It can be said that 2017 has certainly been a year of change, growth, and some surprises as it relates to the U
Keeping costs in check and terminals congestion free are two of the main drivers that will ensure ports’ success in the coming year.
The role of the trade compliance professional continues to evolve. Completely rewritten bilateral trade arrangements will perpetuate this exciting trend. Identifying experienced trade compliance talent, particularly export talent, continues to grow exponentially more difficult as companies add head count in this area and there are simply not enough qualified candidates to fill the roles.
Regulatory oversight for this industry is a challenge in terms of keeping pace with the changing business climate while also maintaining a focus on the Federal Maritime Commission’s core mission under the Shipping Act — to ensure a competitive and reliable international ocean transportation supply system that supports the US economy and protects the public from unfair and deceptive practices.
At a time when political discourse around the world is often polarized and reactive, one of the challenges for a global industry such as shipping is to find a way to help governments maintain enough consistency in regulation to allow the industry to continue to support the world’s economy without unnecessary disruption.
The NAFTA agreement is important not only on its own merits, but it will give a clear indication to the trade community on the current administration’s approach to other pending major trade issue.
Hiring in the maritime transportation industry was surprisingly steady overall in 2017. We are optimistic that it will remain so in 2018, and the lure of this ever-changing industry will continue to attract and retain talented professionals.
Collaboration and interdependence among industry segments will continue to be core elements of successful international trade in the future.
Mergers and acquisitions, changes in alliances, the emergence of a small number of very large shipping houses, and a strong focus on digitalization, present shippers with promises, challenges, and a lot of questions.
Maritime stakeholders must devote increased attention to seafarer mental health this year.
Ocean freight rate volatility in the US container trades is likely to increase this year, especially in the spot markets on which many non-vessel-operating common carriers and their customers rely.
Expect the outcome of pending trade deals, the accommodation of larger ships, and response to new regulation to continue to shape the industry in 2018.
2017 brought many important changes to trucking.
Looking three to five years ahead, there continues to be growing dialogue on driverless trucks and how they could impact the industry.
Numerous shifts in trade, transportation, and regulations are converging on the transportation industry.