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It can be said that supply chain dreams come true in Florida, with an impressive logistics infrastructure that places the Sunshine State at the forefront of the shipping industry. With 19 commercial service airports, 15 deep seawater ports, more than 2,700 miles of railroad, and 12,000-plus miles of state highways, according to reports, the future is looking bright. The new year is upon us, and with it comes exciting new trends to keep an eye on. Take a look at some of the most talked about logistics trends thus far.
Online shopping has made purchasing favorite products all over the globe easier than ever. As more and more consumers click that “buy” button, manufacturers are competing by offering faster shipping, from same day delivery to next day delivery. How will this affect the drayage industry? High performance demands are prompting faster, more efficient supply chains. Everything from inventory management, warehousing strategies, technology integration and distribution practices are being fine tuned to meet the challenges that e-commerce presents.
The ELD was officially introduced in 2018 in order to promote road safety in accordance with HOS compliance. According to FMCSA, “An ELD synchronizes with a vehicle engine to automatically record driving time, for easier, more accurate hours of service (HOS) recording.” Truck drivers are required to provide the maximum 50 hours of service a week, with two days off. Furthermore, inspections will be given on highways and at ports to with ELD warnings issued to those not up to date with the new mandate. All carriers are required to comply to ELD regulations by April 2018. For more information, click here.
The state’s impressive logistics infrastructure is only the tip of the iceberg when it comes to the significance it places as a major international shipping hub. According to studies, in 2016 more than $142 billion in cargo trade came through Florida's airports and seaports. It’s close proximity to South America helps boost the ease in which to move goods from region to region, and Florida boasts one of the lowest income tax rates in the country at a 5.5 percent corporate income tax rate. With the growth of e-commerce, Florida’s logistics industry is getting notice for efficiency in being able to handle consumer demand on an international front. Time will tell how this will impact drayage and the supply chain as a whole!
