Supply Scan

News from across the food supply chain.


Ray LaHood, Secretary of the Department of Transportation is also leaving after serving for four years on President Obama’s cabinet. In an email to DOT employees, LaHood praised his colleagues for their work on initiatives targeting distracted driving and pilot fatigue; improving the safety of the nation’s transit systems, pipelines and highways; reducing roadway fatalities; and boosting consumer protections with new regulations for buses, trucks and airlines.

He also noted the department’s role in helping the country’s economic recovery using $48 billion in transportation funding from the American Recovery and Investment Act of 2009, including the funding of 130 transportation projects across the nation through $2.7 billion in Transportation Investment Generating Economic Recovery (TIGER) grants.

 

Rapid Expansion for Global Cold Chain Market

Research firm MarketsandMarkets estimates that the value of the global cold chain market will reach $157,142.2 million by 2017, at a CAGR of 13.2 percent from 2012 to 2017.

North America comprises 40 percent of the total cold chain market revenue and is expected to grow at a CAGR of 12 percent over the next five years. Europe is responsible for 30 percent of the global cold chain market revenue, while Asia makes up roughly 22 percent. Emerging economies will continue to drive growth in the near future.

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