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Though truckers may have taken the initial hit, shippers are proving to be the long-term casualties of the "perfect storm" that rocked the industry a few years back.
Today, over 70 percent of general ocean cargo is shipped in containers, and about 11,000,000 containers, representing $1.5 billion in goods, enter the United States each year. As the wave of incoming containers turns tidal, the question becomes whether the nation's transportation system can handle the flood.
Every year, the logistics world awaits the release of the annual State of Logistics Report with great anticipation. But for all the analysis and insights, what everybody really wants to know is the latest total.
With innovative managers at their helm, the rails have been able to capitalize on surging import volumes as well as the trucking industry's misfortunes. Today, the railroads are handling record volumes.
If you parked yourself along a major interstate highway and classified the trucks that roared by, you'd find that an astonishing 76 of every 100 trucks were actually privately owned.
The recent outcry over the Dubai Ports World proposal made clear that most have yet to grasp what DC VELOCITY's readers and other logisticians already know: We don't have control of our own supply chain and haven't for some time.
Until recently, "lean" principles have mostly been applied to manufacturing processes. Only a handful of companies have applied the concept to their supply chains.