Transportation TIP List: Week of March 3rd, 2019
Daylight Saving Time begins this upcoming Sunday, and despite losing an hour of sleep, our clocks will “spring forward” one hour to maximize some much-needed sunshine. Likewise, this week’s TIP List has a particularly bright outlook; including news on the growing freight business and the projected increase to the size of the global supply chain analytics market. Don’t waste any time – check out the articles below!
- Fastest-Growing U.S. Truckers Don’t Expect Slow 2019: Trucking companies that made double-digit revenue gains last year will find it hard to repeat in 2019, as the U.S. economy is expected to slow. But the fastest-growing U.S. motor carriers are still betting a combination of acquisitions, territorial expansion and strong freight to help them raise their toplines higher.
- Supply Chain Analytics Market Will Be Worth $10.7 Billion by 2026: According to a report by Acumen Research and Consulting, the size of the global supply chain analytics market is expected to be worth $10.7 billion by 2026, growing with 15.5% CAGR during the forecast time period.
- Changes to International Fuel Surcharges Coming in 2020: On January 1, 2020, a new global regulation will be put into effect in the effort to reduce air pollution from container ships. Currently, most vessels can use bunker fuel with up to 3.5% sulfur content outside current emission control areas – the new global sulfur cap will become 0.5% in 2020.
- FTR’s Shippers Conditions Index (SCI) for December Highest Since 2016: After a basically neutral reading in November, FTR’s SCI moved into positive territory in December. The December SCI measure at 1.7 was the strongest for the index since August of 2016.
- Managing a Supply Chain in Uncertain Times: No one knows what the future holds for the logistics industry. Luckily, a new multiyear research initiative called “Logistics 2030—Navigating a Disruptive Decade,” was recently launched to create an accurate portrait of supply chain challenges and guide industry professionals through the uncertainty that lies ahead.
What industry projections are you following this week?