Trusted Trader Program

US Customs and Border Protection (CBP) announced a plan to unify the Customs-Trade Partnership Against Terrorism (“C-TPAT”) and Importer Self-Assessment (“ISA”) programs under a new test program called the “Trusted Trader Program.” 

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July 2014-US Economic Update

U.S. Economic Summary – July 2014

“The CEI shows the pace of economic activity continued to expand moderately through June,” said Ken Goldstein, Economist at The Conference Board. “Stronger consumer demand driven by sustained job gains and improving confidence remains the main source of improvement for the U.S. economy. In addition to a stronger housing market, more business investment could also provide an upside to the overall economy.”

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July 2014 TPEB GRI

TPEB Peak Season Surcharge and Bunker Fuel Adjustments

The announced levels for Transpacific Eastbound Peak Season Surcharge (PSS) and Bunker Fuel Adjustments from the carriers are listed below.

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Creating Value

ATA Truck Tonnage Index Decreased in June

The American Trucking Assoications’ advanced seasonally adjusted For-Hire Truck Tonnage was reported to have declined in the month of June by 0.8%; this followed a increase in May of 0.9%.

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OVERLAND PARK, Kan., July 15, 2014Ingram’s magazine once again recognizes the success of MIQ Logistics in satisfying the logistics needs of its customers.

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Container Yard

Pickets Taken Down and Contract Negotiations Resume in LA/LB

As the International Longshore and Warehouse Union and the Pacific Maritime Association continue their contract talks, reports that the Teamsters have taken down their pickets in the LA/LB harbor is a positive sign.

Both sides resumed talks after a three day recess which began on Monday July 7th and extended to Friday July 11th. The recess was called when the ILWU had to attend to a previous contract negotiation in the Northwest (separate from the ILWU / PMA contract).

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Creating Value

Freight TSI Reached New Level in May

“The amount of freight carried by the for-hire transportation industry rose 0.6 percent in May from April, rising for the fourth consecutive month, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) Freight Transportation Services Index (TSI) released today.”

“The level of freight shipments in May measured by the Freight TSI (120.0) reached a new all-time high level of 120.0, exceeding the previous high of 119.4 in November 2013.”

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U.S. Import Cargo Volume Forecast 070914

Latest U.S. Import Forecast

Today the Global Port Tracker report by the National Retail Federation and Hackett Associates.  Current and forecasted U.S. import volume data is found within the report which points to July as being the highest monthly volume in the last five years.

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Shipping Port

PMA and ILWU Provide Update on Contract Talks

The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) today issued the following statement:

“The parties have agreed to take a 72-hour break from negotiations on a new coast-wide contract while the ILWU attends to an unrelated negotiation taking place in the Pacific Northwest. During this break, starting at 8 a.m. on Tuesday, July 8, through 8 a.m. on Friday, July 11, the parties have agreed to extend the previous six-year contract, which expired last week. The PMA and ILWU are negotiation a new contract covering nearly 20,000 longshore workers at 29 West Coasts ports.”

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Creating Value

June’s Cass Freight Index Points to Highest Shipment Volumes Since ’07

Shipment Volumes

“June shipment volumes increased 2.4 percent to the highest level since November 2007, just before the recession. Volumes were 6.0 percent higher than a year ago and are up 15.8 percent since the beginning of 2014.”

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