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FEBRUARY 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – March 2, 2020 Release

Economic activity in the manufacturing sector grew in February, and the overall economy grew for the 130th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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U.S. TERMINAL UPDATES

Terminals in the U.S. are canceling work shifts due to the low cargo volumes caused by the coronavirus (COVID-19).  There are 111 void sailings from the transpacific carriers between February – April, which includes 63 sailings during the normal factory closures over the Lunar New Year and 43 sailings due to the disruptions caused by the coronavirus.  The American Association of Port Authorities says year-over-year cargo volumes in the first quarter could be down by at least 20%.

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FEBRUARY 2020 LOGISTICS LINK

During the month of February, 2020, Noatum Logistics (formerly MIQ Logistics) was involved in a number of events throughout the logistics industry.  Read about industry updates, regulatory updates, announcements, and careers at Noatum Logistics USA in the February 2020 logistics link.

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CHINA TARIFFS: FEBRUARY EXCLUSIONS TO LISTS 1, 2 AND 3

The United States Trade Representative (USTR) office released four new lists of product exclusions to the Section 301 List 1-3 products currently subject to a 25% tariff.

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CN RAIL BLOCKADES CAUSING NETWORK SHUTDOWNS

CN mainlines are being physically blocked by groups who are opposed to the completion of a natural gas pipeline in Northern British Columbia.  The blockades have caused shutdowns at Tyendinaga, ON, since February 6; New Hazelton, BC, since February 8; and Headingly, MB, since February 12.  Read the full CN press release.  For additional background information, please refer to the BBC article here: https://www.bbc.com/news/world-us-canada-51452217.

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CORONAVIRUS UPDATE #4

Factories in China have begun to reopen but, because regional travel restrictions are still in place, some employees will not be able to return to work immediately. This is especially true for migrant workers from Hubei where most of the coronavirus (n-CoV) infections have been reported.

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FEBRUARY RETAIL IMPORTS TO SEE LARGER DROP AMID CORONAVIRUS

Source:  National Retail Federation Press Release – February 10, 2020

With coronavirus causing longer Lunar New Year shutdowns of factories in China, imports at major U.S. retail container ports are expected to see a sharper-than-usual drop this month, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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JANUARY 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – February 3, 2020 Release

Economic activity in the manufacturing sector grew in January, and the overall economy grew for the 129th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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CORONAVIRUS UPDATE #3

As the coronavirus outbreak persists, our thoughts are with our customers, colleagues and their families across the world.  On February 4, 2020, the WHO (World Health Organization) officials advised that the coronavirus outbreak is not a pandemic and added that they are hopeful the transmission of the virus can be contained.  Additional regions have extended the Chinese New Year holiday through February 9. 

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CHINA TARIFFS: ADDITIONAL LIST 3 EXCLUSIONS ANNOUNCED

On Wednesday, February 5, 2020, the United States Trade Representative (USTR) office released a new list of product exclusions to the Section 301 List 3 products currently subject to a 25% tariff in the  Federal Register Notice 85 FR 6674.

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