Transportation TIP List: Week of August 26th, 2018
The upcoming observation of Labor Day will honor U.S. employees’ dedication to hard work and their incredibly valuable contributions to our country. And this week, our TIP List is devoted to both trends impacting today and those that may affect the future of the supply chain. Stories include recent NAFTA news, possible alterations to the Hour-of-Service rule and new trade tariffs. Happy Labor Day to all of America’s workers!
- U.S., Mexico Strike Trade Deal that Could Pave the Way for an Overhaul of NAFTA: President Trump said Monday that the U.S. and Mexico have reached a new trade deal, called the United States-Mexico trade agreement, paving the way for the possible revision of the North American Free Trade Agreement.
- Proposed U.S. Truck Regulatory Relief Would Help Shippers: The FMCSA wants to hear from trucking companies and logistics providers about four proposed changes to HOS regulations that could provide better service to cargo owners. If approved, short- and long-haul truckers would be allowed to work more hours in specific situations.
- China, U.S. Fire off New Tariffs in Middle of Trade Talks: China and the U.S. launched a fresh round of tariffs on $16 billion of each other’s goods, even as officials from both governments sat down for negotiations to resolve these ongoing trade discussions.
- Trucking Revenue Surpassed $700 Billion Last Year: According to the ATA, truckers moved more 70.2% of all domestic freight tonnage in 2017. This included 69.1% of all trade between the U.S. and Mexico, as well as 57.7% of Canada-U.S. trade.
- SmartWay High Performer – Logistics Service Providers: High performing SmartWay logistics providers serve their clients through analyses that consider the efficiency gains and emissions reductions of the transportation management strategies they develop and recommend.
What’s your favorite part about working in the supply chain?