Transportation TIP List: Week of June 5th, 2016
It seems to be next to impossible to score a ticket to a Broadway performance of Hamilton, which boasts a record-setting number of nominations at this weekend’s Tony Awards. But don’t worry – you’ve got a front-row seat to our TIP List every week! This week’s star-studded list includes new developments to the ELD lawsuit, rising Mexican container trade and some new innovations in packaging. Read on for all the details!
- Traffic Moves More By Noon Than Space Station Has Flown: New information released by the DOT shows that U.S. driving reached 746 billion miles in the first three months of 2016 — surpassing the previous record of 720.1 billion miles set last year and highlighting the growing demands facing the nation’s roads.
- Court Grants FMCSA an Extension to File Response to ELD Lawsuit: The court overseeing the lawsuit against the U.S. DOT’s electronic logging device mandate has granted the DOT a roughly two-week extension to file its court-required response to the litigation.
- Rising Mexican Container Trade Squeezes Truck Capacity at US Border: The arrival of more trans-Pacific freight at Mexican ports is contributing to a growing imbalance in truck capacity on the U.S.-Mexican border. That in turn is fueling growth in transloading at Laredo, the largest U.S.-Mexican truck border crossing.
- Global Cold Chain to Grow 7% Annually Through 2020: The global cold chain market is projected to reach a value of $234.49 billion by 2020. The market is driven by factors such as the increased demand for chilled and frozen food and beverages due to changing consumer preferences.
- Spot Load Volume Up 8.5% — Good Sign for Truckload Carriers: The national average rates for truckload van and flatbed each rose a penny on increased demand for capacity during the week ending May 28. An 8.5 percent increase in the total number of available spot loads and higher diesel prices also played key roles in the spot rate picture.
- Packaging Innovations Help Sell Foods and Beverages: Dramatic changes in demographics, lifestyles, and eating patterns are helping to drive packaging innovations. These demographic shifts are leading to changes in household dynamics and eating behaviors, such as multi-shopper households, more meals being eaten alone, and snacking more often and on more occasions.
What are the top trends you have your eye on this week?