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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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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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