News

The Employment Situation – – June 2017

Source: Bureau of Labor Statistics

Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, social assistance, financial activities, and mining.

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Q3 Regulatory Updates

Higher Tariffs?           

A widely-cited AXIOS report indicates the President intends to impose 20% tariffs on Steel and possibly other imports, against the advice of his cabinet.  Other products under scrutiny include Aluminum, Solar Cells and Washing Machines

More expansive than Antidumping or Countervailing Duty, Section 232 of the Trade Expansion Act of 1962  (Sec 232 – National Security: Steel, Aluminum) and Section 201 of the Trade Act of 1974 (Sec 201 – Global Safeguards: Solar Cells, Washing Machines) permit the imposition  of trade barriers, including increased duties, across all origins and, is not trading-partner specific.

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June 2017 Manufacturing ISM Report On Business

Source: Institute for Supply Management.

Economic activity in the manufacturing sector expanded in June, and the overall economy grew for the 97th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Cass Freight Index – May 2017

Cass Information Systems, Inc. 

Not only have both the Shipments and Expenditures Indexes have now been positive for five months in a row, but they are showing accelerating strength. Throughout the U.S. economy, there is a growing number of data points suggesting that the economy continues to get slightly better. Some data points are simply less bad, but an increasing number of them are better, and even a few are becoming outright strong.

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Maersk Impacted by Cyber Attack “Petya”

On Tuesday, the ‘Petya’ ransomware cyberattack began hitting companies throughout Russia, Ukraine, France, Denmark and the U.S.   Initial reports indicated the attack disrupted more than 80 companies.  Infected computers displayed a message demanding a Bitcoin ransom. The cyberattack hit numerous companies ranging from food processors to crude oil producers to European government agencies as well as A.P. Moller-Maersk, the world’s largest shipping company.

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Ingram’s Names MIQ Logistics A Top 100 Company For The Seventh Consecutive Year

ingrams top 100 2017

OVERLAND PARK, Kan., June 27, 2017 – MIQ Logistics is pleased to announce that for the seventh consecutive year it is ranked on the Ingram’s list of Top 100 Privately Held Companies in the greater Kansas City area.

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U.S. Economic Snapshot – June 2017

“The U.S. LEI continued on its upward trend in May, suggesting the economy is likely to remain on, or perhaps even moderately above, its long-term trend of about 2 percent growth for the remainder of the year,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The improvement was widespread among the majority of the leading indicators except for housing permits, which declined again. And, the average workweek in manufacturing has recently shown  no sign of improvement.”       – The Conference Board

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Air & Ocean Freight Consolidation From Miami to Guayaquil Ecuador

MIQ Logistics is now providing air and ocean freight consolidation services from Miami (MIA) to Guayaquil, Ecuador

MIQ Logistics consolidation services are chosen through blocked space agreements (BSA) through premium commercial and freighter airline direct flights. Many of the blocked space agreements are with freighter cargo carriers, which helps eliminate commercial aircraft restrictions that occur.

Additionally, MIQ Logistics also offers weekly ocean less-than-container (LCL) and full-container-load (FCL) consolidation options between Miami and Guayaquil.

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ATA Truck Tonnage Index Jumped 6.5% In May

American Trucking Associations

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 6.5% in May, following a 1.5% decline during April. In May, the index equaled 144.1 (2000=100), up from 135.3 in April.

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MIQ UK Shortlisted At 2017 Retail Week Supply Chain Awards

We are excited to announce that our MIQ Global team in the UK was shortlisted in the Supply Chain Visibility category at the 2017 Retail Week Supply Chain Awards. 

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