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News

September 2019 Manufacturing ISM® Report On Business®

Source: Institute for Supply Management October 1, 2019

Economic activity in the manufacturing sector contracted in September, and the overall economy grew for the 125th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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China Tariffs: USTR Releases Product Exclusions for Lists 1, 2, and 3

On Tuesday, September 17, 2019, the United States Trade Representative (USTR) office released three notices of product exclusions to the Section 301 List 1-3 products currently subject to a 25% tariff as follows:

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Houston, TX Office Re-opened Today – Friday, September 20

The Noatum Logistics USA Houston office, located at 8575 Volta Dr, Suite 400, Humble, TX, re-opened today, Friday, September 20. The office is operating with a limited staff.

Clients should continue to expect delays due to flooding and power outages in surrounding areas resulting from Tropical Depression Imelda.

For more information, please contact your local Noatum Logistics USA representative.


Houston, Texas Office Closure Due to Storm

Due to the severe flooding and power outages resulting from Tropical Depression Imelda, the Noatum Logistics USA Houston office located at 8575 Volta Dr, Suite 400, Humble, TX 77338 is closed today, Thursday, September 19. Clients should expect delays due to the storm.

At this time, we are planning to re-open the Houston office as soon as weather conditions permit. We are closely monitoring the situation and will provide updates as necessary in the News and Expertise section on our website homepage.

For more information, please contact your local Noatum Logistics USA representative.

 

 


China Tariffs Increase Delayed

On Wednesday, September 11, 2019, the president of the United States announced that “as a gesture of good will” the United States will delay the 5% increase in tariffs on $250 billion worth of Chinese imports originally scheduled for October 1, 2019. The increase is now scheduled for October 15, 2019.

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Retail Imports Surging Again Ahead of More Tariffs

Source: National Retail Federation Press Release – September 10, 2019

Imports at the nation’s major retail container ports reached unusually high numbers just before new tariffs on goods from China took effect September 1, and are expected to surge again before another round of tariffs takes effect in December, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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August 2019 Manufacturing ISM® Report On Business®

Source: Institute for Supply Management – September 3, 2019

Economic activity in the manufacturing sector contracted in August, and the overall economy grew for the 124th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Hurricane Dorian Heads Up Coast of Southeast USA

Hurricane Dorian continues to wreak havoc in the Bahamas today. The storm is expected to move toward the east coast of Florida and continue on a northward offshore path along the southeast coast of the United States during the next several days. For more details regarding weather forecasts, please refer to:

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Comment Period Now Open for Section 301 Tariff Increase for China

On Thursday, August 29, 2019, the United States Trade Representative (USTR) issued a request for comments concerning Section 301 actions. This comment period is specific to the increase in tariffs from 25 percent to 30 percent for Section 301 Lists 1-3 valued at $250 billion previously announced in the USTR Statement on Section 301 Tariff Action Regarding China. These new tariffs are set to increase on October 1, 2019.

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Hurricane Dorian Posing Threat to Areas in Caribbean, Atlantic, and Southeast USA

The National Weather Service has issued hurricane advisories for several areas in the Caribbean Sea and Atlantic Ocean related to Hurricane Dorian. Hurricane Dorian now threatens the southeast USA, including Florida, Georgia and the Carolinas over the weekend. The exact path of the storm is uncertain at this time. Companies and residents are encouraged to closely monitor the forecast in these areas and take appropriate measures.

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