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News / Industry News

ISM Manufacturing Report

April 2017 Manufacturing ISM Report on Business

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in April, and the overall economy grew for the 95th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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supply chain alert

The Status of NAFTA

The President was prepared to end the North American Free Trade Agreement deal, which had governed trade relations for the past 23 years, with a dramatic announcement April 29th at a Pennsylvania political rally marking his 100th day in office.  But after speaking with the leaders from Canada and Mexico, the President announced he will not cancel the North American Free Trade Agreement and will instead work to renegotiate it with Mexico and Canada, reserving the right to cancel if the US does not obtain a favorable deal.

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April 2017 Logistics Link

Throughout April 2017, there were many events that occurred within the global logistics industry. The April 2017 Logistics Link from MIQ Logistics gives insights into industry news, services provided by MIQ, updates with MIQ, and events that will be occurring in the near future.

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U.S. Economic Snapshot

U.S. Economic Snapshot – April – 2017

“The March increase and upward trend in the U.S. LEI point to continued economic growth in 2017, with perhaps an acceleration later in the year if consumer spending and investment pick up,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The gains among the leading indicators were very widespread, with new orders in manufacturing and the interest rate spread more than offsetting declines in the labor market components in March.”   The Conference Board

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MIQ Supply Chain Alert

Major Port Delays at Shanghai’s Yangshan Port

Reports of severe port congestion at Shanghai’s Yangshan deepwater port have been coming in with more frequency over the last few days. Operations at MIQ Logistics in Shanghai have reported sailing schedule delays for a variety of reasons:

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Cass Freight Index Report-March 2017

Cass Freight Index Report – March 2017

Source: Cass Information Systems

Both the Shipments and Expenditures Indexes have now been positive for three months in a row. Throughout the U.S. economy, there are a growing number of data points suggesting that the economy is getting better. Some data points are simply less bad, but an increasing number of them are better, and even a few are becoming outright strong. The 0.9% YoY increase in the March Cass Shipments Index is yet another data point which suggests that the first positive indication in October may have indeed been a change in trend. In fact, it now looks as if the October Cass Shipments Index, which broke a string of 20 months in negative territory, was one of the first indications that a recovery in freight had begun in earnest.

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ATA's Truck Tonnage Index

ATA Truck Tonnage Index Decreased 1% In March

Source: American Trucking Associations

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index slipped 1% in March, following a 0.1% decline during February. (February’s percentage decrease was unchanged from our press release on March 21, 2017.) In March, the index equaled 137.5 (2000=100), down from 138.8 in February. The all-time high was 142.7 in February 2016.

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Inventory Logistics

Manufacturing and Trade Inventories and Sales, February 2017

Source: U.S. Census Bureau

The combined value of distributive trade sales and manufacturers’ shipments for February, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,360.7 billion, up 0.2 percent (±0.2 percent)* from January 2017 and was up 7.1 percent (±0.4 percent) from February 2016.

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US Import Cargo Volume

Retail Imports Continue to Grow As Economy Expands

Source: National Retail Federation

Imports at the nation’s major retail container ports should continue to see strong increases throughout the spring and summer as the nation’s economy improves, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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US Unemployment

The Employment Situation – March 2017

Source: Bureau of Labor Statistics

The unemployment rate declined to 4.5 percent in March, and total nonfarm payroll employment edged up by 98,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services  and in mining, while retail trade lost jobs.

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