Skip to content
Search AI Powered

Latest Stories

fastlane

Keeping America great

I realize our country has some warts and blemishes, but I don't think we need to make it great. We just need to keep it that way.

As the dysfunctional presidential primary continues to rage, one of the leading contenders is suggesting that he has the ability to make America great again.

I realize the country has some issues, but I don't think we need to make it great. We just need to keep it that way. Even with its warts and blemishes, it is not such a bad piece of geography, and I'm not at all sure that turning Wall Street into a shopping mall, expelling the immigrants, and building a wall around us is going to be an improvement.


However, if building something is on the mind, I think the nation's highway infrastructure might be a good place to start. As far as I know, not one candidate has expressed a meaningful view on dealing with this ongoing critical problem.

That's not to say infrastructure has disappeared from the public policy agenda. In the absence of legislative progress on this and other issues, an organization called "No Labels" has stepped in to fill the gap. The foundational premise of this group, chaired by Joe Lieberman and Jon Huntsman, former Utah governor, is that our problems are eminently solvable. In what it calls a policy playbook, the organization lays out a set of 60 proposals that "support good politics and good policy" that it would like to see considered by the next president

Certainly, not everyone will agree with all 60, but there are two that should be of interest to those working in the supply chain and other users of roads and bridges. Idea number 28 reminds us that our infrastructure is in increasingly poor condition, given a grade of D+ by the American Society of Civil Engineers. Thirty-two percent of major roads are mediocre at best, and 63,000 bridges need significant repairs. The funding gap will be $4.7 trillion by 2040. The suggested fix is one we have heard before—i.e., create an infrastructure bank that will rely on public-private partnerships to "design, build, finance, operate, and maintain" the public infrastructure. The bank would be funded by the federal government and led by a bipartisan group. Each project would be undertaken by a public-private partnership and funded by taxes, tolls, and other dedicated revenue. The group cites polls showing that 62 percent of those surveyed were in favor of the plan, but I am sure that many will object to increased tolling and the government's abdication of its legislative responsibility to provide a national infrastructure system.

Idea 29 seems to be an attempt to compromise on a delicate subject: raising the fuel tax. The group supports increasing the tax, but with the revenues split three ways, with equal portions going to reducing personal income taxes, reducing the federal deficit, and shoring up the Highway Trust Fund. I think this is a weak suggestion and no doubt springs from the belief that few politicians will vote for a straightforward increase in the fuel tax. What we need, of course, is an increase in this 1993-level tax with 100 percent of the proceeds going to the Highway Trust Fund.

In the meantime, I continue to be intrigued by the fact that state legislators don't seem to have the job security fears or paranoia that members of Congress evidently do. North Dakota and South Carolina recently joined the growing ranks of states that are acting where Congress will not. Over the past few years, several states have raised their fuel taxes by anywhere from $0.035 to $0.10 per gallon. Iowa, for example, with an increase of $0.10 hopes to raise $215 million for its infrastructure improvements. While it is easy to understand why they are acting, there is always the risk that in doing what is good for the state, they may overlook what is best for the national network.

The Latest

More Stories

From pingpong diplomacy to supply chain diplomacy?

There’s a photo from 1971 that John Kent, professor of supply chain management at the University of Arkansas, likes to show. It’s of a shaggy-haired 18-year-old named Glenn Cowan grinning at three-time world table tennis champion Zhuang Zedong, while holding a silk tapestry Zhuang had just given him. Cowan was a member of the U.S. table tennis team who participated in the 1971 World Table Tennis Championships in Nagoya, Japan. Story has it that one morning, he overslept and missed his bus to the tournament and had to hitch a ride with the Chinese national team and met and connected with Zhuang.

Cowan and Zhuang’s interaction led to an invitation for the U.S. team to visit China. At the time, the two countries were just beginning to emerge from a 20-year period of decidedly frosty relations, strict travel bans, and trade restrictions. The highly publicized trip signaled a willingness on both sides to renew relations and launched the term “pingpong diplomacy.”

Keep ReadingShow less

Featured

forklift driving through warehouse

Hyster-Yale to expand domestic manufacturing

Hyster-Yale Materials Handling today announced its plans to fulfill the domestic manufacturing requirements of the Build America, Buy America (BABA) Act for certain portions of its lineup of forklift trucks and container handling equipment.

That means the Greenville, North Carolina-based company now plans to expand its existing American manufacturing with a targeted set of high-capacity models, including electric options, that align with the needs of infrastructure projects subject to BABA requirements. The company’s plans include determining the optimal production location in the United States, strategically expanding sourcing agreements to meet local material requirements, and further developing electric power options for high-capacity equipment.

Keep ReadingShow less
map of truck routes in US

California moves a step closer to requiring EV sales only by 2035

Federal regulators today gave California a green light to tackle the remaining steps to finalize its plan to gradually shift new car sales in the state by 2035 to only zero-emissions models — meaning battery-electric, hydrogen fuel cell, and plug-in hybrid cars — known as the Advanced Clean Cars II Rule.

In a separate move, the U.S. Environmental Protection Agency (EPA) also gave its approval for the state to advance its Heavy-Duty Omnibus Rule, which is crafted to significantly reduce smog-forming nitrogen oxide (NOx) emissions from new heavy-duty, diesel-powered trucks.

Keep ReadingShow less
screenshots for starboard trade software

Canadian startup gains $5.5 million for AI-based global trade platform

A Canadian startup that provides AI-powered logistics solutions has gained $5.5 million in seed funding to support its concept of creating a digital platform for global trade, according to Toronto-based Starboard.

The round was led by Eclipse, with participation from previous backers Garuda Ventures and Everywhere Ventures. The firm says it will use its new backing to expand its engineering team in Toronto and accelerate its AI-driven product development to simplify supply chain complexities.

Keep ReadingShow less
chart of global trade forecast

Tariff threat pours cold water on global trade forecast

Global trade will see a moderate rebound in 2025, likely growing by 3.6% in volume terms, helped by companies restocking and households renewing purchases of durable goods while reducing spending on services, according to a forecast from trade credit insurer Allianz Trade.

The end of the year for 2024 will also likely be supported by companies rushing to ship goods in anticipation of the higher tariffs likely to be imposed by the coming Trump administration, and other potential disruptions in the coming quarters, the report said.

Keep ReadingShow less