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.
Source: National Retail Federation
Growing imports at the nation’s major retail container ports set an all-time monthly record this summer, and 2017 is expected to reach a new yearly record, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
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.
This week Mumbai has been hit by some of the heaviest flooding in a decade, due to significant rainfall from the monsoon. While it is reported that the flood waters are beginning to recede, there have been supply chain delays hampering both the airport as well as port terminals.
Source: Institute for Supply Management
Economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 99th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
In our ongoing effort to provide status updates regarding MIQ Global Houston, we are alerting our customers that the Global branch will remain closed through Friday September 1st. MIQ holds the safety and well being of our employees in the highest degree. While we are aiming to reopen the office on Tuesday September 5th, we will only do so once emergency officials have advised that it is safe to move about. MIQ does not anticipate that our office will be fully staffed during the first week of September, as the aftermath of Hurricane Harvey has impacted our Global Houston employees.
“The U.S. LEI improved in July, suggesting the U.S. economy may experience further improvements in economic activity in the second half of the year,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The large negative contribution from housing permits, a reversal from June, was more than offset by gains in the financial indicators, new orders and sentiment.” – The Conference Board
Source: American Trucking Associations
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 0.1% in July, following a 4.4% drop during June. In July, the index equaled 138.5 (2000=100), up from 138.4 in June.