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In this issue of ACWI Advance we take a closer look at these stories:
- Shipper complaints about deteriorating railroad service spur the STB to act.
- Employers need to make sure all new workers get thorough safety training.
- Electric trucks turn out not to be such a “clean” energy alternative after all.
- It turns out 56% of employers experienced pay compression in the past year.
- People are choosing not to return to work as the pandemic winds down.
- Industrial real estate is being reshaped by a lack of space in key markets.
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Two days of Surface Transportation Board hearings at the end of April looked at the steadily worsening deterioration of rail service.
The situation has gotten so bad that it has drawn the attention of the highest levels of the federal government and led the STB to take unprecedented regulatory action, proposing to direct specific rail service based on shipper complaints.
A new study conducted by Selective Insurance Group shows that employers in all industries need to make sure all new workers undergo thorough safety training to avoid accidents and injuries.
The study reviewed 10 years of workers’ compensation claims and revealed that, on average, employees in 2021 reported workplace-related injuries 18% earlier in their tenure than employees did in 2011 – after 5.2 years of service in 2011 compared to 6.4 years in 2021.
When all of the numbers associated with building electric-powered trucks are added up, it turns out to be not such a “clean” energy alternative after all, according to an analysis of alternative fuel trucks performed by the American Transportation Research Institute.
The analysis utilized federal and industry-sourced data to identify and compare full life-cycle CO2 emissions for a range of truck types, including a baseline diesel truck, battery electric trucks and hydrogen fuel cell trucks.
Pay compression takes place when a new employee is paid nearly the same as or more than a longer-service employee in the same role.
Conducted by the Society for Human Resource Management, a new survey has found that 18% of employees have said nothing would compel them to return to workplaces.
The future of industrial real estate is being reshaped by lack of space in key markets where development is unable to keep up with demand, and investors are acting in accordance by looking elsewhere.
“Overall, it appears that investors remain aggressive, but pricing and overall rates are expected to stabilize or slightly increase with the anticipated rise in interest rates for the remainder of 2022 and into 2023,” reports the industrial real estate management firm of Cushman & Wakefield.