Over the last few weeks operations within MIQ Logistics have been experiencing a tightening of the intermodal drayage market, especially throughout certain regions of the U.S. Drayage demand is currently outpacing capacity, and there are several factors, both new and old that are contributing to increased pricing and equipment shortages.
News / Supply Chain Alerts
Capacity shortages within the truckload and intermodal markets have been an ongoing topic in supply chain for the last few years. There have been numerous publications that have listed out the factors contributing to these shortages. These factors range from a shortage of qualified long-haul drivers, to equipment shortages, and government regulations. On Monday, December 18th the ELD (Electronic Logging Device) mandate will take effect. This mandate has the potential to tighten truckload capacity even further; which could have a rippling effect on inland transportation.
With multiple fires actively being fought by firefighters in two counties near Los Angeles, MIQ Logistics wanted to notify our customers of the latest reports that are being released, and current impacts to road closures within the area.
The Fixing America’s Surface Transportation Act (FAST Act, Pub. L. 114-94) amended section 13031 of the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 (19 U.S.C. 58c) by requiring certain customs COBRA user fees and corresponding limitations to be adjusted by the Secretary of the Treasury (“Secretary”) to reflect certain increases in inflation.
On Tuesday, the U.S. Customs and Border Protection issued a trade notice which updated wood packaging material guidance for wood packing material destined to the U.S.
This trade notice CSMS#17-000612, spotlights a date of November 1st for potential penalties that the responsible party for wood packaging material (WPM) imports may face should their wpm be found to be in violation.
MIQ Logistics is hearing reports of potential supply chain interruptions due to manufacturers in China cutting back production or closing down factories temporarily due to environmental protection measures taken by the Chinese Government. According to multiple sources, the Chinese Ministry of Environmental Protection (MEP) has increased enforcement of clean air and water laws in an effort to reduce pollution.
On Tuesday, a major earthquake registering a magnitude 7.1 struck Central Mexico. The earthquake resulted in numerous fatalities and heavy structural damage throughout the capital.
MIQ Logistics is happy to announce that all MIQ team members and their families are safe, and neither facility suffered any major damage to the facility or customer cargo. Hurricane Irma made landfall on the Florida Keys over the weekend, and continued Northward up the Florida coast towards Georgia. Here are the latest updates concerning our Miami offices, Miami area team members, and Miami area ports of entry.
MIQ Logistics continues to monitor the status of Hurricane Irma as it is currently north of Puerto Rico and is expected to pass north of the coast of the Dominican Republic later today. Irma remains a category 5 at this moment as it approaches Florida going into the weekend.
The U.S. Coast Guard has ordered Port Condition Whiskey for the Ports of Miami, Miami River, Port Everglades, Port of Palm Beach, Port of Ft. Pierce, and all other terminals and facilities within Sector of Miami’s responsibility.