November '08 transportation indicators

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Sunday, February 01, 2009
FEBRUARY 2009: INDICATORS, THE STATE WE'RE IN

All "latest" numbers are for November 2008 unless otherwise noted. Latest Month Previous Month Previous Year Annual Change
TRANSPORTATION
Trucking Weight-mile tax receipts, millions $23.0 $22.4 $23.4 -1.7%
Shipping Port of Portland, total containers load and discharge 18,959 21,458 19,778 -4.1%
Shipping Port of Portland, number of calls by oceangoing vessels 56 70 70 -20.0%
Airline travel, PDX Passengers, thousands 1,002.8 1,128.8 1,196.6 -16.2%
Airline travel, Eugene Passengers, thousands 53.0 55.0 66.2 -20.0%
Airline travel, Medford Passengers, thousands 41.9 49.1 52.2 -19.7%
Airline travel, Redmond Passengers, thousands (December) 40.2 35.7 45.6 -11.8%

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There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation. Here’s an excerpt:

Old power works like a currency. It is held by few. Once gained, it is jealously guarded, and the powerful have a substantial store of it to spend. It is closed, inaccessible, and leader-driven. It downloads, and it captures.

New power operates differently, like a current. It is made by many. It is open, participatory, and peer-driven. It uploads, and it distributes. Like water or electricity, it’s most forceful when it surges. The goal with new power is not to hoard it but to channel it.

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This month we also take a look at a controversial new U.S. Securities and Exchange Commission rule requiring public companies to disclose the median pay of workers, as well as the ratio between CEO and median-worker pay. 

Part of the 2010 Dodd-Frank financial reform law, the rule will compel public companies to be more open about employee compensation, with the assumption that greater transparency will improve corporate performance and, perhaps, help address one of the major challenges of our time: income inequality.

New power is not only about strategy and tactics, the Harvard Business Review authors say. “The ultimate questions are ethical. The big question is whether new power can genuinely serve the common good and confront society’s most intractable problems.”

That sounds like a call to arms. Or a New Year’s resolution. Old power or new, the goals are the same: to be a force for positive change in the world. Happy 2015!

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