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Cass Freight Index - May 2017

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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supply chain alert banner 2017

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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US Economic Snapshot

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 Freight Air Plane Icon

Air & Ocean Freight Consolidation From Miami to Guayaquil Ecuador

Air and Ocean Freight Consolidation

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

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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MIQ Logistics GRI Chart

Transpacific Eastbound General Rate Increase (GRI) and Peak Season Surcharge (PSS)

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.

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Import Cargo Volume MIQ

Retail Imports Could Hit Record Despite Slower Growth

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.

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THE EMPLOYMENT SITUATION – MAY 2017

The Employment Situation – May 2017

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.

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