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.
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.
The following announced levels from carriers are for upcoming General Rate Increases (GRI). Additionally, you will find Bunker Fuel Level updates as well as the Low Sulphur Levels for the 1st quarter of 2018.
“The US LEI increased sharply in October, as the impact of the hurricanes dissipated,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The growth of the LEI, coupled with widespread strengths among its components, suggests that solid growth in the US economy will continue through the holiday season and into the new year.”
Source: The Conference Board
Company doubles down on global logistics, selling its North America domestic transportation business unit to invest more in its worldwide operations
OVERLAND PARK, Kan., November 27, 2017 – MIQ Logistics plans to enhance its global logistics operations after the sale of its North America domestic transportation business unit. The company will use the proceeds to improve end-to-end logistics capabilities, expand its global footprint, enrich its global service portfolio and continue to invest in leading technology — all to serve the surging global demands of customers.
AFTER THE SALE OF ITS NORTH AMERICA DOMESTIC TRANSPORTATION BUSINESS UNIT, MIQ PLANS TO INVEST MORE WORLDWIDE AS CUSTOMERS’ DEMAND FOR INTERNATIONAL SERVICES SURGES
OVERLAND PARK, Kan., November 16, 2017 – MIQ Logistics has named Chris Capodanno to the newly-created position of Vice President, Global Business Development. He will lead the company’s global sales strategy and initiatives, with oversight of all global business development activities around the world.
Source: National Retail Federation
After months of record-setting volume as retailers stocked up for a busy holiday season, imports at the nation’s major container ports should be essentially flat this month compared with the same time last year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
The United States International Trade Commission (USITC) on October 31 announced the remedy recommendations that it will forward to the President in its global safeguard investigation regarding imports of crystalline silicon photovoltaic cells (whether or not partially or fully assembled into other products).
Source: Bureau of Labor Statistics
Total nonfarm payroll employment rose by 261,000 in October, and the unemployment rate edged down to 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment in food services and drinking places increased sharply, mostly offsetting a decline in September that largely reflected the impact of Hurricanes Irma and Harvey. In October, job gains also occurred in professional and business services, manufacturing, and health care.
Source: Institute for Supply Management
Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 101st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.