“Despite The U.S. LEI increased sharply in February, suggesting that any weather-related volatility will be short lived and the economy should continue to improve into the second half of the year,” said Ataman Ozyildirim, Economist at The Conference Board. “The strengths and weaknesses in the LEI were balanced in February, with large increases in housing permits and the interest rate spread more than offsetting decreases in the workweek in manufacturing, consumer expectations and rising initial claims for unemployment insurance.”
Source : Exim News Service – MUMBAI
MIQ Logistics, a leading provider of global logistics,transportation and distribution services, recently showed its expertise by handling a difficult project cargo at Mumbai Port and facilitating its delivery ahead of time to Italy. The shipment, a single piece generator weighing 66 tonnes, along with accessories, had been lying at Mumbai Port since a month as shipping lines were refusing to load it because it did not have secure points. The generator had to be urgently delivered by March-end to the consignee in Italy for installation at a newly-established factory. Any delay would have led to a huge penalty being charged.
Our region is increasingly well-positioned to take advantage of a growing sector.
Overland Park, KS, February 25, 2014 – The membership of the Los Angeles Customs Brokers and Freight Forwarders Association (LACBFFA) elected Mark Hirzel its president for 2014. Hirzel is director, Global Trade Management for MIQ Logistics. The LACBFFA is the premier organization in Southern California for international trade and United States Customs issues. Its membership includes more than 300 companies comprised of U.S. Customs brokers, freight forwarders, non-vessel operation common carriers (NVOCCs) and firms which facilitate international trade.
June 30, 2014 will mark the end of the current International Longshore Workers Union (ILWU) contract. The ILWU manages the labor for all Longshore work done on the west coast of the United States from Seattle to San Diego and Vessel Pilots in the Panama Canal.
“Despite month-to-month volatility in the final quarter of 2013, the U.S. LEI continues to point to gradually strengthening economic conditions through early 2014,” said Ataman Ozyildirim, Economist at The Conference Board. “The LEI was lifted by its financial components in December, but consumer expectations for business conditions and residential construction continue to pose risks.”