News

June 2016 Freight Transportation Services Index (TSI)

U.S. Department of Transportation

The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 0.6 percent in June from May, rising for the third consecutive month, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). The June 2016 index level (122.3) was 29.1 percent above the April 2009 low during the most recent recession.

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On-Highway Diesel Historical & Forecast

Energy Information Administration

In reviewing the Short Term Energy Outlook which was released on August 9th, the below product prices for regular gasoline and diesel pricing were forecast for 2016 and 2017:

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With Back-to-School Merchandise On The Shelves, Retail Imports Turn Toward Holiday Season

National Retail Federation 

August should be the busiest month of the year for import cargo volume at the nation’s major retail container ports now that retailers have stocked up for back-to-school and are getting a head start on holiday season merchandise. That’s according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates, which said cargo volume for 2016 should end the year with a 1.6 percent increase over last year.

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Transpacific Eastbound General Rate Increase (GRI) and Peak Season Surcharge (PSS), and Bunker Fuel Adjustments

The following announced levels from carriers are for upcoming General Rate Increases (GRI) and Peak Season Surcharge (PSS).  Additionally, you will find Bunker Fuel Level updates as well as the Low Sulphur Levels for the 3rd quarter of 2016.

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U.S. Economic Snapshot

“The U.S. LEI picked up in June, reversing its May decline,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “Improvements in initial claims for unemployment insurance, building permits, and financial indicators were the primary drivers. While the LEI continues to point to moderating economic growth in the U.S. through the end of 2016, the expansion still appears resilient enough to weather volatility in financial markets and a moderating outlook in labor markets.”

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Inbound Logistics Names MIQ Logistics As Top 100 3PL Provider

Overland Park, KS, August 4, 2017 — MIQ Logistics is pleased to announce being named by Inbound Logistics magazine as a Top 100 3PL Provider for the fifth year. Inbound Logistics editors selected this year’s class of Top 100 3PLs from a pool of nearly 300 companies.

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The Employment Situation – July 2016

Bureau of Labor Statistics

Total nonfarm payroll employment rose by 255,000 in July, and the unemployment rate was unchanged at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and financial activities. Employment in mining continued to trend down.

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July 2016 ISM Manufacturing Report on Business

Institute for Supply Management 

Economic activity in the manufacturing sector expanded in July for the fifth consecutive month, while the overall economy grew for the 86th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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ATA Truck Tonnage Index Fell 1.5% in June

American Trucking Associations

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.5% in June, following a revised 2.9% gain during May. In June, the index equaled 137.2 (2000=100), down from 139.3 in May. The all-time high was 144 in February.

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July 2016 Logistics Link

MIQ Updates

Ingram’s Magazine Names MIQ A Top Privately Held Company

MIQ Logistics is excited to announce that for the sixth consecutive year it is ranked on the Ingram’s list of Top 100 Privately Held Companies in the greater Kansas City area.

BREXIT UPDATES

MIQ Logistics is working closely with the UK and European trade associations to lobby on behalf of our customers all over the world to protect their interests throughout this re-negotiation period. We will monitor the progress and advise all our customers of any developments as they occur.

MIQ LOGISTICS WINS FIVE-YEAR FRENCH CONNECTION CONTRACT

One of the UK’s leading fashion brands French Connection has signed a five-year inbound logistics contract with MIQ Logistics, worth around £6m.

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