“The U.S. LEI improved in July, suggesting the U.S. economy may experience further improvements in economic activity in the second half of the year,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The large negative contribution from housing permits, a reversal from June, was more than offset by gains in the financial indicators, new orders and sentiment.” – The Conference Board
News / Industry News
Source: American Trucking Associations
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 0.1% in July, following a 4.4% drop during June. In July, the index equaled 138.5 (2000=100), up from 138.4 in June.
Source: U.S. Census Bureau
The combined value of distributive trade sales and manufacturers’ shipments for June, adjusted for seasonal and
trading-day differences but not for price changes, was estimated at $1,356.8 billion, up 0.3 percent (±0.2
percent) from May 2017 and was up 4.3 percent (±0.4 percent) from June 2016.
MIQ Logistics is now providing air freight consolidation services from Houston (IAH) to Santiago (SCL), Lima (LIM), and Buenos Aires (EZE).
MIQ Logistics consolidation services are chosen through blocked space agreements (BSA) with premium commercial and freighter airline direct flights. Many of the blocked space agreements are with freighter cargo carriers, which helps eliminate commercial aircraft restrictions that occur.
Overland Park, KS, August 21, 2017 — MIQ Logistics is pleased to announce that we have been recognized as one of America’s Leading 3PLs by Global Trade Magazine for 2017. This recognition is given to the top companies that provide exceptional service to clients in helping them improve efficiency and increase profits through improving their supply chains.
As you may have read in recent articles, August is expected to be the busiest month on record for imports at major container ports in the United States and 2017 is on track to set a new annual high for import ocean volume. In addition, according to International Air Transport Association (IATA), global air freight market demand grew by 10.4% in the first-half of 2017 compared to the first-half of 2016, making it the strongest first half-year performance since air cargo’s rebound in 2010.
With record setting ocean and air volumes, importers need to understand their options to ensure they are limiting impacts to their supply chain. Here are a few ways you can prepare and manage through this record breaking time.
Source: Cass Information Systems, Inc.
Both the Shipments and Expenditures Indexes extended their run of positive comparisons. Shipments turned positive eight months ago, while Expenditures turned positive seven months ago. In part because of normal seasonality, and in part because of more difficult comparisons, they were less strong in July.
Source: National Retail Federation
Boosted by continuing sales growth, August is expected to be the busiest month on record for imports at the nation’s major retail container ports and 2017 is on track to set a new annual high, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Source: Bureau of Labor Statistics
Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, professional and business services, and health care.
Source: Institute for Supply Management
Economic activity in the manufacturing sector expanded in July, and the overall economy grew for the 98th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.