News

April 2017 Manufacturing ISM Report on Business

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in April, and the overall economy grew for the 95th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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The Status of NAFTA

The President was prepared to end the North American Free Trade Agreement deal, which had governed trade relations for the past 23 years, with a dramatic announcement April 29th at a Pennsylvania political rally marking his 100th day in office.  But after speaking with the leaders from Canada and Mexico, the President announced he will not cancel the North American Free Trade Agreement and will instead work to renegotiate it with Mexico and Canada, reserving the right to cancel if the US does not obtain a favorable deal.

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April 2017 Logistics Link

Throughout April 2017, there were many events that occurred within the global logistics industry. The April 2017 Logistics Link from MIQ Logistics gives insights into industry news, services provided by MIQ, updates with MIQ, and events that will be occurring in the near future.

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U.S. Economic Snapshot – April – 2017

“The March increase and upward trend in the U.S. LEI point to continued economic growth in 2017, with perhaps an acceleration later in the year if consumer spending and investment pick up,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The gains among the leading indicators were very widespread, with new orders in manufacturing and the interest rate spread more than offsetting declines in the labor market components in March.”   The Conference Board

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Transpacific Eastbound General Rate Increase (GRI) and Bunker Fuel Adjustment

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 2nd quarter of 2017.

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MIQ Supply Chain Alert

Major Port Delays at Shanghai’s Yangshan Port

Reports of severe port congestion at Shanghai’s Yangshan deepwater port have been coming in with more frequency over the last few days. Operations at MIQ Logistics in Shanghai have reported sailing schedule delays for a variety of reasons:

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Cass Freight Index Report – March 2017

Source: Cass Information Systems

Both the Shipments and Expenditures Indexes have now been positive for three months in a row. Throughout the U.S. economy, there are a growing number of data points suggesting that the economy is getting better. Some data points are simply less bad, but an increasing number of them are better, and even a few are becoming outright strong. The 0.9% YoY increase in the March Cass Shipments Index is yet another data point which suggests that the first positive indication in October may have indeed been a change in trend. In fact, it now looks as if the October Cass Shipments Index, which broke a string of 20 months in negative territory, was one of the first indications that a recovery in freight had begun in earnest.

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ATA's Truck Tonnage Index

ATA Truck Tonnage Index Decreased 1% In March

Source: American Trucking Associations

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index slipped 1% in March, following a 0.1% decline during February. (February’s percentage decrease was unchanged from our press release on March 21, 2017.) In March, the index equaled 137.5 (2000=100), down from 138.8 in February. The all-time high was 142.7 in February 2016.

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Manufacturing and Trade Inventories and Sales, February 2017

Source: U.S. Census Bureau

Sales
The combined value of distributive trade sales and manufacturers’ shipments for February, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,360.7 billion, up 0.2 percent (±0.2 percent)* from January 2017 and was up 7.1 percent (±0.4 percent) from February 2016.

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MIQ CFO Brenda Stasiulis Interviewed By Forbes

Forbes Insights interviewed MIQ Logistics CFO, Brenda Stasiulis, and other CFOs and CEOs to gain insight on the future of auditing quality, overall value, and how the “explosion” of data and new technologies were changing the profession. The report analyzes areas in which audit needs to evolve and what auditors need to do to keep pace with the changing expectations of clients. To download a pdf of the full study, go to Forbesinsights.com

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