U.S. Economic Snapshot – December 2017

The following are a list of U.S. economic indices captured within the last 30 days.

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Transpacific Eastbound General Rate Increase (GRR) and Peak Season Surcharge (PSS)

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.

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Ongoing Capacity Shortages For The Truckload And Intermodal Market

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.

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Import Numbers Show Retailers Restocking As Holiday Season Hits Final Days

Source: National Retail Federation 

Imports at the nation’s major retail container ports are expected to increase 1.5 percent this month over the same time last year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. The year, which included five of the seven busiest months for imports on record, should end with a healthy 6.4 percent increase over 2016.

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The Employment Situation – November 2017

Source: Bureau of Labor Statistics

Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today.
Employment continued to trend up in professional and business services, manufacturing,  and health care. 

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Multiple Fires Currently Burning Near Los Angeles; Impacting Lives , Roadways, and Infrastructure

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.

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November 2017 Logistics Link

During the month of November 2017, MIQ Logistics was involved in a number of events throughout the logistics industry. Read MIQ in the news, industry updates, services offered by MIQ, and events that will be taking place in the November 2017 logistics link.

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November 2017 Manufacturing ISM Report

November 2017 Manufacturing ISM Report on Business

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 102nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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All Carrier Booking Requests For Cargo Destined to the U.S. Must Include A Six Digit HTS#

US CBP issued new requirements governing the movement of cargo in-bond from the Port of Discharge to an Inland Port for Customs Clearance or Export.   These new requirements are effective November 27, 2017.  Full enforcement of the new rules will begin February 24, 2018.  The most important change for MIQ origins is that CBP now requires the six-digit HTSUS number on ocean cargo consigned to inland points.

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CBP Announces Merchandise Processing Fees (MPF) Increase

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.

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