$703 million in port funding granted by DOT
Good morning! Happy Halloween Eve… have you picked your costume yet?!
“Pleasure in the job puts perfection in the work.” — Aristotle, father of Western philosophy
It’s raining cash… if you're a U.S. port, that is. The Department of Transportation is funding 41 separate projects across 23 different states and one territory through the Maritime Administration’s Port Infrastructure Development Program. The program’s main mission? Help improve port facilities and streamline the supply chain.
Check out today’s featured article from Marine Link to read about the Department of Transportation’s infusion of $703 million into ports across the United States and what this could mean for the supply chain’s future. ☕️
Featured Article:
DOT Announces $703M in Port Funding; 41 Projects in 22 States | Marine Link
“U.S. Department of Transportation (DOT) announced more than $703 million to fund 41 projects in 23 states and one territory that designed to help improve port facilities through the Maritime Administration’s Port Infrastructure Development Program.”
Artificial Intelligence & Electric Vehicles 🔋
Fully electric autonomous heavy-duty vehicles with no driver at the helm… it happened
After receiving the first National Highway Traffic Safety Administration (NHTSA) approval for operations of this type of vehicle, freight mobility technology company Einride has officially successfully test-run their product. Einride’s autonomous, electric vehicle fulfilled a load without a safety driver behind the wheel to GE Appliances’ facilities.
This successful move is monumental in the future of trucking. Currently, Einride operates one of the largest vehicle fleets in both Europe and the United States.
Shipping & Regulations ⚖️
Shipping industry to ensure difficult, radical change under new climate regulations
The shipping industry is no stranger to disruptions or change, especially after the past several years. However, environmental regulations are the radical disrupter that could change everything. The United Nations International Maritime Organization (IMO) agency is responsible for maintaining regulations in the global shipping sector and new rules have made it clear the UN is focusing on reducing emissions.
As early as January 2023, ships must measure and report exact carbon intensity indexes and submit those reports on an annual basis to the IMO. Those reports will then be graded against IMO standards and disallowed from shipping rotations if rated too poorly. Additionally, ships must report a minimum of 2% improvement year-over-year to continue in their lettered position.
Let’s Get Global 🌎
Child Smile GIF via GIPHY
🤷♂️ President Biden shrugs off Xi Jinping’s concerns about semiconductor production. That was the point, after all. Biden hailed the bipartisan Chips and Science Act, passed in August 2022, which is meant to incentivize companies into producing and source semiconductor chips on domestic soil. While China, the current world leader in the product, is “voicing concerns” - America is on a mission to out-pace them.
iLevel With You
More topics for the average American household to consider…
🤓 Professional education for supply chain leaders is evolving. Recent years have been chock-full of supply chain challenges, which have forced new methods of innovation to come to pass. When it comes to procuring talent, skills to be looked for are change management, collaboration, and creativity. Team leaders should also consider if there are any limitations with an individual working with technical tools run by AI.
GET SMART
Ramp up that brain power for these advanced topics…
💡 It’s not easy to predict the future, but demand planning strategies can help. Third-party logistics (3PL) providers offer partnerships in order to strategize what to do next when supply chain issues arise unexpectedly. When facing a challenge, accurate planning and execution of these strategies can make all the difference.
The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for November 28, 2024, from iLevel Logistics Inc.