...Jacob Baker ECON 210 Microeconomics Economics Research Paper Abstract: This paper will look at the work market for truck drivers in the United States. The effects of a shortage and/or surplus of drivers and how the work market effects the country's economy, and the workers way of life will be broken down. This paper will look at how adding more jobs to this career also effects the supply and demand of goods, problems of finding qualified workers, and the chances of an individual getting a job with others competing for the same job. Trucking in the United States Introduction It is widely known that logistics is the life blood of anything major. The logistics and transportation industry in the United States itself equates for $1.33 trillion in 2012, and represented 8.5% of annual gross domestic product.(SelectUSA) From major military operations, to the factory floor; aircraft, trains and trucks are relied upon to bring food, medicine, and building supplies to the people that require them. But many of the logistical options out there have limitations. Airplanes cant land at your local grocery store, and building railroads to every store is incredibly costly and inefficient. Trucking and it's effects That is where the trucking industry comes into play. According to The American Trucking Associations reports, in 2012 alone, trucks moved 9.4 billion tons of freight or 68.5% of all freight tonnage transported domestically, and collected $642 billion...
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... New Technology in the Trucking Industry Drivers who travel the interstate have shared the road with an 18 – wheeler, which incorporates a large portion of the transportation service industry (also known as the trucking industry), and have witnessed firsthand new technology working not only to protect the driver but you as well. New technology is defined as the specific methods, materials, and devices used to solve practical problems. Research has shown that new technology has been both helpful and harmful in changing the trucking industry, but was needed. The electronic log, an electronic clearance system (also called PrePass), and the on-board computer (also called EOBRs which stands for Electric On-Board Recorder) are some of the new technologies implemented by the trucking industry that are designed to improve safety, productivity, and help the trucking industry keep up with the changes of the manufacturing and distribution industry's choice to keep a lower level of inventory on hand by using the just-in-time business practice. The following table illustrates the major changes to the trucking industry by Congress that required new technology, in order for the trucking industry to comply with the new regulation. Table 1-History of Changes in the Trucking Industry Date | Event | 1935 | Congress passed the Motor Carrier Act. This gave the Interstate Commerce Commission (ICC) authority to regulate the motor carriers and drivers involved in interstate commerce by granting...
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...White Paper Series 2007 Food Logistics Industry Report This industry-wide report identifies common practices, challenges, and emerging trends within the U.S. food logistics industry. © 2007 Saddle Creek Corporation All Rights Reserved 2007 Food Logistics Industry Report Introduction During the first quarter of 2006, executives involved in warehousing and transportation management of food and beverage products were asked to participate in a survey to identify common practices, challenges, and emerging trends. There were 104 food logistics executives who participated, making the findings of this survey statistically valid. Demographics of Participants The majority of respondents were grocery companies, food and beverage processors or 3PLs located throughout the United States. Approximately one-third were with smaller or medium-sized companies earning less than U.S. $50 million in gross annual revenue. Many respondents have sizeable warehouse operations. More than one-fifth (22.3 percent) have at least one million square feet of DC/warehousing operations. More than half of the companies have between one and five DCs/warehousing locations. A significant number of companies (18.3 percent) have more than 15 locations. However, many do not operate significant warehousing operations of their own. In fact, nearly two-fifths (37.8 percent) have less than 100,000 square feet of space. Approximately three-fourths (76.9 percent) of respondents have dry/ambient DC/warehouse...
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...The Current Status and Future Prospects of the Third Party Logistics Industry in North America: The 2015 3PL CEO Survey Dr. Robert C. Lieb Professor of Supply Chain Management D’Amore-McKim School of Business Northeastern University Boston, MA Dr. Kristin J. Lieb Associate Professor of Marketing Communications Emerson College Boston, MA January 2016 The Current Status and Future Prospects of the Third Party Logistics Industry in North America: The 2015 3PL CEO Survey This paper is based upon a 2015 survey of the CEOs of 15 of the largest thirdparty logistics companies serving the North American marketplace. The survey was the 22nd iteration of this annual study, and it addressed such topics as the major dynamics driving change in that marketplace and the opportunities and problems facing 3PLs in that region. It also focused on such issues as the recent wave of largescale mergers and acquisitions in the 3PL industry, shipper and 3PL problems related to labor problems at West Coast ports, E-commerce marketplace dynamics and their impact on 3PLs, Amazon’s continued expansion into logistics services and the possibility of Uber offering 3PL-like services. The CEOs also provided one-and three-year forecasts of company and regional 3PL industry revenue growth, while identifying the major changes they believed would occur in the regional 3PL industry during the next year. The implications...
