News

ata-truck-tonnage-index-092016

ATA Truck Tonnage Index Jumped 5.7% in August

American Trucking Associations

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 5.7% in August, following a 2.1% decline during July. In August, the index equaled 141.8 (2000=100), up from 134.2 in July. The all-time high was 144 in February.

Read More


Blue Industry News Icon

Q3 Regulatory Updates

Stay up to date on Q3 regulatory updates, including Brexit, ACE, HTSUS Chapter 62, and CBP Informed Compliance notifications. 

Read More


Container Yard

NRF PUSHES HANJIN BANKRUPTCY CONCERNS WITH COMMERCE DEPARTMENT

National Retail Federation

The National Retail Federation and the Hardwood Federation today led a coalition of 120 organizations representing retailers, manufacturers, agribusinesses and other sectors affected by the Hanjin Shipping bankruptcy in sending a letter to Commerce Secretary Penny Pritzker outlining specific concerns and urging her continued leadership in bringing about a resolution.

Read More


cass-information-systems-092016

Cass Freight Index Report – August 2016

Cass Information Systems

August’s Cass Freight Index continued to signal that overall shipment volumes (and pricing) are persistently weak, with increased levels of volatility as all levels of the supply chain (manufacturing, wholesale, retail) continue to try and work down inventory levels. That said, there have been a few areas of growth, mostly related to e-commerce, with lower levels of expansion being experienced in transit modes serving the auto and housing/construction industries. All of this added up to slightly lower shipment volumes in August on a YoY (year-over-year) basis, marking the eighteenth straight month of year-over-year decline. That said, at least on a seasonally adjusted basis, August volume was up sequentially, offering a glimmer of hope that the contraction in volumes may be getting closer to an end.

Read More


SHIP

Hanjin Bankruptcy Update from MIQ Logistics

As previously detailed in our Supply Chain Alert, Hanjin Shipping, the world’s seventh-largest container shipper, filed for bankruptcy protection on August 31. Hanjin’s collapse is by far the largest container shipping bankruptcy in history and the consequences continue to reverberate throughout international supply chains and the transportation sector.

Although Hanjin is not among MIQ’s core carriers, we do have cargo caught up in this situation because of vessel share agreements by our core-carriers and shipper-specific arrangements. Our immediate task, therefore, is to obtain cargo release; mitigate any extra costs and expenses; and, deliver our clients’ cargo.

Read More


blurred-shipyard

Hanjin Creditors Seek to Keep Ships Anchored in U.S. Waters

The Washington Post

Creditors of Hanjin Shipping Co. 117930 0.78 % , fearful of having their collateral disappear over the horizon, have asked a U.S. bankruptcy judge to reconsider a ruling preventing them from seizing several of the South Korean carrier’s ships.

A group of creditors who have gone unpaid for services such as towing and fueling say that the judge’s order shouldn’t apply to vessels chartered by Hanjin because they aren’t legally its property. The creditors have liens against Hanjin ships that would ordinarily allow them to foreclose on the vessels.

Read More


short-term-energy-outlook-090716

Details from The September 2016 Short-Term Energy Outlook

U.S. Energy Information Administration

Key details from the latest Short-Term Energy Outlook released from the U.S. Energy Information Administration. Some of the highlights included the following:

Read More


Container-image

Second ship from bankrupt Hanjin allowed into California ports

Reuters

A portion of the $14 billion in cargo trapped at sea by the bankruptcy of Hanjin Shipping Co Ltd (117930.KS) began moving out of one California port on Monday, and a second ship received orders to head to dock, after the turmoil created by the South Korean company’s collapse. Truckers began moving freight from the Hanjin Greece, one of roughly a dozen of the company’s ships destined for the U.S. West Coast, out of the port of Long Beach on Monday, following a U.S. bankruptcy court’s grant of protection.

Read More


Blue MIQ in the News Icon

International Trade Policy Seminar To Be Held In Milwaukee, WI

Please join Husch Blackwell and MIQ Logistics in Milwaukee, WI on Thursday, October 27, 2016 for an afternoon seminar focused on issues in U.S. international trade policy and procedures. This seminar will offer practical knowledge and insight into legislation and related developments affecting the import and export of goods for U.S. companies.

Read More


u-s-imports-090916

September Retail Import Strong Despite Hanjin Bankruptcy

National Retail Federation

Import cargo volume at the nation’s major retail container ports should be at near-peak levels this month even as retailers work to cope with the Hanjin Shipping bankruptcy, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

Read More