Transportation TIP List: Week of April 7th, 2019
Over the past few weeks, the gridlock situation at the U.S.-Mexico border has been widely covered by headlines across the country. And with both passenger and cargo wait times seeing significant daily increases at multiple entry points, this week’s TIP List has the latest news to keep you up-to-date on the current situation and breaks down the potential overall impact of this event on the industry. Keep reading below to stay informed about the ongoing delays.
- Trump’s Border Threats Snarl Truck Traffic: The southern border isn’t closed, but it’s already a mess for trucks hauling goods from Mexico to the U.S., snarling traffic at some of the busiest frontier crossings in the world. Recent threats from Donald Trump to “close” the border means Mexican companies are rushing to get cargo into the U.S., in case of a shutdown.
- ATA Exec Says Closing U.S.-Mexico Border Would Cost Trucking $18 Million a Day: Citing the magnitude of everyday trade between the U.S. and Mexico, Bob Costello, Chief Economist at ATA, said, “If the U.S.-Mexico border closes to commercial truck traffic for more than a couple of days, many U.S. factories will shut down, causing considerable economic pain.”
- Mexico’s New HOS Rule Driving Up Truck Rates: Tightening Mexican truck capacity fueled by new regulations cutting down on how long drivers can stay behind the wheel and at loading docks is pushing up rates, with some users reporting increases of more than 10%.
- Steering, Suspension Systems Focus of 2019 CVSA Roadcheck: Steering and suspension systems will be the focus of the annual CVSA’s International Roadcheck event on June 4-6. Inspectors will conduct the North American Standard Level I Inspection, a 37-step procedure that includes an examination of driver operating requirements and vehicle mechanical fitness.
- Track-and-Trace, Supply Chain Expected to Lead IoT Spending Growth: Among industries spending on IoT, the track-and-trace sector is expected to have the largest spending growth – a 24.2% increase – on devices between 2017 and 2023. Inventory and supply chain management is expected to see a 20.2% growth in spending during the same time, according to Forrester.
Are your operations being impacted by the current situation at the border?