Transportation TIP List: This Week’s Brightest Industry Trends

Week of February 5^th, 2017

This past weekend, Lady Gaga showcased a little extra sparkle in her Super Bowl halftime performance. Intel’s 300 shooting star drones provided the innovative lighting effects to the show; which was the first time that drone technology was used at an event of this magnitude. And just as technology helped provide some great halftime entertainment, this week’s TIP List provides some of the brightest industry trends. Keep reading for info on the appointment of Elaine Chao as the Secretary of Transportation, the effect of Trump’s industry regulation reductions and more!

• Trump’s Halt on Regulations the ‘Death Knell’ for Truck Speed Limiter Rule: President Trump’s recent decrees on federal regulations will likely spell the end of a U.S. DOT rule to mandate the use of speed limiters on heavy-duty trucks.

• Chao Sworn in as Secretary of Transportation: Elaine Chao was confirmed by the U.S. Senate to serve as the 18th Secretary of Transportation. She is one of the least controversial cabinet appointments by President Trump, receiving 93 Senate votes for confirmation.

• Small Businesses Uneasy Over Boarder-Adjustment Tax Plan: A proposed overhaul of the U.S. tax code favored by Republicans in the House of Representatives is drawing fire from small business owners.

• A Look Into the Future: Last year was record-setting for the logistics and supply chain industry, with $5 billion in total projected investments. And these industries are poised to continue making headlines in 2017.

• Suppliers Are Being Asked To Cut Emissions— And Saving Billions: When companies look to reduce their environmental impact, they very quickly realize that there is a limit to what they can achieve by focusing solely on their own operations.

• January Starts 2017 Manufacturing Levels On a “High Note”: Manufacturing activity picked up in 2017 where 2016 left off: in a position of strength. The January PMI was up 1.5 % compared to December and is the highest it has been since November of 2014 at 57.6.

• Cargo Thefts Cost Businesses $114 Million in 2016: Cargo thefts fell for the third consecutive year in terms of reported incidents, but the value of the stolen goods rose 13.3% to $114 million, according to recent data from CargoNet.

What innovative supply chain and transportation industry trends are you following?