Transportation TIP List: Week of February 21st, 2016
Once every four years, February decides to linger just one more day. So, before we leap out of this week and into a new month, we bring you the latest in the supply chain and logistics news. From seeing gains in intermodal for a second consecutive week and U.S. manufacturing output making a slight recovery, to manufacturing supply chain disruptions and the steady decline in oil and gas prices, we’ve got you covered with these must-read links below!
- Intermodal Up for Second Consecutive Week: For the week ending February 13th, North American freight rail traffic experienced a 10% gain in intermodal for the second week in a row, the Association of American Railroads (AAR) reported.
- U.S. Manufacturing Output Rises To Begin 2016: U.S. manufacturing output increased by 0.5 percent in January after a largely sluggish end to 2015. The monthly increase was the largest since July. Last month, both durable and non-durable goods production showed increases of about 0.5 percent.
- Getting Fleets Mobile Ready: Many transportation fleets are embracing mobile technologies. Today’s smartphones and tablets enable drivers and fleet managers to more efficiently complete their daily tasks and meet the unique challenges of their fleet workflows, driver tasks, and customer expectations.
- Top Five Material Handling and Supply Chain Trends for 2016: Each day, the material handling and supply chain industry takes on a new shape and form with innovative technologies. These trends that revamp operations on an individual, organizational as well as global level include: automation, artificial intelligence, e-commerce, service chains and performance analytics.
- 40% of Manufacturers Faced Supply Chain Disruption in Past 12 Months: A new report found that 40% of manufacturing companies reported a supply chain disruption that impacted their business over the past 12 months. Less than a quarter (24%) currently have a Chief Supply Chain Officer in place to help orchestrate the response, and an additional 41% said they have no plans to hire one.
- Charleston First in US to Suggest SOLAS Weighing as Service: As the industry prepares for the controversial new verified weight rules that go into effect this July, the Port of Charleston is the first U.S. port to say it is willing and game to provide in-terminal weighing services for containers if allowed to do so by the U.S. Coast Guard.
- The Oil and Gas Balancing Act: Oil prices in the United States have been in steady decline for months. Oil hasn’t traded below $30 per barrel since 2003, and some experts predict prices could fall as low as $10 per barrel having a range of impacts on the economy.
What’s trending on your TIP List this week?