“The August gain is consistent with continuing growth in the U.S. economy for the second half of the year, which may even see a moderate pick up,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “While the economic impact of recent hurricanes is not fully reflected in the leading indicators yet, the underlying trends suggest that the current solid pace of growth should continue in the near term.” – The Conference Board
On Tuesday, the U.S. Customs and Border Protection issued a trade notice which updated wood packaging material guidance for wood packing material destined to the U.S.
This trade notice CSMS#17-000612, spotlights a date of November 1st for potential penalties that the responsible party for wood packaging material (WPM) imports may face should their wpm be found to be in violation.
MIQ Logistics is hearing reports of potential supply chain interruptions due to manufacturers in China cutting back production or closing down factories temporarily due to environmental protection measures taken by the Chinese Government. According to multiple sources, the Chinese Ministry of Environmental Protection (MEP) has increased enforcement of clean air and water laws in an effort to reduce pollution.
On Tuesday, a major earthquake registering a magnitude 7.1 struck Central Mexico. The earthquake resulted in numerous fatalities and heavy structural damage throughout the capital.
MIQ Logistics is happy to announce that all MIQ team members and their families are safe, and neither facility suffered any major damage to the facility or customer cargo. Hurricane Irma made landfall on the Florida Keys over the weekend, and continued Northward up the Florida coast towards Georgia. Here are the latest updates concerning our Miami offices, Miami area team members, and Miami area ports of entry.
Source: National Retail Federation
Growing imports at the nation’s major retail container ports set an all-time monthly record this summer, and 2017 is expected to reach a new yearly record, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
MIQ Logistics continues to monitor the status of Hurricane Irma as it is currently north of Puerto Rico and is expected to pass north of the coast of the Dominican Republic later today. Irma remains a category 5 at this moment as it approaches Florida going into the weekend.
The U.S. Coast Guard has ordered Port Condition Whiskey for the Ports of Miami, Miami River, Port Everglades, Port of Palm Beach, Port of Ft. Pierce, and all other terminals and facilities within Sector of Miami’s responsibility.
This week Mumbai has been hit by some of the heaviest flooding in a decade, due to significant rainfall from the monsoon. While it is reported that the flood waters are beginning to recede, there have been supply chain delays hampering both the airport as well as port terminals.
Source: Institute for Supply Management
Economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 99th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.