Transportation TIP List: Week of November 27th, 2016

Posted - November 30, 2016

With the celebration of Thanksgiving this past weekend and Giving Tuesday this week, the winter holiday season is in full force and our morale is in high spirits! And our TIP List is showcasing a surplus of transportation and supply chain information for you to cherish. As shipping owners are celebrating the surge in freight rates and the sales of durable goods continue to rise, the industry is joining in the upbeat holiday spirit. Give the stories below a look!

  • Largest Ever Pack Expo Breaks Records: The 2016 Pack Expo International became the largest processing and packaging show in its history, with a record-breaking 2,512 exhibitors spread over 1.25 million net square feet of exhibit space welcoming more than 47,000 targeted buyers.
  • Trump Drops Asia Trade Pact, Opening the Way for China to Lead: An ambitious Asia-Pacific trade pact linking the United States and 11 countries lay in shreds on Tuesday after U.S. President-elect Donald Trump said he would eliminate the deal on his first day in office. Trump termed the Trans Pacific Partnership “a potential disaster for the country.”
  • Dry-Bulk Shipping Owners Get Reprieve as Rates Rebound: A recent surge in freight rates has dry-bulk shipping owners rejoicing after a deep slump had pushed many of the world’s biggest shipping companies into the red and some smaller ones out of business. The Baltic Dry Index is hovering at a two-year high of 1,232 points.

What other transportation industry trends do you think we may see this holiday season?