Economic activity in the manufacturing sector expanded in January, and the overall economy grew for the 105th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
For many U.S. importers who are working to bring in merchandise during first quarter, there can be confusion regarding key dates for this holiday. Some confusion pertains to the approximate date for Chinese and Asian suppliers to stop working prior to the Lunar New Year holiday. Other questions are pertain to how the holiday impacts customs offices within these countries.
The following are a list of U.S. economic indices captured within the last 30 days.
Safeguard Tariffs on Imported Solar Cells
- The ITC determined that increased solar cell and module imports are a substantial cause of serious injury to the domestic industry. Although the Commissioners could not agree on a single remedy to recommend, most of them favored an increase in duties with a carve-out for a specified quantity of imported cells.
Winter weather continues to impact supply chain operations from Texas to Georgia. For Wednesday (Jan 17th) our MIQ Global Houston branch will open on a delayed start; opening their doors at 12:00 (noon). Additionally, our MIQ Global Atlanta branch will be closed today due to the storm which has brought about a state of emergency in central and north Georgia.
MIQ Global Houston office is closed for today (Jan 16th) due to inclement winter weather. According to the National Weather Service the Houston area is currently under a Winter Storm Warning for northern portions of the Houston area, while a Winter Storm Advisory is in effect for southern portions of the area. These advisories are in effect until midnight tonight, but may be replaced by a Hard Freeze Warning before this afternoon. Due to the fact that the National Weather Service has advised to avoid traveling, our MIQ Global Houston office will remain closed.
Over the last few weeks operations within MIQ Logistics have been experiencing a tightening of the intermodal drayage market, especially throughout certain regions of the U.S. Drayage demand is currently outpacing capacity, and there are several factors, both new and old that are contributing to increased pricing and equipment shortages.
Source: National Retail Federation
Imports at the nation’s major retail container ports grew 7 percent during 2017 over 2016 as retail sales continued to increase and the industry wrapped up the year with a strong holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
GSP Expired On December 31, 2017
The Generalized System of Preferences (GSP) provides duty-free treatment to goods of designated beneficiary countries. The program was authorized by the Trade Act of 1974 to promote economic growth in the developing countries and was implemented on January 1, 1976.
Source: Bureau of Labor Statistics
Total nonfarm payroll employment increased by 148,000 in December, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in health care, construction, and manufacturing.