American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index slipped 0.1% in February, following a 2.9% increase during January. (January’s index was unchanged from our press release on February 21, 2017.) In February, the index equaled 138.7 (2000=100), down from 138.9 in January. The all-time high was 142.7 in February 2016.
Starting May 27, 2017, the FDA will begin implementing the FDA’s Food Supplier Verification Program (FSVP).
What is FSVP?
A central feature of the Food Safety Modernization Act (FSMA), the FSVP is intended to be a flexible, risk-based program to verify foreign suppliers and the safety of the food they produce. FSVP will require:
Both the Shipments and Expenditures Indexes have been positive for two months in a row. Throughout the U.S. economy, there is a growing number of data points suggesting that the economy is getting better. Some data points are simply less bad, but an increasing number of them are better, and even a few are becoming outright strong. The 1.9% YoY increase in the February Cass Shipments Index is yet another data point which strongly suggests that the first positive indication in October may have indeed been a change in trend. In fact, it now looks as if the October Cass Shipments Index, which broke a string of 20 months in negative territory, was one of the first indications that a recovery in freight had begun in earnest.
MIQ Logistics is now providing air freight consolidation service from Hong Kong (HKG) and Shanghai (PVG) to Chicago (ORD).
MIQ Logistics consolidation services are chosen through blocked space agreements (BSA) through premium commercial and freighter airline direct flights. Many of the blocked space agreements are with freighter cargo carriers, which helps eliminate commercial aircraft restrictions that occur.
MIQ Logistics is pleased to announce the opening of its new, enhanced global logistics facility in Atlanta, located at 2077 Convention Center Concourse, Suite# 200, College Park, GA 30337. Our Atlanta facility will be located within the new Gateway Center development mixed-used space.
Beginning Monday night and running through Tuesday, a major nor’easter is forecasted to impact several states in the northeastern U.S. Blizzard conditions are expected to bring heavy snow and strong winds affecting many areas including, Pennsylvania, Washington D.C., New York, New Jersey, and most of New England. According to the National Weather Service, “The heaviest snowfall is expected to occur from the northern Middle Atlantic to Southern New England where 12 to 18 inches can be expected with localized amounts up to 2 feet. Strong winds could down trees and cause power outages”.
“After six consecutive monthly gains, the U.S. Leading Economic Indicators index (LEI) is at its highest level in over a decade. Widespread gains across a majority of the leading indicators points to an improving economic outlook for 2017, although GDP growth is likely to remain moderate,” said AtamanOzyildirim, Director of Business Cycles and Growth Research at The Conference Board. “Only housing permits contributed negatively to the LEI in February, reversing gains over the previous two months.” – The Conference Board
Household Survey Data
The number of unemployed persons, at 7.5 million, changed little in February. The unemployment rate, at 4.7 percent, was little changed over the month but was down from 4.9 percent a year earlier.
Imports at the nation’s major retail container ports should see double-digit year-over-year increases for the next two months as a growing economy increases the demand for affordable merchandise, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Economic activity in the manufacturing sector expanded in February, and the overall economy grew for the 93rd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.