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Roundup: August 1

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November 30, 2016   |   Athens, Georgia

Transportation Industry News and Notes

Union Pacific’s profit falls 19% in the midst of a sluggish freight year.

Airline revenues appear to be slightly down for the year.

Japanese based Komatsu, Inc. (Caterpillar’s chief rival) has purchased mining equipment maker Joy Global for $2.9 billion. Caterpillar will remain the world’s largest equipment manufacturer.

For the second straight year, the Georgia Ports Authority has topped 3.6 million containers. This month, the GPA also approved funding for Georgia’s 2nd inland port in Murray County.

Caterpillar sees no end to a general industry slump driven by low economic growth, geo-political events such as Brexit, and anti-trade rhetoric in the United States.

Boeing is reportedly considering phasing out production of the popular 747.

State News

Click here to see how the new 75 South Express Lanes will work.

The July Logistics Market Snapshot is now available. The highlights include:

  • The Dow Jones Transportation Index dropped 3.7% in June.
  • Imports were up 1.8% and exports were down .2%.
  • E-Commerce revenue was up 7% in June.

A date has been set in the “Tri-State Water Wars.”

The 2016 GOP Platform is decidedly stale on infrastructure issues.

Freight railroads are pushing back hard against a proposed rule from the Federal Railroad Administration to keep two – man crews on trains (with small exceptions).

Seniors in Georgia care a lot about transportation issues.

At the Southern Legislative Conference in Kentucky, Georgia’s own Senator Steve Goochand Senator Brandon Beach were featured speakers on transportation and infrastructure policy.

June 13: Governor Nathan Deal announced a major partnership with South Carolina on an “estimated $75 million project to replace existing Interstate 20 bridges over the Savannah River and the Augusta Canal and add lanes on I-20 to Exit 1 in South Carolina.”

June 11 in History: In 1916, President Woodrow Wilson signed the Federal Aid Road Act.

The Port of Savannah has welcomed its first ship through the new expanded Panama Canal.

Last week in history: the first parking meter was installed in 1935.

National News

Congress adjourned for summer work sessions on July 15, and on the way out of town:

  • Senate Majority Leader Mitch McConnell (R – KY) expressed doubts that passing TPP (TransPacific Partnership) in 2016 was unlikely.
  • The House passed legislation related to airport perimeter security.
  • The House and Senate passed a 14-month FAA extension.

The U.S. Department of Transportation’s Federal Transit Administration has announced agrant funding opportunity of $199 million for the implementation of Positive Train Control (PTC).

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