Industry update: Hackers, Cargo Theft, and a Regulation Win
June 30, 2017
Did you know?
In 2016, cargo thefts cost the industry over $114 million. That’s up from $80 million in 2014.
Cyber worries hit the transportation industry
The largest container shipper in the world, Maersk, has been hit–and hit hard–by a cyber-attack. With no timetable for its reinstatement, the Denmark based group was without communications to their deployed fleet from early Wednesday morning through late Thursday. This attack causes concerns stateside for several reasons. First, will Maersk loads make it to port on time? If not, will this create a time crunch to get goods to their distributors? If a time crunch does come to fruition, a temporary rate spike could occur. Other questions this raises are: Will shippers require some guarantee going forward, and will this affect rates stateside? What does this mean for the ELD mandate? Any time data is at stake, there’s always a chance of a breech. While the setup of the mandate might mean that your telematics unit attached to your truck is safe, does that mean that a vendor’s cloud is safe?
Danger on the roads
With the recent string of terror attacks in Europe using commercial vehicles, brake manufacturers are looking at measures to limit the damage and destruction. This comes after investigations of the Berlin attack, which show that had the vehicle not been equipped with the AEB system, the attack would have been much worse. Alongside Europe, Australia is seeking to mandate that all heavy commercial vehicles be equipped with Automatic Emergency Braking systems.
Good news on the regulation front
Finally! A study completed by the National Academies of Science states what we’ve all known for quite some time: the CSA scoring system is antiquated and faulty. We’re at the tail end of the scores hiding period, but that will more-than-likely be extended until a new system can be researched, created, and implemented. The DOT has yet to respond to the results from this congressionally-mandated study. While there’s no timetable at this point, if and when the new system is created, a Notice of Proposed Rulemaking will be released in the Federal Register and comments will be requested.
There was plenty of other information rolling through this week. Hear something we should know about? Email us at firstname.lastname@example.org.
Regulatory Affairs Analyst Jeremy Feucht follows the latest political and legislative processes, along with their potential effects, on the trucking industry. He has worked in the U.S. Senate and has served as a member of Planning and Zoning, City Council, and Urban Renewal boards.