Economic activity in the manufacturing sector climbed in July; for the 14th consecutive month:
News / Industry News
Welcome to the July 2014 Logistics Link, the MIQ Logistics monthly newsletter
US Customs and Border Protection (CBP) announced a plan to unify the Customs-Trade Partnership Against Terrorism (“C-TPAT”) and Importer Self-Assessment (“ISA”) programs under a new test program called the “Trusted Trader Program.”
“Consumer confidence increased for the third consecutive month and is now at its highest level since October 2007 (95.2). Strong job growth helped boost consumers’ assessment of current conditions, while brighter short-term outlooks for the economy and jobs, and to a lesser extent personal income, drove the gain in expectations. Recent improvements in consumer confidence, in particular expectations, suggest the recent strengthening in growth is likely to continue into the second half of this year.” – The Conference Board
The announced levels for Transpacific Eastbound Peak Season Surcharge (PSS) and Bunker Fuel Adjustments from the carriers are listed below.
The American Trucking Assoications’ advanced seasonally adjusted For-Hire Truck Tonnage was reported to have declined in the month of June by 0.8%; this followed a increase in May of 0.9%.
“The amount of freight carried by the for-hire transportation industry rose 0.6 percent in May from April, rising for the fourth consecutive month, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) Freight Transportation Services Index (TSI) released today.”
Today the Global Port Tracker report by the National Retail Federation and Hackett Associates. Current and forecasted U.S. import volume data is found within the report which points to July as being the highest monthly volume in the last five years.
“June shipment volumes increased 2.4 percent to the highest level since November 2007, just before the recession. Volumes were 6.0 percent higher than a year ago and are up 15.8 percent since the beginning of 2014.”
On Thursday 7/3/14 the Bureau of Labor Statistics released their latest “Employment Situation Summary”. For the month of June, total nonfarm payroll employment witnessed an increase of 288,000.
“Transportation and warehousing employment increased by 17,000 in June.” Over the prior 12 months, this industry has averaged an additional 11,000 jobs per month.