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News

U.S.-NAFTA Freight Movement Has Biggest Gain In June

“U.S.-NAFTA freight totaled $103.0 billion in June 2014 as all five major transportation modes – air, vessel, pipeline, rail, and trucks – carried more freight by value in June 2014 than in June 2013, according to the TransBorder Freight Data released today by the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS).”

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August 2014 Logistics Link

Welcome to the August 2014 Logistics Link, the MIQ Logistics monthly newsletter

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ILWU and PMA Reached Tentative Agreement on Health Benefits

The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) announced Tuesday that they have reached a tentative agreement on terms for health benefits, subject to agreement on the other issues in the negotiations. The parties have agreed not to discuss the terms of this tentative agreement as negotiations continue.

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U.S. Economic Summary – August 2014

“Consumer confidence increased for the fourth consecutive month as improving business conditions and robust job growth helped boost consumers’ spirits. Looking ahead, consumers were marginally less optimistic about the short-term outlook compared to July, primarily due to concerns about their earnings. Overall, however, they remain quite positive about the short-term outlooks for the economy and labor market.” – The Conference Board

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Transpacific Eastbound General Rate Increase (GRI) and Bunker Fuel Adjustments

The announced levels for the next Transpacific Eastbound General Rate Increase (GRI) and Bunker Fuel Adjustments from the carriers are listed below.

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Truckers go on strike at China’s Ningbo Port, disrupt freight (Reuters)

Thousands of truck drivers went on strike over salary and haulage rates in the eastern Chinese port of Ningbo this week, and a logistics firm said on Friday the industrial action was disrupting operations at the world’s sixth busiest port.

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Airlines on Alert as Iceland Volcano Threatens Eruption

Per Bloomberg News, airlines are on alert as one of Iceland’s biggest volcanoes rumbles to life, threatening ash clouds that could force flight cancellations across the North Atlantic, the busiest international travel market.

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The ATA Truck Tonnage Index Increased 1.3% In July

“American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index rose 1.3% in July, following a decrease of 0.8% the previous month. In July, the index equaled 130.2 (2000=100) versus 128.6 in June.  The index is off just 0.6% from the all-time high in November 2013 (131.0).”

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US CBP Announces C-TPAT Export Component

U.S. Customs and Border Protection (CBP) recently published the eligibility requirements and the security criteria for exporters to participate in the Customs-Trade Partnership Against Terrorism (C-TPAT).

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June 2014 Freight Transportation Services Index (TSI)

“The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, declined 0.9 percent in June from May, falling after four consecutive monthly increases, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). The June 2014 index level (119.1) was 25.9 percent above the April 2009 low during the most recent recession.”

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