News

Gears

Tariffs on Steel and Aluminum Effective 03/23/18

The President announced today that he concurred with the Commerce Department’s findings in its Section 232 investigations that imports of steel and aluminum impair national security. Pursuant to the recommendations contained in the Commerce Department’s Report, the President ordered a 25 percent ad valorem tariff on steel articles and a 10 percent ad valorem tariff on aluminum articles, as defined below, imported from all countries except Canada and Mexico.  These additional duties will be effective with respect to goods entered, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on March 23, 2018.

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Employee Spotlight

Amy Franklin MIQ

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MIQ Logistics Peru Receives Certification By ICMC

On February 28th, the International Cyanide Management Institute announced that MIQ Logistics Peru International Supply Chain has been certified to be in full compliance with the International Cyanide Management Code (Cyanide Code).

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International Trade Policy

The Scope of the New Tariffs on Steel and Aluminum Products

This is a follow-up to our February 22, 2018 Supply Chain Alert regarding the Commerce Department report on the results of the Section 232 investigation concerning the effects of imports of steel and aluminum on national security. The President is required to make a decision on the steel recommendations by April 11, 2018, and on the aluminum recommendations by April 19, 2018.

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February 2018 Manufacturing ISM Report On Business

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in February, and the overall economy grew for the 106th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Transpacific Eastbound General Rate Increase (GRI) and Peak Season Surcharge (PSS)

The following announced levels from carriers are for upcoming General Rate Increases (GRI) and Peak Season Surcharge (PSS). Additionally, you will find Bunker Fuel Level updates as well as the Low Sulphur Levels for the 1st quarter of 2018.

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Gears

Administration To Make Decision Soon On Steel and Aluminum Tariffs

The Commerce Department on February 16, 2018 released the results of the Section 232 investigation on the effects of imports of steel and aluminum on national security.  The President is required to make a decision on the steel recommendations by April 11, 2018, and on the aluminum recommendations by April 19, 2018.

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Regional Delays Occurring Within Intermodal Drayage Market

This is our latest update on the tightening North American intermodal and drayage market. Because of the importance of this situation, MIQ Logistics has created a dedicated page on our website which can be accessed here. This page will contain carrier updates as well as an archive of industry articles pertaining to the ongoing issues and the contributing factors.

 

Regional Updates:

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Only so many hours in the dray

Source: DC Velocity

U.S. intermodal traffic volumes set a record in 2017, and the consensus going into 2018 is for more gains. The global economy ended last year with its best-synchronized recovery since 2010. In the U.S., ocean imports were expected to rise 7 percent over 2016 levels, according to a December survey by the National Retail Federation (NRF) and consultancy Hackett Associates. Meanwhile, already-solid domestic intermodal demand will likely be goosed if qualified over-the-road drivers remain in short supply and if the trucking industry struggles with transitioning to the federal safety mandate requiring that virtually all trucks built after the year 2000 have electronic logging devices (ELDs) onboard.

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Retail Imports Expected to Grow 4.9 Percent in First Half Of 2018 As Consumer Demand Increases

Source: National Retail Federation

Imports at the nation’s major retail container ports are expected to grow a healthy 4.9 percent during the first half of 2018 compared with the same period a year earlier, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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