Viral Video of F-150 fire fuels concerns of EV risk
Good morning! It's time to kick off your weekend with a fresh dose of supply chain news, served straight to your inbox. So grab your coffee, settle into your favorite chair, and let's dive into the latest buzz buzzing in the world of logistics. ☕️
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The F-150 Lightning is an all-electric pickup truck produced by Ford Motor Company, based on the popular F-150 pickup truck. Unlike its traditional gasoline or diesel engine counterpart, it is powered by electric motors and a battery pack. The Ford F-150 Lightning is also gaining popularity on the internet after a video surfaced showing a fire shooting out of the electric truck. Fortunately, no one was in the vehicle at the time…
Check out today’s featured article by CNBC News to read more about how Ford plans to address this major issue and why fires with EV batteries can be even hotter than those in regular car batteries. As EVs become increasingly prevalent, will these fires become a regular issue? How will Ford's shares be affected?
Featured Article:
Ford F-150 Lightning fire footage highlights a growing EV risk | CNBC News
“New video footage of a fire that started in a Ford F-150 Lightning earlier this year highlights an emerging concern regarding the adoption of electric vehicles.”
Electric Vehicles & Taxes 💰
EV rebates halted in New Jersey
The purpose of electric vehicle rebates is to encourage consumers to choose cleaner and more affordable EVs over traditional gasoline or diesel-powered vehicles. This is crucial as the transportation sector is a major contributor to greenhouse gas emissions. Unfortunately, New Jersey has suspended its EV rebate program for the time being. According to the New Jersey Board of Public Utilities, the program provided around $35 million in rebates during its first year.
One of the main reasons for offering EV rebates is to reduce greenhouse gas emissions. As transportation is a significant source of such emissions, EVs represent a cleaner alternative. By promoting the adoption of EVs, governments aim to reduce the overall carbon footprint of the transportation sector and combat climate change. In addition, governments may offer EV rebates to support economic growth and create jobs in the EV industry. By stimulating the development and adoption of EVs, governments hope to create a new market for related industries, including battery production, charging infrastructure, and software development.
Regulations & Safety 🚛
Underride guards now mandatory per NHTSA
Recently, the NHTSA has proposed the installation of underride guards on trailers to prevent passenger cars from sliding underneath them during accidents, which can cause severe injuries. However, cost is a major concern, and the agency is weighing the benefits against potential drawbacks. Currently, there are no regulations requiring underride guards in the United States, although some cities such as Boston, Chicago, New York, Philadelphia, Seattle, and San Francisco mandate side guards on city-owned trucking fleets.
The National Highway Traffic Safety Administration (NHTSA) is a US government agency tasked with improving road safety and reducing motor vehicle-related deaths and injuries. The NHTSA establishes safety standards for vehicles and equipment, investigates safety defects and manages vehicle recalls, conducts road safety research, and educates the public on safe driving practices. It was created by the Highway Safety Act of 1970 and operates under the US Department of Transportation.
iLevel With You 🏡
More topics for the average American household to consider…
🔋 Doubt surrounding renewable energy. Now that renewable energy is at the forefront of every company's agenda, it has sparked skepticism among some individuals. While it is understandable for people to have doubts, it's worth noting that fossil fuels, which have been in use for 150 years, are set to be entirely replaced by 2050.
📦 Delivery hubs undergo test run in NYC. In an effort to reduce trucking traffic, the New York City Department of Transportation is testing new local delivery hubs that trucks can use for curbside delivery. The first phase of the program will begin with approximately 20 sites located throughout the city.
☀️ Solar tariffs surge to 254% risk return. Congress is increasingly considering reinstating solar tariffs on imports of panels from Asia into the US. This development is causing concern among renewable energy developers, who are worried about the impact on the US solar industry. There are now discussions on whether to pause Biden's bill due to these potential threats.
Get Smart 🧠
Ramp up that brain power for these advanced topics…
✈️ Revamping Air Cargo for Modern Times. Carriers have announced plans to modernize their operations by eliminating paper trails. Their initial focus will be on transitioning to electronic air waybills, which will enhance organization and eliminate many of the errors that have long plagued the industry.
📊 Supply Risk Detection Draws Investment from 70% of Companies. A new study by Moody's Analytics has revealed that more than half of businesses are making significant investments in third-party risk management in response to increasing threats to the supply chain and the economy. Effective threat detection is crucial for consumer-facing businesses.
🤖 Oracle Incorporates AI into Manufacturing Software. Oracle is a major player in the enterprise market, providing services to a diverse range of industries such as financial services, healthcare, retail, and telecommunications across more than 175 countries. With a workforce of over 140,000 employees worldwide, the company has generated revenue exceeding $40 billion as of 2021. In a bid to modernize its operations, Oracle is now incorporating AI and automation into its supply chain software. This move is expected to enhance their offerings and solidify their position in the market.
The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for November 27, 2024, from iLevel Logistics Inc.