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...The Resilience of the Railroad Industry Lindsay Millar, Jessica Settlecowski & Mike Gawel MGT 674 March 23, 2013 The history and resilience of the railway industry is rather remarkable as it has helped shape the landscape and the formation of the United States. Railways allowed colonies to settle in the West and the country suddenly became connected from coast to coast. This encouraged the exchange of goods and stimulated the development of towns and communities along track lines. Soldiers were shipped directly to the forefront of battleground lines and supplied with a constant flow of ammunition. Most importantly, trains were the steam engine that fueled the industrial revolution. The railway industry’s history is rich with experience and wise with age, as it has survived many seemingly insurmountable obstacles, including: the Great Depression, civil war, the advent of automobiles and airplanes and federal regulation. Federal regulation took the largest toll on the industry as it restricted the ability of the industry to adapt to future demands and market requirements. The growth of rail was stunted by 100 years of federal regulation and since the Staggers Act of 1980 which led to deregulation, the industry has been struggling to recover. After the implementation of the Staggers Act the industry has undergone serious reconstruction which has increased the overall performance and reliability of rail. As service levels improve the demand for low rates and large capacity...
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...The topic I chose to research and discuss is the topic of recruiting and retaining the best employees. I chose this subject because I felt it was important for an employer trying to compete in this very competitive business environment, no matter what the business is, to be able not only hire the best and most qualified employees but retain them and keep them motivated. The ability to distinguish the difference between high performing employees and lower performing employees can be detrimental to a company’s success or failure. In retrospect, this goes back to recruiting and retaining the best employees while avoiding and being able to let go of those of a weaker caliber. Before an organization can thrive in recruitment and retention, first it must have a sound business approach, a clear vision, and a set of core values in which the organization itself believes in. I plan to research what exactly recruitment and retention is and how it can be used effectively. By gathering information from the textbook Managing Human Resources by Susan Jackson, Randall Schuler, and Steve Werner, an article titled “Gilt Groupe’s CEO on Building a Team of Players” by Kevin Ryan in the magazine Harvard Business Review, and along with an array of other research I’ve written a research paper focusing on what was researched and my personal opinions on the subject at hand. To understand recruitment and retention we must divide them into two separate entities. As quoted by Jackson, Schuler...
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...Term Paper on Traffic Jam in Bangladesh TERM PAPER ON Traffic Jam in Dhaka City Prepared For Mohd. H.R. Joarder United International University Prepared By MD. Aminul Islam Ariful islam MD. Mesbahuddin Shahanaz Parvin Mou Jeenniifeerr Islam Date of submission Name of Group Members Letter of Transmittal May 5, 2012 Mohd. H.R. Joarder Faculty School of Business Administration United International University Dear Sir, It is a great pleasure for us to submit our Term papers on “Traffic Jam in Dhaka city”. It is a great opportunity for us to implement the knowledge that we have learned in our academic career to work a Term papers on “Traffic Jam in Dhaka city”. We try our level best to make this Term papers to the required standard. We hope that this report will fulfill your expectation. We therefore, hope that you would be kind enough to go through this report for evaluation Sincerely yours ------------------------- --------------------- -------------------- MD. Aminul Islam Ariful Islam Shahanaz Parvin Mou ----------------- ------------------- Jennifer Islam MD. Mesbah...
