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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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US Economic Snapshot November 2017

U.S. Economic Snapshot – November 2017

“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

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MIQ Logistics Takes Bold Strategic Step To Bolster Its Worldwide Logistics Leadership

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.

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MIQ Logistics Names Chris Capodanno as VP-Global Business Development

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.

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US Cargo Import Volume November 2017

Imports Level Off But ‘Warehouses Are Full’ As Retailers Enter Holiday Season

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.

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USITC Announces Remedy Recommendations In Solar Cell Investigation

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).

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U.S. Unemployment MIQ Logistics

The Employment Situation – October 2017

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.

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October 2017 Manufacturing ISM Report

October 2017 Manufacturing ISM Report on Business

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®.

Read More