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The Employment Situation Summary – November 2016

Source: Bureau of Labor Statistics

The unemployment rate declined to 4.6 percent in November, and total nonfarm payroll employment increased by 178,000, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in professional and business services and in health care.

In November, the unemployment rate decreased by 0.3 percentage point to 4.6 percent, and the number of unemployed persons declined by 387,000 to 7.4 million. Both measures had shown little movement, on net, from August 2015 through October 2016.

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2016 Airfreight Forwarding Recognition Awarded to MIQ Logistics

OVERLAND PARK, Kan., November 29, 2016 – MIQ Logistics was named a top service provider in Inbound Logistics magazine’s recent Who’s Who in Airfreight Forwarding guide. This is the seventh consecutive year Inbound Logistics has included MIQ Logistics in its annual listing.

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November 2016 Manufacturing ISM Report on Business

Institute for Supply Management

Economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 90th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Cass Freight Index Report – October 2016

Source: Cass Information Systems, Inc. 

Consistent with what many in the industry have been calling a “more than normal fall surge” in volumes, the Cass Shipments Index was up on a YOY basis for the first time in 20 months. We have seen a wide range of results in the different modes: from continued volume growth in parcel and airfreight driven by e‐commerce, to a sequential improvement in truck tonnage, to less bad rail and barge volume overall. Although it is far too early to make a ‘change in trend’ call, data is beginning to suggest that the consumer is finally starting to spend a little and that the industrial economy’s rate of deceleration has eased. Simply put, the winter of the overall freight recession we have seen for over a year and a half in the U.S. may not be over, but it is showing signs of thawing.

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ingram's 250

MIQ’s John Carr Named On Ingram’s Most Powerful Business Leader List

Overland Park, KS, November 22, 2016 —John Carr, President and CEO of MIQ Logistics, was featured in Ingram’s Magazine Listing of The 250 Most Powerful Business Leaders in the Kansas City Area. Each year, 250 leaders in business are selected out of the approximately 2.8 million people in the Greater Kansas City Metropolitan Area.

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ATA Truck Tonnage Index Fell 0.3% in October

American Trucking Associations

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index contracted 0.3% in October, following a 6.3% drop during September (a downward revision from our press release last month). In October, the index equaled 131.6 (2000=100), down from 131.9 in September. The all-time high was 144 in February.

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Manufacturing and Trade Inventories and Sales

U.S. Census Bureau

Sales. The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for September, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,314.6 billion, up 0.7 percent (±0.2%) from August 2016 and was up 0.8 percent (±0.4%) from September 2015.

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November 2016 Logistics Link

The November 2016 Logistics Link contains industry news and recent MIQ Logistics updates.

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Paul Fitzpatrick Examines The Trade Facilitation And Trade Enforcement Act of 2015

As part of a recent video series, Paul Fitzpatrick, Managing Director of Global Trade Management, discusses key point regarding the “Trade Facilitation and Trade Enforcement Act of 2015.”

Back in December 9, 2015 Congress reached a final agreement on H.R. 644, the “Trade Facilitation and Trade Enforcement Act of 2015.”  The bipartisan, bicameral trade legislation was created to authorize U.S. Customs and Border Protection to put in place effective tools to: (a) strengthen trade enforcement at the border; and, (b) facilitate the efficient movement of legitimate trade and travel. The Bill went to the President for signature, was signed, and a statement was released by The White House Press Secretary on February 24, 2016.

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Retail Imports Up As Holiday Shoppers Head To Stores

Source: National Retail Federation

With the holiday shopping season officially under way, imports at the nation’s major retail container ports are expected to be up 4.4 percent this month over the same time last year and should see a slightly larger increase next month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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