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OCTOBER 7, 2016
INDUSTRY INSIGHT
COMPLIANCEUnderstanding the Price of Your Reputation ― p6
WWW.CRANEWW.COM
Will Self-Driving Trucks Soon Hack Away at 1.7 Million US Jobs? p3
3PLThe 21st Annual, 2017 Third-Party Logistics Study ― p4
OCTOBER 7, 2016 INDUSTRY INSIGHT
IATA’s August data point to rising demand in global airfreight―Air Cargo World
2016 Trucking Perspectives―Inbound Logistics
Will Self-Driving Trucks Soon Hack Away at 1.7 Million US Jobs?―Supply Chain Digest
CONT
ENTS INDUSTRY NEWS
4
3
The 21st Annual, 2017 Third-Party Logistics Study―Supply Chain 247
4
Breakbulk carriers squeezed by container, simple bulk sectors―American Shipper
5
Measuring the Human Toll Taken By Hanjin’s Insolvency― Inbound Logistics
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6 Understanding the Price of Your Reputation―Ethixbase
COMPLIANCE CORNER
3 Brexit drives up UK international road freight prices―Lloyd’s Loading List
5
6 China says has netted one-third of top overseas graft suspects―Reuters
6
US funds fed corruption in Afghanistan, eroding security fighting Taliban ―The Guardian
6
What is Grand Corruption and how can we stop it?―Transparency
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OCTOBER 7, 2016 INDUSTRY INSIGHT
Brexit drives up UK international road freight pricesLloyd’s Loading List - The weakening of the pound since the UK’s vote to leave the EU has significantly increased UK international haulage costs for those paying in sterling, according to analysis by European road freight specialist Freightex.
CEO Tim Phillips said the UK’s vote for Brexit at the end of June was the dominating factor of the last quarter in terms of UK international road freight pricing, chiefly because it had led to an immediate drop in sterling from €1.30 to around €1.18, a fall of more than 10.2%. Although that was followed by a small period of recovery that took sterling back over €1.20, recent weeks had seen a further weakening of sterling, as speculation grows on the full impact of Brexit, with the pound now running below €1.15.
With around 80% of capacity across the Channel provided by mainland Europe-based companies, there had been the predictable effect on prices, Phillips said
in his quarterly review of UK cross-Channel road freight pricing, published today in Lloyd’s Loading List. “We have seen significant upward movement for UK-paying customers for all international movements,” he said.
...continues
> Read the full article here
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Will Self-Driving Trucks Soon Hack Away at 1.7 Million US Jobs?Supply Chain Digest - US Government Issues First Testing Rules, as Many See Platoons as Logical First Scenario for Self-Driving Trucks
It’s hard to know exactly where things stand with self-driving trucks., and whether they are just years away from reality or unlikely to be on the roads for decades. However, recent trends seem to point more towards the former scenario than the latter.
For example, in August ride sharing giant Uber announced it was acquiring OTTO, a developer of self-
IMAGE: IStock
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OCTOBER 7, 2016 INDUSTRY INSIGHTdriving truck technology that was founded by former members of Google’s self-driving car team, putting plenty of capital available for research and development on the concept potentially available.
What’s more, the Obama administration just recently put its weight behind automated driving, for the first time releasing federal guidelines for the systems. Those rules are addition to about a dozen states that have already created laws that allow for the testing of self-driving vehicles. ...continues
> Read the full article here
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Breakbulk carriers squeezed by container, simple bulk sectors American Shipper- The last three months saw “some of the worst” conditions “in living memory” in the multipurpose and project cargo sectors, with little chance for any significant improvement until the end of 2017, according to shipping research and consulting firm Drewry.
It’s not only container operators that are having trouble this year.
“The last three months have been some of the worst the multipurpose and project carrier sector has endured in living memory. The breakbulk and project cargo sector remain weak, with little suggestion that volumes will improve significantly until the end of 2017,” according to the latest Multipurpose Shipping Market Review and Forecaster report published by the London-based shipping consultant Drewry.
-The operators of breakbulk ships are being squeezed with increased competition from both the operators of container ships, who through the use of equipment such as flat racks and open top containers can handle oversize cargo, as well as operators of simple bulk ships.
...continues
> Read the full article here
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The 21st Annual, 2017 Third-Party Logistics StudySupplyChain247- The 2017 21st Annual Third-Party Logistics Study shows that shippers and their third-party logistics providers continue to move away from primarily transactional relationships and toward meaningful partnerships.
