Chain Links: What We're Reading This Week
Tianjin's deadly blasts expose China's work safety woes
A deep-rooted business mentality that puts profits ahead of safety seems hard to break in Beijing's fight against workplace accidents. The latest revelations on Ruihai International Logistics, the operator of the HazMat warehouse, suggest that a common Chinese business model — which taps heavily into connections with people in government — means safety rules can be to benefit company.
Source: The News-Times (Danbury, Ct.)
China's Building a Huge Canal in Nicaragua, But We Couldn't Find It
The idea is that a Nicaraguan waterway will attract many of the larger vessels that the Panama Canal has historically struggled to accommodate. Yet a four-day tour through El Tule and surrounding areas slated for initial development cast doubt on the project.
Source: Bloomberg.com
This summary of a conference call between Stifel, Nicolaus & Co. analysts and Evan Armstrong, president of the consulting firm Armstrong & Associates, includes a detailed review of recent developments and current conditions in the U.S. third-party logistics industry, as well as Armstrong’s industry forecast for the near future.
Source: Stifel Global Transportation & Logistics Equity Research
Former trucking journalist slams the industry in Times’ op-ed
Howard Abramson, who spent 16 years as chief editor of Transport Topics, arguably the nation’s leading trucking paper, as well as its publisher for a good part of that time, takes the industry to task in this New York Times op-ed.
Source: The New York Times
The American Trucking Associations’ response to the op-ed
Bill Graves, head of the trucking trade group, penned a detailed rebuttal to Abramson’s op-ed. ATA submitted the piece to the Times for op-ed consideration. The Times did not publish it.
Source: American Trucking Associations
Unemployment Among Young Adults: Exploring Employer-led Solutions
A Brookings Institution report suggests that distribution and logistics companies need to do a better job of bringing young people into the industry.
Source: Brookings Institution
Automated trucks get funding from Intel Capital and Lockheed Martin
Automated driving technology got a big push when Peloton Technology, of Mountain View, Calif., announced it had won $17 million in funding from investors including Intel Capital and Lockheed Martin to develop a “truck platooning” system to improve driving safety and fuel-efficiency by sharing vehicle-to-vehicle communications between trucks.
Source: Street Insider.com
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