The Daily: May 4, 2022

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Good morning, it’s Hump Day! 😎

Diesel prices have hit a new high. Again. This seems to be a reoccurring topic on iLevel these days. Jumping nearly 35 cents in just the past week, the national average is now $5.509 - up $2.367 from only one year ago.

Check out today’s featured article from Trucking Info for details on diesel prices that might make you tear up… just a little bit. ☕️

Road stretched underneath a canopy of trees with orange leaves.

“You can, you should and if you're brave enough to start, you will."

- Stephen King


Today’s Featured Article:

Diesel Prices Hit Another Record High - Fuel Smarts - Trucking Info

“The average price of a gallon of diesel fuel jumped nearly 35 cents last week, to a new record of $5.509, according to the U.S. Department of Energy. That’s up $2.367 from a year ago.”

READ COMPLETE TRUCKING INFO ARTICLE HERE

The Latest On…

Network Association 🤝

Tenstreet Acquires Vnomics, True Load Time - Fleet Management - Trucking Info

“Both True Load Time and Vnomics' acquisitions augment Tenstreet's retention and engagement services by reducing the friction drivers encounter.”


Electric Vehicles 🔋

White House announces $3.1 billion for U.S. EV battery manufacturing (cnbc.com)

“The Biden administration announced on Monday that it will provide $3.1 billion in funding to support efforts to make electric vehicle batteries and components in the United States.”

Here's how much the Ford F-150 Lightning's home backup charging will cost | Fox Business

“Based on average of 30 KwH of use per day, the F-150 Lightning with extended-range battery provides full-home power for up to three days.”

Stellantis plans $2.8 billion EV overhaul of Canadian factories (cnbc.com)

“Auto giant Stellantis will invest about $2.8 billion to overhaul two Canadian factories to build fully electric and hybrid vehicles, the company said on Monday, as part of its $35 billion global commitment to electrification and related initiatives.”

Rivian Wins $1.5 Billion in State Incentives for Georgia Plant | Transport Topics (ttnews.com)

“Electric-pickup maker Rivian Automotive Inc. will receive $1.5 billion in state and local incentives to build a massive plant near Atlanta, bolstering the company’s production efforts despite local resistance to the project.”


Inflation 💸

Small business owners says inflation single most important problem | Fox Business Video

“‘Making Money' host Charles Payne and Franklin Cellars co-owner Elliott Bey discuss the impact of inflation on small businesses.”

'Very, very unlikely' the Fed can tame inflation without sparking a recession, former NY Fed chief says | CNN Business

“The Federal Reserve helped rescue the economy from the worst pandemic in a century. That task may prove easy compared with the Fed's next mission: crush inflation, without causing a recession.”

Fed to fight inflation with fastest rate hikes in decades | AP News

“The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow — for a car, a home, a business deal, a credit card purchase — all of which will compound Americans’ financial strains and likely weaken the economy.”


Business Strategy 💡

E-commerce Growth: Slower but Hefty - Inbound Logistics

“Even as growth slowed from 2020's pandemic-fueled explosion in activity, the global e-commerce market still grew a robust 19.9% in 2021, according to Transport Intelligence (Ti).”

How a Seattle Nursery Survived the Shift to Online Business | SupplyChainBrain

“The pandemic forced Plant Shop to transition quickly to a delivery model. A software application was the solution to optimizing the daily routing plan.”

Mobile Solutions Enable Efficient Facility Management Operations - Inbound Logistics

“Utilizing mobile solutions such as a tablet can optimize facility management. Here are the features to consider when selecting a tablet for industrial needs.”


Cab Tech 🚛

Truck cabs go high-tech | DC Velocity

“New ‘connected cab’ technology promises to make truck drivers’ lives easier and the job more appealing, fleet managers say. But first, they have to convince the holdouts.”

Most fleets use speed limiters | Commercial Carrier Journal (ccjdigital.com)

“The Federal Motor Carrier Safety Administration (FMCSA) last week said it would press forward with a rulemaking to require speed limiters on commercial trucks – an initiative that had been mostly dormant since early in the Trump administration.”


Trade & Border Issues 🗺

The impact of the European energy crisis on supply chains (allthingssupplychain.com)

“The topic of energy has been widely discussed since the climate crisis began, and now, energy is experiencing a crisis of its own, due to the current events happening in Ukraine.”

Record fuel exports from US Gulf Coast drain tanks at home | AJOT.COM

“Oil held gains above $105 a barrel as investors weighed higher demand for refined products against a slew of lockdowns in major cities in China.”


Fuel ⛽️

Supply Chain News: Soaring Diesel Prices Hammering US Truck Drivers | SC Digest

“On the road prices for diesel fuel used by US truckers reach an all-time high Sunday, with the average price of a gallon of diesel hitting $5.29, up about 4.3% from one week ago and nearly twice as much as the same date in 2021, according to the daily survey from AAA.”


Human Resources 📝

Finding Talent By Considering Alternative Credits | Material Handling and Logistics (mhlnews.com)

“Almost half of U.S. workers have some form of alternative credential, according to a new SHRM study.”


Regulations ⚖️

GOP's Graves Pursues Transportation Oversight for Infrastructure Law | Transport Topics (ttnews.com)

“During a spring agenda in which Democrats seek to deliver on supply chain and gas tax measures, in addition to confirming officials for the Biden administration, the top Republican on the U.S. House transportation panel is dedicating resources to conduct oversight.”

