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July 2013 Industry News

Institute for Supply Management (ISM) Manufacturing Report on Business:

Economic activity in the manufacturing sector bounced back in June.

  • 50 represents the dividing line between expansion and contraction for the index of the below chart; which covers the Purchasing Managers Index (PMI) and new orders.
  • The PMI reading increased to 50.9 in June, from a low in May of 49.0; this is back above the expansion level.
  • New Orders decreased in June by 3.1% to reach 51.9 on the index.

 US Economic Chart July 2013

 Expanding Manufacturing Industries

  1. Furniture & Related Products
  2. Apparel, Leather & Allied Products
  3. Paper Products
  4. Electrical Equipment Appliances & Components
  5. Petroleum & Coal Products
  6. Wood Products
  7. Food, Beverage & Tobacco Products
  8. Primary Metals
  9. Fabricated Metal Products
  10. Plastics & Rubber Products
  11. Machinery
  12. Nonmetallic Mineral Products

Contracting Manufacturing Industries

  1. Textile Mills
  2. Transportation Equipment
  3. Chemical Products
  4. Computer & Electronic Products

Transportation Market Update

June 2013 Manufacturing ISM Data

American Trucking Association:

“After bouncing around in a fairly tight band during the previous three months, tonnage skyrocketed in May,” ATA Chief Economist Bob Costello said. Some of the increase is attributable to factory output rising in May for the first time since February (+0.2%) and retail sales performing stronger than expected in May (+0.6%). Costello added, “The 6.8% surge in new housing starts during May obviously pushed tonnage up as home construction generates a significant amount of truck tonnage.”

June Monthly Truckload Indexes

U.S. Import Container Forecast:

Latest Report from Global Port Tracker shows a 1.2% YOY gain for the first six months of 2013:

  • May which was the last month for which Global Port Tracker has confirmed data; shows that 1.38 million TEU were imported into the U.S.  This figure is up 1.2% month-over-month increase, and a 0.6% YOY increase.
  • June is now forecasted to come in at 1.37 million TEU, which would be a 0.7% decrease YOY.
  • “With the economy recovering slowly, retailers have been cautious with imports this summer but it’s clear that they expect an upturn later in the year,” – Jonathan Gold (NRF Vice President for Supply Chain and Customs Policy”.

Global Market Update

Carriers announced Peak Season Levls for Aug 1st for Transpacific Eastbound Lanes. The majority of carriers have announced the following:

Peak Season Surcharge 
TPEB 20′ 40′ 40′ HC 45′
ALL $320.00 $400.00 $450.00 $506.00
3Q13 BAF Levls
20′ 40′ 40′ HC 45′
West Coast Ports $422 $527 $593 $667
Long-Haul IPI $713 $891 $1,002 $1,128
East Coast Ports $784 $980 $1,103 $1,241

SOURCES

Domestic & Global Economy

Truckload Capacity & Volumes:

  Global Market Update: