Transportation TIP List: Week of July 3rd, 2016
As we come back from the long holiday weekend, we bring you up to speed with updates in the transportation, supply chain and logistics world that you may have missed! From the Panama Canal getting a much needed makeover to the SOLAS weighing solution that is still in progress, we’ve got these industry hot topics covered for you.
- Trucking Industry Invests $9.5 Billion in Safety, ATA Says: The trucking industry invests at least $9.5 billion in safety annually according to the American Trucking Associations. The investments include collision avoidance systems, electronic hours of service logging technologies as well as driver safety training, driver safety incentive pay and compliance with safety regulations.
- FTR Shippers Conditions Index Shows Improvement in April: FTR’s Shippers Conditions Index (SCI) for April rose marginally to a reading of 1.5 — up from 0.4 in March. The new reading reflects improved market conditions for shippers as freight demand remains sluggish.
- SOLAS Solution For Railed US Exports Still in Progress: U.S. marine terminals and the container lines that serve them are coming around to a streamlined SOLAS approach using pre-existing weighing process, but how containers moving to on-dock ramps will be weighed is still being worked out just days before the rule takes effect.
- Cargo Theft Firm Issue Warnings Ahead of July 4 Weekend: With July 4 falling on a Monday this year, CargoNet warns thefts could be worse than normal. Between July 2 and July 9 from 2012 to 2015, truckloads of non-alcoholic beverages, major appliances and copper were some of the most popular thefts.
- Consumer Confidence Rises to Eight-Month High: Consumer confidence rose to an eight-month high as Americans became somewhat more optimistic about the economy. Consumer expectations gauge for the next six months rose to a five-month high. Measure of present conditions advanced to 118.3, the second-strongest reading since September 2007.
- Panama Canal Gets Bigger, But is it Big Enough for Oil?: The Panama Canal Expansion was completed on June 26th and the Panama Canal Authority inaugurated a new third set of locks to allow for the transit of larger ships.
- G75: Inbound Logistics’ 75 Green Supply Chain Partners: The annual G75 list showcases the sustainability best practices companies employ in their supply chain, logistics, and transportation operations. Inbound Logistics chose the G75 based on four benchmarks: measurable green results, sustainability innovation, continuous improvement, and industry recognition.
What other hot topics caught your attention over the weekend?