All Entries Tagged With: "supply"
Major Transportation Sector Due For A Makeover
What do your food, clothing, and this computer have in common? They arrived to the shelves of local stores by heavy truck. Essential to consumer society, trucking is regarded as the easiest and quickest means to get everything we need from supplier to seller to you.
Yet trucking is in trouble as growing numbers of independent owner operators go bankrupt. Oil price volatility and nitrogen oxide emission regulations (CO2 emissions are yet unregulated) are hitting the industry hard. Scant improvements have been adopted industry-wide to increase fuel efficiency. Freight trucking was 2008’s second greatest petroleum products user in the United States. Trucks consume 2.4 million barrels per day and their greenhouse emissions have risen over 50 percent since 1990, while the light-duty vehicle sector has only increased about 13 percent.
