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Transportation TIP List: Week of June 19th, 2016

Posted - June 22, 2016

Transportation TIP List: Week of June 19th, 2016

This week marked both the first official day of summer and the longest day of the year. And as summer sizzles, there’s no shortage of hot topics in the transportation and supply chain industry. Our TIP List this week takes a cool look at burning issues such as the ELD mandate, intermodal rail investments and oil prices. Read on to see what trends are heating up!

  • FMC Chairman: Way to Help Exporters Meet SOLAS Obvious: With just two weeks before the new SOLAS rules takes effect, the top U.S. maritime regulator Thursday said container lines should use current procedures of weighing containers to meet the requirements of the rule and avoid hampering exporters’ supply chains.
  • Intermodal Rail: Moving in the Right Direction: As shippers continue to increase demand for supply chain efficiency and speed and focus their attention on improving the environment by reducing emissions as much as possible, U.S.-based transportation organizations are investing considerable funds in either developing or restoring their rail/intermodal infrastructure.
  • Border Rail Line to Connect US, Mexico: A new company will take over repairs and eventual operations of the beleaguered Desert Line railroad, clearing the way for work to begin this summer and for trains to move goods made in Mexico into the United States in 2018.
  • Port of Los Angeles Imports Jumped 15% in May: The nation’s largest container port had its busiest May on record, as import volumes grew and exports recovered slightly from a recent downturn. The Port of Los Angeles imported 400,766 loaded 20-foot equivalent units, or TEU’s, a standard measure for container cargo.
  • U.S. Inflation Firms Amid Rising Gas Prices, Rents: U.S. inflation continued to firm last month as higher gasoline prices and rapidly rising rents more than offset a drop in grocery prices. The consumer-price index, which measures what Americans pay for everything from car repairs to potatoes, increased a seasonally adjusted 0.2% in May from the prior month.
  • What’s Affecting Oil Prices?: Recent acts of terrorism, coupled with political instability surrounding several countries, will negatively affect the global economy – which, in turn, will negatively affect oil demand

What hot topics are you keeping up with this summer?