For those of you on the coasts (all three of them—East, West, and Gulf) you may be vaguely aware of the Bakken oil boom in North Dakota. For those of us in neighboring states, North Dakota is the source of a clichéd “giant sucking sound,” the likes of which this generation has never experienced. And it has all happened incredibly quickly. The Ninth District Federal Reserve Bank (FRB) has been diligently monitoring and quantifying this boom. They recently calculated that North Dakota just topped an average output of 1 million barrels of oil per day. Typically, you can get 19 gallons of gasoline out of a barrel of oil. Therefore if that oil was turned into gas, North Dakota alone would produce 19 million gallons of gas per day! » Read More
Oil and Gas
You may have already heard that on January 1, 2015, ocean vessels will face stricter sulfur emissions regulations. While this may seem like it won’t affect you, think again. It’s true that carriers will be responsible for compliance with the change. However, the cost of compliance is often passed on to shippers. » Read More
Global Transportation, Supply Chain
Editor’s Note: Last week, Dr. Edgar Blanco contributed a blog post for Connect. We’re sharing his original post here because Megacities are a relevant topic. Please share your thoughts and read the blog post, Guest Post: Collaboration the Key to Unblocking Megacity Streets?
Picture a truck delivering product in a traffic-choked megacity and physical obstacles such as a maze of one-way streets come to mind. But hindrances like these are manifestations of a more fundamental problem: constantly changing traffic regulations.
How do companies overcome regulatory speed bumps in sprawling urban areas where government is highly fragmented and the movement of passenger vehicles often takes precedence over freight flows? » Read More
Over the Road, Supply Chain, Supply Chain Consulting
In the transportation industry, there are many moving parts that can impact your day-to-day operations. From monitoring carrier capacity and driver shortages to tracking diesel pricing, staying current on the events in transportation means you will be better equipped to make knowledgeable business decisions and drive growth and efficiency into your supply chain. The Market Update, a new monthly post highlighting key factors that impact the transportation industry in North America, will keep you up to speed on the latest news and topics that matter to your business. » Read More
Carriers, Global Transportation, Over the Road, Supply Chain
It may be summer now, but thoughts of autumn are already in my head. For many people that means the leaves change colors, kids go back to school, and more comfortable temperatures are on their way. But for me, it also means football; specifically, college football. Sure, the NFL is the king of football, but that doesn’t stop me from watching and following my favorite college teams. I’m a Big Ten fan and my team is the Minnesota Golden Gophers. Many of you may be asking, “Minnesota has a college football team?” And the answer is, “Yes, they do.” And what’s more, at one time they were great. » Read More
It’s easy to understand the importance of routine checkups with medical professionals like doctors and dentists to gauge a body’s health. Many people have a similar approach with insurance policies or financial investments—annually verifying that the coverage or diversification is still appropriate. So, why wouldn’t you apply the same rigor to supply chains? » Read More
Freight Services, Global Trade Resources, Mexico, North American Border Crossing, Over the Road