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...Electronic Data Interchange (EDI) and Retail Link system. In the process of order processing, Wal-Mart is using three types of systems, which are voice-based order filling (VOF) system, hub-and-spoke system, and “Pretty Darn Quick (PDQ) displays”. Next, Wal-Mart is running four types of inventory process system which can ensure the control of the products along with easy packing and counting of inventories. These systems may forecasts and results data through the Internet, in order to reduce inventory costs while at the same time, enhancing product availability across the supply chain. In addition, the efficiency of Wal-Mart’s distribution systems allows Wal-Mart reduces inventory and thus handling, storage, and operating costs. Based on research, we found out that Wal-Mart has some weaknesses in the current logistic process. These problems may lead to increases in production and inventory costs. The problems of using some systems or technologies may bring difficulty in maintaining consistent and reliable customer service. Lastly, suggestions and...
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...INFRASTRUCTURE & GOVERNMENT Power Sector in India White paper on Implementation Challenges and Opportunities For release at the Energy Summit, Nagpur - January 2010 KPMG IN INDIA Table of Contents 1 Indian Power Industry - Current Scenario & Opportunities Ahead 2 2 Central and State Utilities Dominate the Industry 3 3 Challenges and Risks 4 4 Project Management Principles to Address Challenges 10 5 Summary and Conclusion 12 1 Executive Summary While the power sector in India has witnessed a few success stories in the last 4-5 years, the road that lies ahead of us is dotted with innumerable challenges that result from the gaps that exist between what’s planned versus what the power sector has been able to deliver. This document highlights and quantifies some of these gaps and attempts to analyze the problem. The document builds on the risks prevalent in the industry, some prominent hurdles that the power sector has already crossed, and more importantly - others that various players have to overcome. Understanding these core issues & risks of the power sector help in identifying the opportunities that lie ahead; for example why is private sector participation an important requirement. A short peek at our past performances indicate that during the last three five year plans (8th, 9th and 10th), we have barely managed to achieve half of the capacity addition that was planned. As we enter the third year of the 11th five...
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...California State University – East Bay November 7, 2012 Table of Contents: Business Analysis Financial Analysis Valuation Analysis Policy Analysis Conclusion Appendix A: xx – Aman to include for her section B: 1990 Ratio Analysis C: D: XX * Business Analysis Fleetwood Enterprises, Inc. was the nation's largest maker of both manufactured housing and recreational vehicles (including motor homes, travel trailers, folding trailers, and truck campers) in the late 1980's and early 1990's. As a whole, Fleetwood recreational vehicles span the full range of the market, with their retail prices ranging from $3,000 to more than $200,000. The 1970s was a period of rapid growth and expansion for Fleetwood. As the decade ended, the revolution in Iran -- sky-rocketing gasoline costs, and the buying public's fear of a recession, along with rising interest rates -- created an across-the-board slump in sales. Since most of Fleetwood's production line were vehicles, gasoline shortages, along with the spiraling costs of fuel, shook the RV market to its foundations. Value Creation: In 1990, Fleetwood produced about 35,000 houses in 26 plants in 13 U.S. states. Its manufactured housing revenues were about $533 million. Fleetwood was the industry’s market-share leader, having shipped 17% of all U.S. manufactured houses in 1989. In fact, it was the largest builder of any type of housing in the United States. What was the secret? The company's line...
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...abuse in Africa is relatively short. The abuse of drugs in Africa is nevertheless escalating rapidly from cannabis abuse to the more dangerous drugs and from limited groups of drug users to a wider range of people abusing drugs. The most common and available drug of abuse is still cannabis, which is known to be a contributing factor to the occurrence of a schizophrenic-like psychosis. The trafficking in and abuse of cocaine and heroin are the most recent developments in some African countries that had had no previous experience with these drugs. Efforts should be made to design and implement drug abuse assessment programmes to determine the real magnitude and characteristics of the problem and to monitor its trends. A lack of funds and a shortage of adequately trained personnel have made it difficult to implement drug abuse control programmes. In addition to formal drug control involving the implementation of legislation, there is an informal system of drug abuse control operating through the family, church, school, neighbourhood and work environment, as well as healthy recreational activities. It is suggested that efforts in African countries should be directed towards strengthening not only the formal drug control system but also...
