News

Planning for Success

Multiple variables factor into your current freight costs. If your costs are rising, that is bad news for your bottom line. Every dollar that can be removed from your freight costs translates to an equal improvement in financial – and just as importantly – supply chain performance.

With a little planning, you can cut your freight costs. Freight costs make up a considerable portion of the cost of goods, and any reduction has a direct impact on your bottom line. By planning ahead and being proactive, supply chain decision makers can cut these costs. Please read further for tips to reduce freight costs.

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us import update graph

Retail Imports Growing Despite Threat of Tariffs

Source: National Retail Federation

Imports at the nation’s major retail container ports are expected to grow steadily throughout the summer despite the prospect of heavy tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“With proposed tariffs yet to be officially imposed, retailers are stocking up on merchandise that could soon cost considerably more,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “If tariffs do take effect, there’s no quick or easy way to switch where these products come from. American families will simply be stuck paying higher prices and hundreds of thousands of U.S. jobs could be lost.”

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Iran Sanctions to be Re-Imposed

On May 8, 2018, the President announced his decision to cease the United States’ participation in the Joint Comprehensive Plan of Action (JCPOA), and to begin re-imposing the U.S. nuclear-related sanctions that were lifted to effectuate the JCPOA sanctions relief, following a wind-down period.

Departments and Agencies will begin the process of implementing 90-day and 180-day wind-down periods for activities involving Iran that were consistent with the U.S. sanctions relief specified in the JCPOA. At the end of the 90-day and 180-day wind-down periods, the applicable sanctions will come back into full effect.

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April 2018 Manufacturing ISM Report on Business

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in April, and the overall economy grew for the 108th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Renewal of the Generalized System of Preferences (GSP) and GSP Refund Process

On Friday, March 23, 2018, the President signed into law H.R. 1625 (Public Law 115-141), the “Consolidated Appropriations Act, 2018,” which in addition to providing full-year federal appropriations through September 30, 2018, extended GSP with retroactivity, for goods entered or withdrawn from a warehouse for consumption from January 1, 2018 through December 31, 2020. The new law, effective April 22, 2018, also provided for the retroactive refund of all duties (without interest) to the importer of record (IOR) on GSP-eligible goods entered during the January 1, 2018 through April 21, 2018 lapse period.

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TPEB update

Transpacific General Rate Increases (GRI) and Peak Season Surcharges (PSS)

The following announced levels from carriers are for upcoming General Rate Increases (GRI) and Peak Season Surcharges (PSS).  Additionally, you will find Bunker Fuel Levels as well as the Low Sulphur Levels for the 2nd quarter of 2018.

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Canadian Pacific Railway Limited – Strike Averted

Canadian Pacific Railway Limited (CP) announced that a new labor agreement was reached with both the Teamsters Canada Rail Conference – Train & Engine (TCRC) and the International Brotherhood of Electrical Workers (IBEW), averting the potential work stoppage scheduled for 12:01am EDT April 21. CP’s embargoes for shipments routing to and from CP Canadian locations were canceled and CP immediately executed a safe and structured start-up of its train operations in Canada. The CP Customer Service Team is available to answer questions.

For more information, please contact your local MIQ Logistics representative. 


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Shanghai Port Delays Continue

The Shanghai Maritime Safety Administration has again implemented traffic control measures over the Yangtze River waterway from April 21 through April 23 due to restricted visibility of less than 500 meters. Shanghai arrivals and departures, and sailing schedules will be impacted for the next six days, resulting in a compounding effect on sailing schedules from main ports in China.

For more information, please contact your local MIQ Logistics representative. 


supply chain alert banner 2017

Canadian Pacific Railway Limited – Strike Notice

Canadian Pacific Railway Limited (CP) announced that the Teamsters Canada Rail Conference – Train & Engine (TCRC) and the International Brotherhood of Electrical Workers (IBEW) have delivered a 72-hour notice of their respective plans to strike on April 21, 2018 at 12:01am EDT. The two unions represent over 3,300 engineers, conductors, signal and communication workers.

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Shanghai and Ningbo Port Delays

Dense fog has hampered vessel and port operations for Shanghai and Ningbo ports during the past three weeks, resulting in lengthy vessel delays, significant port congestion, outbound vessels unable to depart, and inbound vessels unable to dock. Operations have been further impacted by the implementation of Shanghai Maritime Safety Administration traffic control measures on the Yangtze River waterway. Average vessel delays of three to four days, up to a week, have been experienced.

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