Transportation TIP List: Week of December 9th, 2018
It’s the most wonderful time of the year! This chilly holiday season also brings with it a sense of winding down before the start of the New Year – and, it’s also the perfect season for making predictions for 2019 and beyond. This week’s TIP List captures transportation’s future forecast, including the potential impact of international tariffs on trucking and what’s in store for blockchain technology. Jump in to the stories below for the full outlook!
- U.S. Tariff Postponement May Reshape Early 2019 Trucking: The imposition of U.S. tariffs on $200 billion worth of Chinese goods earlier this year shifted peak shipping season on land and sea in the U.S. – pulling the maritime peak season from August to July and shifting the timing of truck shipments.
- The Road Ahead for Blockchain: Blockchain is more than just a tech industry buzzword; it’s a digital tool that could transform how business is conducted in a variety of fields, including transportation. And while its use in trucking has not gained widespread traction yet, behind-the-scenes developments are well underway to advance blockchain applications and governance.
- Businesses Plan to Make Their Supply Chains More Socially and Environmentally Responsible: About one-third of businesses plan to alter their supply chains in the next three years to make them more socially and environmentally responsible, according to a recent global survey released by HSBC Holdings PLC.
- U.S.-Bound Retail Container Volume Set New Record, Says Port Tracker: Port Tracker reported that U.S.-based retail container ports handled 2.04 million Twenty-Foot Equivalent Units (TEU) in October, the most recent month for which data is available, which was up 9% compared to September 2018 and up 13.6% annually.
- Congress Should Raise Fuel Tax for Infrastructure Projects, New Report Recommends: A recent report from the National Academies of Sciences, Engineering and Medicine recommended that federal policymakers should raise and index federal fuel taxes to address immediate funding needs for the vast network of infrastructure projects and transportation corridors nationwide.
What are some transportation trends you are expecting to see in 2019?