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News

NRF Monthly Import Cargo Volume

Monthly Imports Reach 2 Million Containers for First Time as Retailers Continue Rush to Beat Tariffs

Source: National Retail Federation

Imports at the nation’s major retail container ports have set another new record, reaching 2 million containers in a single month for the first time as retailers continued to bring merchandise into the country ahead of a now-postponed increase in tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“President Trump has declared a temporary truce in the trade war, but these imports came in before that announcement was made,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We hope that the temporary stand-down becomes permanent, but in the meantime there has been a rush to bring merchandise in before existing tariffs go up or new ones can be imposed. China’s abuses of trade policy need to be addressed, but tariffs that drive up prices for American families and costs for U.S. businesses are not the answer.”

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NOVEMBER 2018 MANUFACTURING ISM® REPORT

November 2018 Manufacturing ISM® Report On Business®

Source: Institute for Supply Management – December 3, 2018

Economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 115th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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China Tariffs: U.S. Agrees to Freeze Tariffs on List 3 Products

On Saturday, December 1, 2018, the President of the United States agreed to suspend the increase in tariffs scheduled for January 1, 2019. The White House issued a statement, which included the following: “… President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10% rate, and not raise it to 25% at this time.”

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November 2018 Logistics Link

During the month of November 2018, MIQ Logistics was involved in a number of events throughout the logistics industry. Read educational opportunities, regulatory updates, industry updates, services offered by MIQ, and events that will be taking place in the November 2018 logistics link.

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2018 GRI PSS LSF Rates

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

The following are the announced levels for upcoming General Rate Increases (GRI) and Peak Season Surcharges (PSS) from carriers.

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Tariffs … How Policy Changes will Impact your Family Entertainment Center (FEC) – MIQ/Redemption Plus Podcast

Trade wars and tariffs continue to be a topic of interest across all segments of our economy. As experts in global trade management and compliance, the MIQ Logistics team of experts is often asked to share their knowledge and participate in trade shows, educational events, news stories, and training.

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BNSF Train Derailments and Wildfires Cause Delays at Los Angeles / Long Beach for IPI Routings

On November 08, 2018, a second BNSF train derailed on the San Bernardino subdivision between Prado Dam and Esperanza, CA, impacting BNSF main line tracks. The first main track was opened on November 08, 2018, at 7:20 a.m. CST, and the second main track was opened on November 08, 2018, at 12:30 p.m. CST.

The derailments added to the congestion the market has already been experiencing due to increased volumes. BNSF implemented the following restrictions as part of the recovery effort:

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NRF 2018 Import Cargo Volume Graph

Retail Imports Slow Down from Peak but Remain Strong Ahead of Tariff Increase

Source: National Retail Federation

Imports at the nation’s major retail container ports have slowed down from their pre-holiday peak but remain at unusually high levels as retailers continue bringing in merchandise before tariffs increase in January, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Imports have usually dropped off significantly by this time of year but we’re still seeing numbers that could have set records in the past,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Part of this is driven by consumer demand in the strong economy but retailers also know that tariffs on the latest round of goods are set to more than double in just a few weeks. If there are shipments that can be moved up, it makes sense to do that before the price goes up.”

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October 2018 Manufacturing ISM

October 2018 Manufacturing ISM® Report On Business®

Source: Institute for Supply Management – November 1, 2018

Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 114th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Numerous Goods Removed from GSP Eligibility

On Tuesday, October 30, 2018, a Presidential Proclamation was made that modifies the list of products eligible for duty-free treatment under the Generalized System of Preferences (GSP).  These changes impact goods entered or withdrawn from warehouse for consumption on or after 12:01 a.m. EDT on November 1, 2018.

The following HTSUS numbers have been removed from GSP eligibility for preferential treatment duty when imported from the countries indicated:

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