven’t been sleeping well of late. Ask any of them “What keeps you up at night?” and they’re almost certain to respond with two words: omnichannel commerce.
Are there any key pieces of industry legislation on your TIP List this week?