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.
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.
“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
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.
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.
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 3rd quarter of 2017.
Source: National Retail Federation
The rate of import growth at the nation’s major retail container ports has begun to slow after double-digit surges earlier this year but volume should nonetheless hit an all-time high by the end of the summer, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Source: Bureau of Labor Statistics
Total nonfarm payroll employment increased by 138,000 in May, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and mining.