The Fixing America’s Surface Transportation Act (FAST Act, Pub. L. 114-94) amended section 13031 of the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 (19 U.S.C. 58c) by requiring certain customs COBRA user fees and corresponding limitations to be adjusted by the Secretary of the Treasury (“Secretary”) to reflect certain increases in inflation.
News
“The US LEI increased sharply in October, as the impact of the hurricanes dissipated,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The growth of the LEI, coupled with widespread strengths among its components, suggests that solid growth in the US economy will continue through the holiday season and into the new year.”
Source: The Conference Board
Company doubles down on global logistics, selling its North America domestic transportation business unit to invest more in its worldwide operations
OVERLAND PARK, Kan., November 27, 2017 – MIQ Logistics plans to enhance its global logistics operations after the sale of its North America domestic transportation business unit. The company will use the proceeds to improve end-to-end logistics capabilities, expand its global footprint, enrich its global service portfolio and continue to invest in leading technology — all to serve the surging global demands of customers.
AFTER THE SALE OF ITS NORTH AMERICA DOMESTIC TRANSPORTATION BUSINESS UNIT, MIQ PLANS TO INVEST MORE WORLDWIDE AS CUSTOMERS’ DEMAND FOR INTERNATIONAL SERVICES SURGES
OVERLAND PARK, Kan., November 16, 2017 – MIQ Logistics has named Chris Capodanno to the newly-created position of Vice President, Global Business Development. He will lead the company’s global sales strategy and initiatives, with oversight of all global business development activities around the world.
Source: National Retail Federation
After months of record-setting volume as retailers stocked up for a busy holiday season, imports at the nation’s major container ports should be essentially flat this month compared with the same time last year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
The United States International Trade Commission (USITC) on October 31 announced the remedy recommendations that it will forward to the President in its global safeguard investigation regarding imports of crystalline silicon photovoltaic cells (whether or not partially or fully assembled into other products).
Source: Bureau of Labor Statistics
Total nonfarm payroll employment rose by 261,000 in October, and the unemployment rate edged down to 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment in food services and drinking places increased sharply, mostly offsetting a decline in September that largely reflected the impact of Hurricanes Irma and Harvey. In October, job gains also occurred in professional and business services, manufacturing, and health care.
Source: Institute for Supply Management
Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 101st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
“The US LEI declined slightly in September for the first time in the last twelve months, partly a result of the temporary impact of the recent hurricanes,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The source of weakness was concentrated in labor markets and residential construction, while the majority of the LEI components continued to contribute positively. Despite September’s decline, the trend in the US LEI remains consistent with continuing solid growth in the US economy for the second half of the year.” – The Conference Board
OVERLAND PARK, Kan., October 18, 2017 – Juan Alonso Checa was recently named managing director in Latin America for MIQ Logistics. Checa, based in Lima, Peru is responsible for operations, sales and the organization’s overall development in Latin America.
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