News

Economy Driving Double-Digit Growth In Imports Despite Tariff and Border Tax Talk In Washington

Source: National Retail Federation 

Imports at the nation’s major retail container ports should see double-digit year-over-year increases for the next two months as a growing economy increases the demand for affordable merchandise, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

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Transpacific Eastbound General Rate Increase (GRI), and Bunker Fuel Adjustments

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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February 2017 Manufacturing ISM Report on Business

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in February, and the overall economy grew for the 93rd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Manufacturing and Trade Inventories and Sales, December 2016

Source: U.S. Census Bureau

Sales The combined value of distributive trade sales and manufacturers’ shipments for December, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,356.0 billion, up 2.0 percent (±0.2 percent) from November 2016 and was up 5.2 percent (±0.4 percent) from December 2015.

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ATA Truck Tonnage Index Increased 2.9% in January

Source: American Trucking Associations

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 2.9% in January, following a 4.3% decrease during December. (December’s index was revised up from our press release on January 24, 2017.) In January, the index equaled 138.8 (2000=100), up from 134.9 in December. The all-time high was 142.7 in February 2016.

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Cass Freight Index Report – January 2017

Source: Cass Information Systems

Both the Shipments and the Expenditures Indexes have now turned positive. Throughout the U.S. economy, there is a growing number of data points that suggest that the worst is over and 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.

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MIQ Logistics UK Receives “Extra Mile Award” at Freight Service Awards

Last month, the British International Freight Association (BIFA) 28th annual Freight Service Awards were held. During the ceremony, the UK team for MIQ Logistics received an award in the Extra Mile category.

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Port Tracker calls for strong annual growth in first half of 2017

Source: Logistics Management

While United States-bound retail container volumes trended down in December, the over all outlook for 2017 volumes appears to be solid, according to the most recent edition of the Port Tracker report issued by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.

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U.S. Economic Snapshot – January 2017

“The U.S. Leading Economic Index increased in December, suggesting the economy will continue growing at a moderate pace, perhaps even accelerating slightly in the early months of this year,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “December’s large gain was mainly driven by improving sentiment about the outlook and suggests the business cycle still showed strong momentum in the final months of 2016.”  The Conference Board

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The Employment Situation – January 2017

Source: Bureau of Labor Statistics

Total nonfarm payroll employment increased by 227,000 in January, and the unemployment rate was little changed at 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in retail trade, construction, and financial activities.

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