News

MIQ Supply Chain Alert

Updated Details Regarding Tianjin Explosion

In the 36 hours since MIQ’s last Supply Chain Alert, there have been many new details surfacing in the aftermath of the Tianjin explosion.
While there are many details that are still unknown, MIQ Logistics would like to report to you what we do know at this time.

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Cass Freight Index Report

Cass Information Systems

North American shipment volumes and their related costs both trailed downward in July, keeping in line with the seasonal patterns of the last five years. July is
traditionally a slow month for freight as it lies between the surges of back‐to‐school and the holidays. Although both indexes are below last year’s levels at this time,
they compare quite favorably with prior years. There should be an element of caution when comparing 2015 results to 2014 since last year was the best year the
freight sector has experienced since the recession.

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June 2015 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, fell 0.3 percent in June from May,
falling after a single month of growth, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). The June 2015 index level (121.9) was 28.8 percent above the April 2009 low during the most recent recession.

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MIQ Supply Chain Alert

Explosion Rocks Port City Of Tianjin

A large explosion took place at 11:30 p.m. local time in the port city of Tianjin, located in Northern China. According to state-run Xinhua news, the explosion originated in a container warehouse that was storing “dangerous goods” in the Binhai District of Tianjin. Reports from Xinhau news have indicated that the initial explosion led to further damage to nearby companies.

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Imports Up As Retailers Look Toward Holiday Season

Logistics Management

Import cargo volume at the nation’s major retail container ports is expected to increase 3.6 percent this month over the same time last year as retailers begin to bring in merchandise for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Imports for the year are expected to be up 4.2 percent over 2014.

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U.S. Unemployment Situation

Bureau of Labor Statistics

Total nonfarm payroll employment increased by 215,000 in July, and the unemployment rate was unchanged at 5.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in retail trade, health care, professional and technical services, and financial activities.

In July, both the unemployment rate (5.3 percent) and the number of unemployed persons (8.3 million) were unchanged. Over the year, the unemployment rate and the number of unemployed persons were down by 0.9 percentage point and 1.4 million, respectively.

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Nickelodeon picks MIQ for retail expansion

Logistics Manager

Nickelodeon, the kids’ TV network, has chosen MIQ Logistics to manage its global supply chain including replenishment for its flagship store, and fulfilment of European on-line purchases.

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July 2015 Manufacturing ISM Report on Business

Institute for Supply Management

Economic activity in the manufacturing sector expanded in July for the 31st consecutive month, and the overall economy grew for the 74th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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August 2015 Logistics Link

Read the August Logistics Link for Industry news and MIQ Updates

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Economic Update – July 2015

“The upward trend in the US LEI seems to be gaining more momentum with another large increase in June pointing to continued strength in the economic outlook for the remainder of the year,” said Ataman Ozyildirim, Director, Business Cycles and Growth Research, at The Conference Board. “Housing permits and the interest rate spread drove the latest gain in the LEI, while labor market indicators such as average workweek and initial claims remained unchanged.”

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