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...Chapter 1 – Reasoning with Economics: Models and Information • Economists base much of our thinking on simplified models of reality that neglect many details o Models that apply to a broad range of situations must be simple, but they can help you think logically no matter what happens in your market. • Why be abstract when you have facts? o Reality is so complex and our mental capacities so limited that we must be selective in what we think about. • Economists are human and they have values and beliefs that might render their objectivity suspect o Positive economics describes and analyzes things as they are (or as objectively as they can be seen) o Normative economics is about how things “ought to be” – it explicitly acknowledges the researcher’s values. Whatever positive theory may say, an economist’s normative views on prostitution or the drug trade might lead her to recommend that these activities remain illegal. • Rationality o Economics studies the choices people make in the face of constraints that limit their options o Economics studies the allocation of scarce resources among competing goals. Underlying both definitions is an assumption that people act rationally, with an eye towards attaining objectives they have chosen. o Rationality does not mean that people are computers People may not perfectly understand their own preferences or do not know how best to overcome the obstacles that stand between them and their goals. o What rationality offers...
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...Throughout their supply chain there have been countless efforts, both large and small, to improve processes, speed up, and lower costs for virtually all tasks that are required to put vehicles into the hands of customers worldwide. Corporate Structure Volkswagen’s corporate structure appears to violate the conventional wisdom of the automotive industry. Firstly, they have a large assortment of brands, each running as its own entity. Each has its own board of directors, and its own annual reports. The brands cater to different markets, either in terms of location (Seat for Spain, Skoda for Czech Republic), class (Bentley and Bugatti for the wealthy, VW Passenger Cars for the cost conscious), or purpose (Scania and Man for large commercial trucks, Ducati for motorcycles). There is some overlap of offerings among the brands, creating the potential for cannibalization. All car manufacturers must wrestle with this to some degree, but...
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...Intensive situation of manufacturing industry in china China is the largest exporter and the second largest importer in the world. There became the largest manufacturing country in the world, overtaking the U.S. in 2010. This has raised debate that whether China has lost edge as world’s factory. In recent years, the average income in China has steadily gone up as China’s labor cost has grown by over 60 percent since 2009. However, Vietnam’s labor cost is 40 percent of that in China, while in Bangladesh and Myanmar labor costs are as little as one-fifth of China’s labor cost.9 Other factors are also contributing to foreign manufacturers’ profit decline in China, such as: the appreciation of the Renminbi, variability of various local tax rates, stricter regulations on environment protection, as well as government’s policies towards a more service-based economy. In addition to cheaper labor cost, some Southeast Asian countries have put more effort into attracting foreign investment, such as lowering or exempting import tariffs on equipment required by manufacturing activities. However, unsettled political situations, undeveloped infrastructure, unskilled workers, incomplete industry chain systems, and a smaller domestic market in the Southeast Asian countries remain the biggest concerns for foreign investors. Throughout the years, China is still remains competitive manufacturing base while some foreign manufacturers moved out and relocated to Southeast Asia. Many foreign manufacturers...
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...INSTITUTE OF DEVELOPING ECONOMIES IDE Discussion Papers are preliminary materials circulated to stimulate discussions and critical comments IDE DISCUSSION PAPER No. 120 A Flowchart Approach to Malaysia’s Automobile Industry Cluster Policy Akifumi KUCHIKI* September 2007 Abstract In this paper, we apply a flowchart approach to investigate Malaysia’s automobile cluster policy. We investigate whether the industrial cluster policy has been successful or not, suggest policy prescriptions, and propose a way to prioritize policy measures. Our flowchart approach leads to the following three policy prescriptions: (1) Malaysian firms should establish sites for exporting compact cars with automatic transmissions; (2) actors in the public, semi-public and private sector should work to upgrade skilled labor; and (3) the central government should promote liberalization and deregulation to attract foreign firms into the supporting industries. Keywords: Malaysia, automobile industry cluster, policy prescriptions, actors, deregulation JEL classification: G18, O18, R11 * Executive Vice President, Japan External Trade Organization (JETRO) E-mail: akifumi_kuchiki@ide.go.jp The Institute of Developing Economies (IDE) is a semigovernmental, nonpartisan, nonprofit research institute, founded in 1958. The Institute merged with the Japan External Trade Organization (JETRO) on July 1, 1998. The Institute conducts basic and comprehensive studies on economic and related affairs in all...
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