Republicans Introduce Bill to Reform the SBA - Small Business Trends (smallbiztrends.com)

“Republicans from the House Committee on Small Business recently introduced a bill called the ‘Improve the SBA (Small Business Administration) Act.’”


Maintenance & Repair 🧰

Finding the right part is as easy as PIES | Fleet Maintenance

“The heavy-duty Product Information Exchange Standard allows heavy-duty suppliers to communicate product information, ensuring the right parts are delivered.”

 

Tech 📟

Rocket Lab attempted rocket booster catch with a helicopter (cnbc.com)

“Space company Rocket Lab briefly caught its Electron rocket using a helicopter after a launch for the first time on Monday, but released the booster and dropped it into the ocean before recovering it.”


Trucker’s Lounge 🧢

Mike 'Mustang' Crawford's 1994 Freightliner: 4 million safe miles | Overdrive (overdriveonline.com)

“Well, Mike "Mustang" Crawford has finally gotten all the way there. At around 5 a.m. Thursday morning, April 28, he passed 4 million miles, all without an accident, a feat accomplished by so many of the best of the best out there delivering the goods.”

Puppy love: Couple discovers joys, challenges of life on the road with dogs - TheTrucker.com

“There’s an awful lot about LeAnna Thompson’s life that followed its own muse.”

Success can be achieved in trucking, if we lift each other up - Truck News

“There’s one thing that we do well in the trucking industry. We promote negativity.”


Diversity 🤜🏻🤛🏿

'All drivers': Support-effort mission for LGBTQ+ trucker network | Overdrive (overdriveonline.com)

“‘That's the one thing you see at all the shows. Everybody says, 'we're hiring drivers, we're hiring all drivers, we love all drivers.' That's a campaign.”

Women In Trucking Association Announces its May 2022 Member of the Month

“The Women In Trucking Association (WIT) has announced Charlene Frelix Johnson as its May 2022 Member of the Month.”


Hours of Service ⏰

Automated Ports See West Coast Dockworkers Clock More Hours | 2022-05-03 | SupplyChainBrain

“Employers at West Coast ports at the center of the U.S. supply chain crisis released a study extolling the benefits of automation a week before the start of labor talks where the issue is set to feature.”


Unions 🪧

Amazon Defeats Drive to Unionize Second New York Facility | 2022-05-02 | SupplyChainBrain

“Amazon.com Inc. workers at a facility in New York voted not to join an upstart union only weeks after the group won a resounding victory at a warehouse across the street.”


Leadership 🏆

Watch: The 9th Annual Supply Chain Innovation Report From MHI | SupplyChainBrain

“Nine areas are surveyed in the MHI report on supply chain technologies, says Thomas Boykin, specialist leader in Deloitte's supply chain operations practice.”


Artificial Intelligence 🤖

The “Race” to Win the Autonomous Truck Market - Logistics Viewpoints

“There is no doubt that autonomous trucks will change the face of logistics. But there are questions that many would like clarity on around this cutting-edge technology.”


Fuel Tech ♻️

Report: 51% of CSCOs would sacrifice profit for sustainability | DC Velocity

“Business leaders will turn to data and new technologies to make supply chains more sustainable and resilient; say they’d give up 5% of profit to improve sustainability outcomes.”

The 10% fleet efficiency solution | Commercial Carrier Journal (ccjdigital.com)

“There is magic around the 10% solution. I expect many fleets and OEMs have sat through many presentations, read many articles and reports where the claim of a 10% improvement in fuel economy is supposed to wow.”


Manufacturing ⚙️

April manufacturing output declines but still showing overall growth, reports ISM - Logistics Management (logisticsmgmt.com)

“The report’s key metric, the PMI, had a reading of 55.4 (a reading of 50 or higher indicates growth), down 1.7% compared to March’s 57.1, while marking the 23rd consecutive month of growth, at a slower rate, as well as the 23rd consecutive month of overall economic growth.”


News Bag 🗞

10 Informative Graphs to Start Your Week — iLevel Logistics

“Best work-life balance countries, the largest shipping ports in the world, the log Jam in Shanghai... here are ten graphics to start out your week.”


Ports 🚢

Did An American Truck Driver Change Ocean Shipping Forever? (gcaptain.com)

“A Coalition civilian contractor directs the movement of equipment sent from locations in Iraq, to Camp Arifjan, Kuwait, Jan. 19, 2022”


Health & Safety 🦺

Federal government raising awareness about violence against female truck drivers - TheTrucker.com

“On a moonless night about a decade ago along Interstate 40 in Arkansas, April’s eyes were too tired to see anymore. Things were getting blurry, and she needed some shuteye.”

OOIDA stresses need for valid science in drug testing comments - (landline.media)

“While acknowledging the potential cost savings of oral fluid drug testing for truckers, OOIDA said the benefits will only be realized if the forensic science is valid and trustworthy.”


Marketing Approach 🤳

What you need to know about the creator economy - SmartBrief

“The creator economy is growing, and so are advertising opportunities within it.”

Preaching to the choir | Seth's Blog (seths.blog)

“The original expression implies that preaching to the converted is a waste of time. After all, why bother marketing to people who are already on the team?”




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