Transportation TIP List: Week of August 7th, 2016
The 2016 Olympic Games in Rio are off to an explosive start, and the U.S. is currently leading the pack with an impressive 28 medals so far. And while you might have seen some of the amazing performances in swimming and gymnastics this week, you may have missed some of the most important stories in the transportation industry. Our TIP List is here to help with all of the latest news in supply chain performance!
- For-Hire Trucking Gains 1,700 Jobs in July: The for-hire trucking industry’s total employment rebounded slightly in July, gaining 1,700 jobs in the month, according to preliminary figures reported Aug. 5 by the Department of Labor’s monthly Employment Situation Report.
- U.S. Trade Gap Widened in June Due to Import Surge: The U.S. trade deficit soared in June as Americans boosted purchases of foreign goods, though broader trends portray a sluggish economy. The trade gap grew 8.7% from a month earlier to a seasonally adjusted $44.5 billion, the widest in 10 months, according to the Commerce Department.
- Putting the Ever Expanding Truckload Brokerage Business into Perspective: The proliferation of truckload brokerage operations has been driven by several different factors, including the shipper’s need to manage capacity in a fluctuating market environment and the advent of truckload brokerage-specific technology advances, commonly referred to as “Uberization.”
- Leveraging Technology to Mitigate Risk: Part I: One of the hottest issues surfacing at this year’s annual Gartner supply chain conference was risk management. “When we entered this business six-and-a-half years ago, the technology for mapping and monitoring supply chain risk was still in its infancy,” says Bindiya Vakil, CEO and founder of Resilinc.
- A Path or a Ditch? Navigating Transformation Using Supply Chain Analytics: Organizational transformation is the new imperative, and embracing digital and technological innovation is necessary to drive the business forward. But mounting pressure causes many procurement professionals to revert to old known ways of doing things, focusing solely on cost reduction.
- Innovation In Consumer And Retail: What Drives Disruption: One of the biggest sectors of the economy today, consumer products and retail, is going through massive disruption through innovation. This isn’t something to take lightly. It is so pervasive that many people seem to forget it even exists because it’s happening constantly right before our eyes.
- Manufacturing Growth Cooled in July From One-Year High: U.S. manufacturing expanded in July, though at a slower pace, indicating gradual improvement that could help the economy emerge from a weak first half of the year. The Institute for Supply Management’s index cooled to 52.6 from a one-year high of 53.2 a month earlier.
What trucking and transportation stories are winning your attention this week?