News

ATA Truck Tonnage Index 081914

The ATA Truck Tonnage Index Increased 1.3% In July

“American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index rose 1.3% in July, following a decrease of 0.8% the previous month. In July, the index equaled 130.2 (2000=100) versus 128.6 in June.  The index is off just 0.6% from the all-time high in November 2013 (131.0).”

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June 2014 Freight Transportation Services Index (TSI) v2

June 2014 Freight Transportation Services Index (TSI)

“The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, declined 0.9 percent in June from May, falling after four consecutive monthly increases, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). The June 2014 index level (119.1) was 25.9 percent above the April 2009 low during the most recent recession.”

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Creating Value

U.S. Shipment Volumes and Shipment Expenditures Declined in July

On Tuesday, the Cass Freight Index Report was released, providing a snapshot of the freight logistics sector for the month of July; below are some of the highlights:

“The freight logistics sector slowed in July, following a seasonal trend, with both freight shipments and freight payments down 3.9 percent from the previous month.  This drop was consistent with previous summers’ drops, so should not be seen as a start of a decline in freight for the second half of 2014.”

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U.S. Import Container Forecast 081114

U.S. Import Forecast Could Hit All-Time Record

Today the Global Port Tracker report was released by the National Retail Federation and Hackett Associates.  The report points to August being forecasted as the highest U.S. import volume month on record (Global Port Tracker began tracking import volumes in the year 2000).   U.S. ports followed by the report handled 1.48 million Twenty-Food Equivalent units in the month of June, and estimates for August, September, October, November and December can all be found below.

Forecasted TEU per month can be found in the chart below:

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U.S. Unemployment 081114

U.S. Unemployment

On Thursday 8/7/14, the Burea of Labor Statistics released their latest “Employment Situation Summary”. For the month of July, total nonfarm payroll employment witnessed an increase of 209,000; with the current U.S. unemployment rate at 6.2%.

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ISM Data 080114

July 2014 Manufacturing ISM Report on Business

Economic activity in the manufacturing sector climbed in July; for the 14th consecutive month:

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MIQ Logistics Recognized for Industry Leadership, Versatility

OVERLAND PARK, Kan., July 31, 2014Global Trade magazine named MIQ Logistics one of America’s Top 3PLs (third-party logistics providers) and one of the Top 10 providers in its Most Versatile category. The magazine will publish its complete list of leading 3PLs in the September/October issue.

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July 2014 Logistics Link

Welcome to the July 2014 Logistics Link, the MIQ Logistics monthly newsletter

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Containers

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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July2014-US-Economic-Update

U.S. Economic Summary – July 2014

“Consumer confidence increased for the third consecutive month and is now at its highest level since October 2007 (95.2). Strong job growth helped boost consumers’ assessment of current conditions, while brighter short-term outlooks for the economy and jobs, and to a lesser extent personal income, drove the gain in expectations. Recent improvements in consumer confidence, in particular expectations, suggest the recent strengthening in growth is likely to continue into the second half of this year.” – The Conference Board

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