The most successful digital transformation projects in 2018 will prioritize inbound and outbound data flows and needs, research the industry leaders’ trends, work with their largest partners, and use flexible, neutral technology to connect them.
In 2018, look for core transformative technologies that you can explore with your current relationships. Many companies are seeking to create the next standard or the singular marketplace or platform to corner the industry. Find partners focused on being the best at something and creating real value. Invest time and some staff resources in separating the hype from the practical, as there will be plenty of both.
It would be great if rapid changes were benefiting the inland waterways transportation system, but this is not the case when it relates to lock and dam infrastructure. US locks and dams were constructed during the 1930s New Deal, and more than half have outlived their 50-year design life. Emergency outages and inefficiency from antiquated systems are increasing.
Mark Green, administrator of the US Agency for International Development, announced in November that the Global Alliance for Trade Facilitation, an initiative that aims to help countries reduce administrative barriers to trade, would scale up its operations from four to 20 countries. This is an important move, one that will not only provide a lift for developing countries but also boost US exports and jobs.
Like a chameleon, a successful broker/forwarder has a highly developed ability to adapt to change. We are constantly adapting to continual changes — in trade, transportation, and regulation.
FIATA encourages authorities in the World Trade Organization Trade Facilitation Agreement signatory countries (e.g. Customs, Department of Trade, Department of Foreign Affairs, Ministry of Finance, etc.) to engage with FIATA association members in their own countries to assist the swift and efficient implementation of the agreement as widely as possible in the world.
The Jones Act carriers operating in the trades to Puerto Rico, Hawaii, Alaska, and other territories should subject themselves to a rate review board that includes representatives from the relevant state or territory, in lieu of continuing to enjoy the benefits of protectionism.
Do you hear that alarm? It’s loud, it’s piercing, it’s our industry’s wake-up call.
“Trade has long been a powerful engine for Canada’s economy, and as both the developed and emerging worlds expa
Economic maturity for countries participating in globalization will create opportunities that will impact conta
We continue to experience remarkable changes that directly impact our industry.
As today’s digital revolution unfolds, US freight railroads must keep pace to support technological innovation,
The transformation of container shipping along the east coast of North America is underway.
Rapid changes in trade and transportation are transforming our industry and creating new opportunities for ports to evolve.
Hurricane Irma tested the emergency response preparedness at every seaport in Florida.
Surviving the “perfect storm” we are having in transportation will be based largely on how open you are with the information you have that will help all of your transportation partners help you deliver your freight. The more transparently you share will allow your partners to make faster decisions to enable your shipments to move that much faster.
The freight rail industry, which continues to invest large sums of private capital, welcomes the Trump administration’s pro-business shift, and knows our customers do as well. We are confident it will continue, without compromising safety in the years to come. But we also view many challenges.
Shippers should re-examine their budgets organization-wide, and be flexible. To handle the excess demand, shippers should think differently. They must incorporate their most reliable brokers as “shoulder to shoulder” peers to core carriers.
We just experienced the biggest bump in the economy in a decade, and there are more goods being moved than ever before. All of this leads to one thing, and that is a much higher demand than supply. We have seen what this looks like for the past two quarters, but a confluence of demands will only send prices even higher.
We have always found ways to push the boundaries on supply chain efficiencies beyond what was deemed reasonable, and 2018 will be no different. ELDs will accelerate improvements in shipping inefficiencies. Aging infrastructure needs to be addressed, and significant capital needs to be reinvested in the roads we travel every day to move America’s goods. The trucking industry is ready to pay its share for an infrastructure package that is fair and future focused.