Policies for autonomous vehicles will produce $81 billion in new premiums by 2025 for the US auto insurance industry, a report by Accenture and Stevens Institute of Technology said. Software, hardware and cybersecurity risks, along with increasing public infrastructure coverage, will drive the market.
Sailors, pilots and drivers are likely to see more jobs behind desks as automation within the transportation industry grows. The move will reduce labor costs, improve worker safety, lead to better efficiency and require fewer fossil fuels to transport goods.
Alibaba Group-backed Cainiao Network Technology launched a smart logistics platform that uses 1 million new energy vehicles for express delivery. Cainiao will partner with automakers to dedicate the cars to couriers and merchants and will use artificial intelligence, big data and cloud computing.
Amazon is planning to hire 500 people for full-time positions in a new 800,000-square-foot fulfillment center in North Las Vegas opening over the summer. Amazon also is hiring 4,000 people in Jacksonville, Fla., to fill positions at four facilities in the region opening over the next year.
The North American Free Trade Agreement will be renegotiated this year, and is likely to affect supply chains. Edwin Lopez in this article explores how supply chains will change, ultimately to save costs, and the importance of modernization and managing trade partners effectively.
The Utah Legislature adopted a bill that gave the state's Department of Transportation $1 billion in extra funding over the next four years, and the state's transportation commission voted to appropriate funds for several large infrastructure improvement projects. The commission approved construction of the $610 million West Davis Corridor highway project, but the project hasn't yet received federal approval.
Leaders should worry about who they are rather than seeking to impersonate others, Jesse Sostrin writes. He offers instructions on how to uncover your authenticity, such as mapping out what's preventing you from being yourself and the patterns behind such behaviors.
A transportation bill in Texas included an amendment that capped fines for unpaid tolls on roads operated by the Texas Department of Transportation. Transportation officials believe the legislature could do the same for other tolling agencies around the state, and they say the legislation is a wake-up call for tolling agencies that tack on penalties and fines.
Tom Skancke, executive director of the Western Regional Alliance, writes that America's infrastructure needs a major investment but that the gas tax no longer provides enough revenue. He argues that more toll roads would help solve the funding issue, and he cites several initiatives, including tolled express lanes on State Route 91 in California, as examples.
Randy Cole, executive director of the Ohio Turnpike, offered agency updates recently, noting that most of the planned construction this season will take part in the western part of the state. In addition, tolls are expected to increase 2.7% annually until 2023, and the turnpike broke a record for the number of vehicles using it last year, at almost 55 million.