News

BTS Releases April 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 1.3 percent in April from March, rising after two months of decline, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). The April 2016 index level (121.1) was 27.9 percent above the April 2009 low during the most recent recession.

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Port Tracker report calls for slow summer import volume growth

Logistics Management

Keeping in line with its previous edition, the Port Tracker report issued today by the National Retail Federation (NRF) and maritime consultancy Hackett Associates pointed to slow growth in the summer months for United States-based retail container ports.

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Transpacific Eastbound GRI and PSS 061516

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 060616

U.S. Economic Snapshot

“The U.S. LEI picked up sharply in April, with all components except consumer expectations contributing to the rebound from an essentially flat first quarter,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “Despite a slow start in 2016, labor market and financial indicators, and housing permits all point to a moderate growth trend continuing in 2016.”

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U.S. Unemployment Situation – May 2016

Bureau of Labor Statistics

The unemployment rate declined by 0.3 percentage point to 4.7 percent in May, and  nonfarm payroll employment changed little (+38,000), the U.S. Bureau of Labor Statistics reported today. Employment increased in health care. Mining continued to lose jobs, and employment in information decreased due to a strike.

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Verified Gross Mass (VGM) Certification Effective July 1

On July 1, 2016, the new container weight verification rule will go into effect and will impact shippers from 171 countries due to the added requirements of necessary documentation. The International Maritime Organization (IMO) adopted this new requirement under the Safety of Life at Sea (SOLAS) Chapter VI, Part A, Regulation 2. 

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Mahindra Recognizes MIQ Logistics

MIQ Logistics is pleased to be recognized by Mahindra USA with two awards. The awards were given at the Mahindra Partners Award Banquet on May 24, 2016 in Houston, TX.

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May 2016 Manufacturing ISM Report on Business

Institute for Supply Management.

Economic activity in the manufacturing sector expanded in May for the third consecutive month, while the overall economy grew for the 84th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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CSCMP San Francisco Announces MIQ LOGISTICS Scholarship

The MIQ Logistics 2016 Scholarship award winner was announced at the Council of Supply Chain Management Professionals San Francisco 2016 Inaugural Business & Scholars Gala on May 11, 2016.

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Cass Freight Index Report – April 2016

Cass Information Systems

North American freight shipments continued to rise in April, although at a much lower rate than earlier in the year. This slowdown mirrors the slowdown in the economy. Expenditures for freight were up marginally. The number of new jobs created fell in April as the unemployment rate hit a one-year high. Hiring for manufacturing, which declined in March, stalled, while construction jobs also fell off. These are signs that businesses are holding off on hiring
because of the perceived weakness in the economy. Manufacturing declined in April and remains weak.

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