News

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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Brexit Updates

Because of Great Britain’s vote to leave the European Union, the supply chain industry can expect a period of uncertainty as countries open negotiations and future relationships with Great Britain. 

This uncertainty will inevitably lead to a challenging time for business, so maintaining effective supply chains that strengthen, retain, and build market share will be essential.

Although there is a time of uncertainty, one area is reasonably clear; the Customs landscape will not change for at least two years. Those that operate Customs procedures, apply for Customs Authorizations, or plan to implement duty saving procedures, will remain unhindered for the time being. Brexit2

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.

To stay up to date with the latest issues, regularly check our News section, follow us on Twitter (@MIQLogistics_hq), and subscribe to our email updates.


U.S. Unemployment Situation June 2016

Bureau of Labor Statistics

Total nonfarm payroll employment increased by 287,000 in June, and the unemployment rate rose to 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job growth occurred in leisure and hospitality, health care and social assistance, and financial activities. Employment also increased in information, mostly reflecting the return of workers from a strike.

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June 2016 Manufacturing ISM Report on Business

Institute for Supply Management  

Economic activity in the manufacturing sector expanded in June for the fourth consecutive month, while the overall economy grew for the 85th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Updated SOLAS/VGM Requirements Effective Today July 1

In view of the recent easing of the SOLAS VGM requirements, specifically the Terminal Weighing Approach (TWA) where carriers will accept the weight from the terminal and not the shipper, we will no longer require the Verified Gross Mass (VGM) Certification distributed earlier this month.

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Ingram’s Magazine Names MIQ A Top Privately Held Company

OVERLAND PARK, Kan., June 30, 2016 – 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.

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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.

MIQ executives said the deal shows the growing attraction of medium-sized 3PLs to retail shippers, in comparison to the largest multinational logistics operators, due to higher customer service levels.

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ATA Truck Tonnage Index Increased 2.7% In May

American Trucking Associations

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.7% in May, following a revised 1.7% drop during April. In May, the index equaled 139 (2000=100), up from 135.3 in April. The all-time high was 144 in February.

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Cass Freight Index Report – May 2016

Cass Information Systems

Although North American freight shipments continued to climb in May, they are still well below those of the last several years. Expenditures for freight fell for the third time in five months. The
current economic outlook is volatile, which has led to slow uneven growth. What is perceived as a strong sign one week often looks like a sign of economic weakness the next. Even the Federal
Reserve is having difficulty pinning down the direction and strength of the economy. At their June 15 meeting, they lowered their economic growth projection from 2.2 percent to 2.0 percent. The global economy is facing many unsettling influences, such as Britain’s possible exit from the EU, China’s economic woes and currency problems, and oil prices.

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June Logistics Link

Learn Industry news and MIQ information in the June Logistics Link.

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