Welcome to U.S. Bank Transportation News.
Timely articles and insights for the transportation industry from U.S. Bank, a leading provider of global freight payment solutions, and American Shipper. Watch for U.S. Bank Transportation News every two weeks. Share this complimentary publication with your network – spread the news and make connections.
Industrial expansion boosts New Orleans port
The industrial rebirth in the Gulf region, new domestic energy production, and the steady rise in U.S. exports has benefited the Port of New Orleans, laying the groundwork to grow cargo volumes further.
Read more about the expansion.
Retail imports projected to grow
Import volume at the nation’s major retail container ports is expected to increase of 2.3 percent over 2012.
Read more about this growth in import volume.
WTO ministers agree on trade facilitation pact
The multilateral trade agreement could provide an annual global benefit of between $400 billion to $1 trillion by shaving 10 percent to 15 percent from the regulatory cost of importing and exporting, and could stimulate more trade and allow countries to collect more revenue at the border.
Read more about the agreement.
Congress introduces gas tax hike
The bill phases in a 15-cent-per-gallon tax on gasoline and diesel to help pay for needed road infrastructure repairs and upgrades that the American Society of Engineers has pegged as costing $2 trillion.
Read more about this tax increase.
Experts question viability of Amazon drone delivery system
Amazon CEO Jeff Bezos' disclosure that Amazon was studying the use of unmanned aerial vehicles (UAV) to deliver small packages in urban areas was met with skepticism by some supply chain experts.
Read more about these experts' views.