Mike Regan gives some great insights into the current status of the trucking industry and what shippers and carriers can expect in the industry. This includes many of the new laws and regulations that have or will be going into effect and the costs to carriers and shippers that are associated.
After Florida Gov. Rick Scott gave final word that the high-speed passenger rail project was dead, officials from many states came forward requesting a portion of the $2.4 billion. The Department of Transportation is taking new proposals from states as to how the money should be distributed for projects in their states.
Many government leaders have met to discuss the spending cuts to the US budget for the current year. In conjunction with these meetings, the White House has proposed $6.5 billion in spending cuts that falls far short of the $61 billion the House voted for last month.
Patrick Burnson shares conclusions between Logistics Management and Insight, Inc. about the current status of supply chain planning.
The Senate approved a measure that will extend surface transportation spending until the end of the fiscal year, which President Obama then signed on Friday.
Crude oil prices reached $104 a barrel last week, the highest level since September 2008. The prices continue to rise due to the news from Libya and supply-demand worries.
– Ben Dundas, Web Analyst