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As the year concludes and we look into the New Year, we reflect on the final month of the year—December and everything that occurred in the transportation and logistics world. To start we address the Pennsylvania Parking shortage with a report titled “expanding truck parking in Pennsylvania,” emphasizing public-private collaboration and designating PennDOT as an executive sponsor. Additionally, this year the progress for battery-electric trucks was slower than expected. Issues arose in both the Red Sea and the Panama Canal where there were attacks on commercial vessels in the lower Red Sea, and a drought in the Panama Canal forcing shippers to pick between extended wait times or high fees.
Amid Red Sea turmoil, LNG tanker rental rates have dropped below $100,000 a day in the Pacific basin due to reduced demand from mild weather and market segmentation. Finally, on a more positive note, Canada has allocated $3.9 million for safety improvements on the Alaska highway for safer roadways. As the heart of winter continues, and we reflect on December, we are excited for what’s to come in the industry.
