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News / Industry News

Freight Transportation Services Index (TSI) rose for fourth consecutive month

U.S. Department of Transportation

The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 0.3 percent in October from September, rising for the fourth consecutive month, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). The October 2014 index level (121.8) was 28.8 percent above the April 2009 low during the most recent recession.

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Cass Freight Index Report – November 2014

Cass Information Systems

The November Cass Freight Index showed a drop in total freight expenditures of 0.7 percent and a corresponding decline in shipment volumes of 0.2 percent. This was not unexpected given the fact that retailers stocked up early in anticipation of problems at the West Coast ports. While November is generally a slower month for freight movement, the last several years have shown dramatic drop-offs in November. So, in context, this slight downward shift is an encouraging improvement that is helping to cap off a good year for freight.

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Freight Forwarding Shipping Carrier and Containers

Port of L.A.: Majority of holiday shipments unaffected by slowdowns

Cargo Business News

Most retail holiday import goods have already made it to store shelves, according to Port of Los Angeles spokesman Philip Sanfield, since many shippers sent peak season inventory early to avoid possible labor disruptions at the Ports of Los Angeles and Long Beach.

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Holiday Imports Wrapping Up As West Coast Port Issues Continue

National Retail Federation

With most holiday merchandise safely in the country despite significant congestion impacting West Coast ports, import cargo volume at the nation’s major retail container ports is expected to continue to slow down this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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Total Non-Farm Payroll Employment Increased 321,000 in the U.S. in November

Bureau of Labor Statistics

Total nonfarm payroll employment increased by 321,000 in November, and the unemployment rate was unchanged at 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were widespread, led by growth in professional and business services, retail trade, health care, and manufacturing.

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ILWU and PMA may move closer to contract agreement in coming week

Logistics Management

When the International Longshore and Warehouse Union (ILWU) convenes a caucus in San Francisco next week, contract negotiations with the Pacific Maritime Association may finally draw to a close.  According to labor/management analysts, a tentative agreement could be worked out by the 100 caucus members, and then presented to the union for approval.

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November 2014 Manufacturing ISM Report on Business

Institute for Supply Management

Economic activity in the manufacturing sector expanded in November for the 18th consecutive month, and the overall economy grew for the 66th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Globe Logistics

Trans-Pacific Partnership (TPP) Overview

The Trans-Pacific Partnership (TPP) is more than a Free Trade Agreement aimed at reducing tariffs among the participants. The TPP is an ambitious, 21 st century “comprehensive and high-standard” Free Trade Agreement that aims to liberalize trade in nearly all goods and services, including beyond those currently established in the World Trade Organization (WTO) and remove Technical Barriers to Trade (TBT’s).

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Multiple Carriers Again Postpone Port Congestion Surcharge

MIQ Logistics has received notices from multiple ocean carriers stating that the port congestion surcharge (PCS) scheduled to go into effect today, November 26th, has been  postponed until further notice. The postponed surcharge would have affected cargo entering the U.S. via U.S. West Coast ports or Canadian Gateway ports.

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NAFTA: Seven consecutive months with U.S.-NAFTA freight flows exceeding $100 billion

Bureau of Transportation Statistics

U.S.-NAFTA freight totaled $102.2 billion in September 2014 as all five major transportation modes – air, vessel, pipeline, rail, and trucks – carried more U.S.-NAFTA freight than in September 2013, according to the TransBorder Freight Data released today by the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS).

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