Since the study began 21 years ago, researchers have seen the continued improvement in the strategic nature of relationships between shippers and third-party logistics providers.
This year’s survey suggests 3PLs and their customers continue to improve the quality of their relationships.
...continues
> Read the full article here
> Download the report here
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OCTOBER 7, 2016 INDUSTRY INSIGHT2016 Trucking PerspectivesInbound Logistics- Inbound Logistics’ exclusive trucking market research report delivers shipper and trucker insights into the industry’s challenges and trends.
The trucking capacity crisis that plagued the industry for the past several years seems to finally have eased off—at least for now. Finding available capacity is still a problem that plagues some shippers, but the driver and capacity crunch is not as pronounced as it was even one year ago. In the wake of that crisis, government regulation and the economy now top the list of concerns for motor carriers trying to turn a profit following the Great Recession, which left many carriers lighter in both assets and capital.
The U.S. trucking industry has long been known as the barometer for the U.S. economy. Typically, respondents to the Inbound Logistics Trucking Perspectives survey overwhelmingly coincide in one direction or another about which way our economy is heading because they have their fingers directly on the pulse of American commerce. In 2016, however, the survey shows that most carriers agree that they have no idea what will happen next. Sixty-six percent of respondents say they don’t see the economy trending up or down, but somewhere in between. ...continues > Read the full article here_____________________________________________
IATA’s August data point to rising demand in global airfreightAir Cargo World- Concurring with similar conclusions from analysts at Drewry and WorldACD, the International Air Transportations Association (IATA) determined that August showed some encouraging signs of recovery in the global airfreight market, although some regions remain stagnant.
Data for the month of August indicated a 3.9 percent, year-over-year, rise in demand for worldwide airfreight services, measured in freight tonne kilometers (FTKs). IATA figures provided more evidence that all airfreight markets ....continues > Read the full article here
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Measuring the Human Toll Taken By Hanjin’s InsolvencySupply Chain Management Review- While there have been reports that Korean Air Lines has pledged 60 billion won (U.S. $54.6 million) to help pay for the discharge of cargo that is still stranded on Hanjin’s ships, there are also rumors that as many as 800 Hanjin employees will lose their front office jobs.
The human toll of the financial catastrophe is much worse for the seafarers still held hostage by the company, however. ...continues
> Read the full article here
IMAGE: Wikipedia
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OCTOBER 7, 2016 INDUSTRY INSIGHT
Compliance Corner
Understanding the Price of Your Reputation Ethixbase- Arguably a company’s reputation is one of its most important assets when it comes to managing investor and public perception. As more and more corporate bribery and corruption scandals continue to unfold, understanding reputational risk – its drivers and ways in which to mitigate these – is critical to safeguarding your organisation’s reputation.
This blog post, part of the Insights series from the Ethical Alliance Resource Centre, looks at the intrinsic links between ethical conduct, reputation and shareholder accountability, all crucial drivers to a business’ bottom line.. ...continues
> Read the full article here._____________________________________________
China says has netted one-third of top overseas graft suspectsReuters- China has bought back to the country one-third of those on its top 100 list of most wanted corruption suspects who have fled overseas, the ruling Communist Party’s top graft buster said on Tuesday.
China issued the list in 2014 of people subject to an Interpol “red notice” - the closest instrument to an international arrest warrant.
Since then, 33 of those people have been caught, the Central Commission for Discipline Inspection said in a short statement. ...continues
> Read the full article here.
What is Grand Corruption and how can we stop it?Transparency- Grand corruption is one of the great unresolved legal challenges of our day. With its serious and often global effects, combatting grand corruption must be the responsibility of the international community.
For this to happen grand corruption should be treated as an international crime.
Transparency International has developed a legal definition of grand corruption to encourage advocates, scholars, lawmakers, and others to seek ways to enhance accountability of high-level public officials and others whose corruption harms their citizens egregiously and too often with impunity. ...continues
> Read the full article here._____________________________________________
US funds fed corruption in Afghanistan, eroding security fighting TalibanThe Guardian- From the very beginning of its intervention in Afghanistan, the US sabotaged its own efforts by feeding corruption in the country’s government and the security forces meant to fight the Taliban, according to a new report by a US Congress watchdog.. ...continues > Read the full article here.
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