Transportation TIP List: Week of November 27th, 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!
- More Shippers Will Expect ELDs Before Deadline, 3PL Says: Fleets slow to adopt ELDs may find themselves penalized by customers rather than the FMCSA — and shippers will increasingly adopt deadlines ahead of the mandated December 2017 implementation date.
- 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.
- Restriction Lifted to Allow Mexican Carriers to Lease Equipment to U.S. Fleets: A restriction established by the FMCSA barring Mexico-domiciled carriers from leasing commercial vehicles to U.S. carriers to haul freight inside the U.S. and beyond commercial zones on the border has recently been lifted.
- 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.”
- Mexico—The Land of Sunshine, Tequila, and… Automated Warehouses?: Many Latin American countries reliant on oil and other commodity exports have experienced substantial economic downturns since 2014 — which appears to have restrained investment in warehouse automation by companies in the region.
- U.S. Durable-Goods Orders Post Biggest Jump in a Year: Orders for durable goods — products designed to last longer than three years, such as trucks, computers and metals — rose 4.8% in October to a seasonally-adjusted $239.4 billion from a month earlier.
- 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?