Transportation TIP List: Week of November 6th, 2016
We appreciate all that our servicemen and women do for our country each and every day, but we are especially grateful this Friday as we observe Veterans Day. And this week, our TIP List looks at some of the ways that the transportation industry can join forces to help combat some of its biggest concerns. Below, you’ll find a full formation of these stories, such as cargo theft, the ELD mandate and consolidation in the shipping industry. Forward march!
- Logistics Hiring Surged by 7,500 Jobs in October: Logistics companies returned to hiring last month after a dip in September. Transportation and warehousing payrolls rose by a total of 7,500 jobs in October, with trucking fleets adding 3,000 jobs.
- EU, Canada Sign Free Trade Deal, But the Battle Isn’t Over: The European Union and Canada recently signed a free trade agreement that aims to generate jobs and growth, though it must still clear approximately 40 national and regional parliaments in Europe in the coming years.
- Top 5 Packaging Treats Of October: This month’s must-read packaging stories included the influence of Amazon, Mars Drinks’ redesign, Walmart’s new sustainable packaging initiative and more – check out the top 5 here.
- Supply Chain Strategies For A Post-Global World: Globalization is on the ropes, and we may have already seen its high water mark. Global trade volumes are down, and international trade with the U.S. has fallen during a period of GDP growth for the first time since World War II.
- Preventing Cargo, Truck Theft is A Multi-Layered Attack: The International Cargo Security Council estimates that more than $10 billion in merchandise is stolen or damaged each year. And that cost soars to upwards of $60 billion with productivity losses and higher insurance premiums.
- Shipping Industry Faces Consolidation, Government Bailouts Won’t Fix Low Demand Issue: The shipping industry, long plagued by overcapacity, will benefit from the consolidation and government-led financing solutions currently afoot in Asia. But the reprieve will be temporary at best.
- U.S. Shippers Urged to Step Up Planning for ELD Mandate: ELDs will pose a big challenge to shippers, trucking companies and truck drivers in the U.S.; forcing them to take a hard look at their carriers and brokers and rethink shipping networks.
Are you doing anything special for Veterans Day this week?