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March 2015 Logistics Link

MIQ UPDATES

MIQ MIAMI MOVES TO NEW LOCATION

The MIQ Logistics Miami team recently moved into a new, enhanced facility. The address is now 11210 N.W. 91st Street, Suite 1, Miami, FL 33178. Reach them at (305) 888-1600 Phone, (305) 888-9608 Fax, globalmiami@miq.com, email.

NOMINATE MIQ LOGISTICS

Please nominate MIQ Logistics for this year’s list of 100 Great Supply Chain Partners, which will be published in the July/August issue of SupplyChainBrain magazine. Vote here.

INDUSTRY NEWS

U.S. ECONOMIC UPDATE

  • The Conference Board reported leading indicators continue to point to short-term growth, however, the LEI’s six-month change suggests we may be entering a period of moderate expansion.


TRANSPORTATION MARKET UPDATE

GLOBAL MARKET UPDATE

CASE STUDY

PUMPING UNIT MANUFACTURER

The Customer: Builds, repairs & services pumping units in China and ships to drilling sites in Americas.

The Challenge: Each unit weighs 32,000 lbs. – which requires high shipping costs.

The Strategy: MIQ analyzed their warehouse capacity, each pumping model’s bracing needs, and vessel requirements.

The Solution: Load optimization plans were based on the needs of each equipment model and by shipping the pumping units in batches. By focusing on optimal batch quantities, the customer could reduce the number of containers necessary for moving multiple units at one time.

The Results: For the initial model shipped under this plan, MIQ Logistics reduced the customer’s container usage by 20 percent and its freight charges by 13 percent.

LEARN MORE HERE

EVENTS

EVENTS MIQ IS ATTENDING

  • MIQ Logistics Dan Bentzinger To Present At KC IT Symposium,  4/9/15, Overland Park, KS 

 

 


MIQ Logstics ship

Port of Los Angeles and Long Beach partner to clear cargo

Cargo Business News

Top executives from the ports of Long Beach and Los Angeles held a kickoff meeting last week, starting to work together on cargo conveyance strategies that will enhance supply chain speed and efficiency, according to a City of Los Angeles statement.

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Economic Update 032715 v2

U.S. Economic Summary – March 2015

“Widespread gains among the leading indicators continue to point to short-term growth,” said Ataman Ozyildirim, Economist at The Conference Board. “However, easing in the LEI’s six-month change suggests that we may be entering a period of more moderate expansion. With the February increase, the LEI remains in growth territory, but weakness in the industrial sector and business investment is holding economic growth back, despite improvements in labor markets and consumer confidence.”

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Transpacific Eastbound General Rate Increase (GRI), Peak Season Surcharge (PSS) and Bunker Fuel Adjustments 032515

Transpacific Eastbound General Rate Increase (GRI), Peak Season Surcharge (PSS), and Bunker Fuel Adjustments

The following announced levels from carriers are for implemented GRI’s and/or PSS effective for April 9th .

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Truckload Services

ATA Truck Tonnage Index Fell 3.1% in February

American Trucking Associations

American Trucking Associations’advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 3.1% in February, following a revised gain of 1.3% during the previous month. In February, the index equaled 131.6 (2000=100), the lowest level since September 2014.

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MIQ Logstics ship

Long-term consequences of West Coast port congestion yet to be realized, say insurance specialists

Logistics Management

Zurich Insurance and their head of Strategic Business Risk, Linda Conrad, are sharing some interesting insights into the longer-term financial implications of the prolonged West Coast port disruption for retailers across the country.

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blurred-shipyard

February volumes at POLA and POLB are down annually

Logistics Management

Not surprisingly, February volumes at the Port of Los Angeles (POLA) and Port of Long Beach (POLB) were down on an annual basis in February, as the months-long labor dispute between the Pacific Maritime Association and the International Longshore & Warehouse Union, which impacted freight flows and port operations in the form of terminal congestion and related supply chain challenges, came to an end with the parties reaching a tentative five-year contract agreement on February 20.

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Container-image

Drewry: L.A./Long Beach Q4 delays cost carriers $150M

Cargo Business Newswire

Shipping lines collectively lost around $150 million in the fourth quarter of 2014 due to U.S. West Coast congestion, according to Drewry Maritime Research. In the most recent issue of Container Insight, researchers note that carriers experienced various levels of disruption from the port labor dispute, and attempted to quantify the losses by examining available data.

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MIQ Truck

FTR’s Trucking Conditions Index remains in solid territory for carriers

Logistics Management

The most recent edition of the Trucking Conditions Index (TCI) from freight transportation forecasting firm FTR continued to reflect how current market conditions are translating into solid overall momentum for motor carriers.

The TCI reflects tightening conditions for hauling capacity and is comprised of various metrics, including capacity, fuel, bankruptcies, cost of capital, and freight.

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Green Truckload Icon

Good news: Oil is on its way down again; will gasoline diesel prices follow?

The Trucker.Com

Good news heading into the weekend. The price of oil is on yet another ride down as swelling global supplies overwhelm rising but still relatively weak demand.

The price of oil has fallen close to its lowest price in six years, and many expect it to fall much further in the coming weeks because supplies are still heading up and the summer driving season is still months away.

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