Following the trend observed in the last four years, both total spend and the number of shipments for North American freight declined in October. The indexes have been below 2013 levels for the last several months. The first reading on third quarter GDP was a disappointing 1.5 percent annual growth rate, compared to 3.9 percent in the second quarter. Consumer sector goods are, by far, the strongest in the market now. In many ways this is the silver lining in the storm clouds, because it means that consumers are still in the game. Consumer spending, which accounts for more than two‐thirds of U.S. economic activity, grew 3.2 percent in the third quarter after expanding at a 3.6 percent pace in the second quarter.
The U.S. and its 11 negotiating partners – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam – reached preliminary agreement on October 5, 2015, on the Trans-Pacific Partnership (TPP), which would result in the world’s largest free-trade area, with a combined GDP of $27 trillion, equaling almost 40 percent of the global economy.
“Despite September’s decline, the U.S. LEI still suggests economic expansion will continue, although at a moderate pace,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The recent weakness in stock markets, the manufacturing sector and housing permits was offset by gains in financial indicators, and to a lesser extent improvements in consumer expectations and initial claims for unemployment insurance. The U.S. economy is on track for moderate growth of about 2.5 percent in the coming quarters, despite the mixed global economic landscape.”
Institute for Supply Management
Economic activity in the manufacturing sector expanded in October for the 34th consecutive month, and the overall economy grew for the 77th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
Cass Information Systems, Inc.
As expected, freight shipments and payments rose in September following two months of decline. Looking back over the last several years, September is often the final growth spurt for the year.
Import cargo volume at the nation’s major retail container ports is expected to increase 3.3 percent this month over the same time last year as retailers make final preparations for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Learn about updated Industry information and MIQ Logistics in the news.
OVERLAND PARK, Kan., October 8, 2015 – MIQ Logistics is pleased to announce that Amy Breeman-Rhodes has joined its Compliance team as Import Manager and Customs Broker for the Washington, D.C. area. Breeman-Rhodes has responsibility for facilitating the entry, clearance and movement of import cargo for MIQ Logistics customers. Prior to joining MIQ Logistics, Breeman-Rhodes owned a consulting company, specializing in import/export trade and customs compliance.
OVERLAND PARK, Kan., October 7, 2015 – A recent report shows MIQ Logistics continues to deliver exceptional service amid the evolution in domestic transportation management (DTM) and freight brokerage.
In its Right Price: Modern Freight Brokerage in the U.S. report, Armstrong & Associates includes its Top 100 U.S. DTM/Freight Broker list. Within the list, MIQ Logistics ranks 35.
The trade ministers from the 12 participating TPP countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam) after five (5) days of round-the-clock negotiations in Atlanta agreed on Monday, Oct 5, 2015 to the largest regional trade agreement in history. The final sticking points in Atlanta centered on the length of market protections for an emerging class of pharmaceuticals, tariffs for dairy products and rules governing how to classify where automobiles are manufactured.
The TPP still faces months of debate in Congress even as presidential candidates, labor unions and liberal activists line up to oppose the agreement. On the other hand, Congress gave the president “fast track” trade promotion authority (TPA) in June, which guarantees that trade agreements will receive expedited consideration in Congress and a yes-or-no vote without amendments or filibusters.
The full text of the Agreement’s thirty (30) chapters will not be available for a month. Under the terms of the fast-track legislation, the president must wait 90 days after the TPP agreement is completed before he signs it and sends it to Congress for a vote, and the text of the accord must be made public for at least 60 of those days.
For more information, please contact your local MIQ Logistics representative.