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The following announced levels from carriers are for upcoming General Rate Increases (GRI) and Peak Season Surcharge (PSS). Additionally, you will find Bunker Fuel Level updates as well as the Low Sulphur Levels for the 1st quarter of 2018.
News
The Commerce Department on February 16, 2018 released the results of the Section 232 investigation on the effects of imports of steel and aluminum on national security. The President is required to make a decision on the steel recommendations by April 11, 2018, and on the aluminum recommendations by April 19, 2018.
This is our latest update on the tightening North American intermodal and drayage market. Because of the importance of this situation, MIQ Logistics has created a dedicated page on our website which can be accessed here. This page will contain carrier updates as well as an archive of industry articles pertaining to the ongoing issues and the contributing factors.
Source: DC Velocity
U.S. intermodal traffic volumes set a record in 2017, and the consensus going into 2018 is for more gains. The global economy ended last year with its best-synchronized recovery since 2010. In the U.S., ocean imports were expected to rise 7 percent over 2016 levels, according to a December survey by the National Retail Federation (NRF) and consultancy Hackett Associates. Meanwhile, already-solid domestic intermodal demand will likely be goosed if qualified over-the-road drivers remain in short supply and if the trucking industry struggles with transitioning to the federal safety mandate requiring that virtually all trucks built after the year 2000 have electronic logging devices (ELDs) onboard.
Source: National Retail Federation
Imports at the nation’s major retail container ports are expected to grow a healthy 4.9 percent during the first half of 2018 compared with the same period a year earlier, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Source: Institute for Supply Management
Economic activity in the manufacturing sector expanded in January, and the overall economy grew for the 105th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
For many U.S. importers who are working to bring in merchandise during first quarter, there can be confusion regarding key dates for this holiday. Some confusion pertains to the approximate date for Chinese and Asian suppliers to stop working prior to the Lunar New Year holiday. Other questions are pertain to how the holiday impacts customs offices within these countries.
The following announced levels from carriers are for upcoming General Rate Increases (GRI) and Peak Season Surcharge (PSS). Additionally, you will find Bunker Fuel Level updates as well as the Low Sulphur Levels for the 1st quarter of 2018.
Safeguard Tariffs on Imported Solar Cells
- The ITC determined that increased solar cell and module imports are a substantial cause of serious injury to the domestic industry. Although the Commissioners could not agree on a single remedy to recommend, most of them favored an increase in duties with a carve-out for a specified quantity of imported cells.