APRIL 2018
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Andrea Ball, 
Executive Director andrea@cantube.org

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We look forward to seeing you in Philadelphia soon.  If you haven't registered for the 2018 CCTI Annual Meeting and would like to attend, please call the office today and we will help you finalize your plans!  In the meantime, please read the following information carefully, as it has news you can use for your visit to Philadelphia.  There are t wo important things to note for the upcoming meeting...

The Union League Club has a dress code, so please review it below as a jacket is required for the common areas.

If you have not registered for PackExpo using the CCTI Complimentary Code and you would like to do so, please do it prior to arrival in PA.  Additionally, if you would like to bring brochures for your company to display in the CCTI booth, please bring at least 50 to the meeting or mail them to the CCTI Office, in advance.  The address is 1750 K Street, Ste. 700 Washington, DC 20006.  Please make sure they arrive prior to April 13th.

In the meantime, if you have questions, please reach out to us and we will be happy to help you!

Andrea Ball
CCTI Executive Director

CCTI Annual Meeting
DATE:   April 16-18, 2018

If you have questions, please contact the CCTI office at 703-823-7234 or info@cantube.org.

Jim Ward, President and CEO 
DM Bowman Trucking

Jim has held many positions within D. M. Bowman, Inc. including VP of Quality, Director of Human Resources and Safety 
Manager before being promoted to President & CEO. He has more than 25 years of experience in the transportation industry with various management positions including Managing Director, Transportation Industry Division for Willis, MD, Division Safety Representative, Locomotive Engineer and Trainman for CSX Corporation. 

He is a native of Maryland and attended Hagerstown Community College and Frostburg State College. He has been active in industry associations and currently serves as American Trucking Association, Vice President, on the Board of Directors for the Truckload Carriers Association, and is a member of the Executive Committee of the Maryland Motor Truck Association.
Tom Hudgin, President 
Wilmington Quality Associates

Inspired, driven and talented employees - it's every company's most important asset. Top-performing employees will help your company survive the toughest economy. It is critical to ensure that you are taking the proper steps to hire the right people, train them the right way and strive to retain them for the short and long term.  We will explore ideas like creating partnerships with trade schools and colleges to tailor programs to fit your needs. Creating a work environment that fosters self-motivation and examine the thought processes and emotions of key performers who stay versus those who move on to what they see as "greener pastures". 

After working 30 years in the pharmaceutical industry and being a co-founder of Glaxo, now known as GlaxoSmithKline, Tom Hudgin retired in 1991 and formed his own company, Wilmington Quality Associates. With Bachelor's Degrees in chemistry and mathematics from Muskingum University and an MBA in marketing from Xavier University, Tom specializes in successful business management implementation. His focus is helping companies improve competitive performance by teaching effective leadership skills, improving company image, developing highly motivated employees and creating delighted customers. Tom has written several nationally published novels. Thomas Hudgin is a licensed pilot, a retired Commander in the US Navy, an accomplished recorder player, and has sailed a 38-foot ketch across the Atlantic to Europe. And just to keep him off the streets, he currently lives on a farm in eastern Tennessee where he also raises llamas.
Wayne Valis, President & Founder
Valis Associates

Wayne Valis has an unsurpassed knowledge of the inner workings of the White House and U.S. Executive Branch. Prior to founding Valis Associates in 1983, Valis personally served three U.S. Presidents: Nixon, Ford, and Reagan. From 1981-83, he served as Special Assistant to President Reagan for liaison with business, working on the Economic Recovery Program. As President Reagan's coalition builder with the business community, he worked with over 1,000 trade associations, corporations, companies, and public interest groups. His special assignments included the landmark budget and tax legislation of 1981 and 1982, AWACS, and other issues. In addition, he assisted then-Vice President George Bush on regulatory reform issues. From 1973-74, Valis was Staff Assistant to President Nixon, working first on the Domestic Policy Council and later with the Watergate defense team. From 1974-77, he was Director of Planning and Research, Office of Public Liaison, for President Ford. During 1972-73, and from 1977-81, Valis served at the American Enterprise Institute, a non-partisan, public policy research center. 

Additionally, Valis has written numerous articles and reviews as well as two books, The Future under President Reagan and The Lincoln Magna Carta: an Icon of Freedom for the Twenty First Century. He is also listed in Who's Who in American Politics. He earned his bachelor's degree in political science from Rutgers University. He is married to Angela, father of Maura and has three grandchildren.


CCTI is  working with our partners at the National Association of Manufacturers to compile feedback from all  m anufacturers to help the public, lawmakers and the media understand what tax reform means for manufacturers, employees and the communities where we work.  All information will remain confidential, please click to participate in NAM's brief questionnaire.

April Economic Report on Manufacturing

According to the latest revision from the Bureau of Economic Analysis, the U.S. economy grew 2.9 percent at the annual rate in the fourth quarter of 2017, up from the previous estimate of 2.5 percent and better than the consensus estimate of around 2.7 percent. The upward revision mainly reflected improvements in service-sector and inventory spending, even as the latter continued to be a significant drag on top-line growth. Overall, the modest growth in real GDP in the fourth quarter reflected strength in consumer, business and government spending, with net exports and inventories providing headwinds. For the year, the U.S. economy expanded 2.3 percent in 2017, but the forecast for 2018 is for growth of 3 percent. The recently enacted tax cuts should provide a sizable boost to growth, especially in terms of increased investments, and improvements in the global economy will continue to buoy activity.

With that said, manufacturing activity softened somewhat in the Dallas and Richmond Federal Reserve Bank districts, even as they continued to reflect strong growth and a promising outlook for the next six months. The headline index in Texas was the best since December 2005, so some pullback might have been expected given the elevated reading in the prior survey. Both regional reports cited accelerating pricing pressures for raw materials, with input costs rising at multiyear highs in the March data. Along those lines, respondents to the Richmond Federal Reserve's survey noted faster wage growth, with ongoing challenges with the availability of workers reflecting the current tightness of the labor market. With that said, the personal consumption expenditure deflator suggests that inflationary pressures remain quite modest, up 0.2 percent in February or 1.8 percent over the past 12 months.

On the consumer front, Americans remain very upbeat about the economy. The University of Michigan and Thomson Reuters reported that consumer sentiment rose strongly in March, up to the highest level since January 2004. Moreover, respondents felt more positive about current economic conditions, with that measure soaring to a new all-time high.

In the competing release from the Conference Board, the Consumer Confidence index pulled back slightly in March after reaching an 18-month high in February, but Americans continued to be upbeat in their outlook, especially about the job market. The percentage of respondents feeling jobs were "plentiful" increased from 39.1 percent to 39.9 percent, with those saying jobs were "hard to get" inching down from 15.1 percent to 14.9 percent. At the same time, the percentage of respondents saying business conditions were "good" increased from 36.5 percent to 37.9 percent, with those suggesting that conditions were "bad" also rising, up from 11.3 percent to 13.4 percent.

The better assessment about the economy has lifted consumer spending. Personal spending has risen 4.6 percent year-over-year, with consumers continuing to be one of the bright spots in the economy. In addition, personal income increased 0.4 percent for the third straight month in February. Over the past 12 months, personal incomes have risen 3.7 percent in February. Even with some easing in the year-over-year rate over the past few months, income growth remains quite healthy. For manufacturers, total wages and salaries rose to $869.9 billion in February. That translated into a solid 4.6 percent increase in manufacturing wages and salaries year-over-year, up from $831.8 billion in February 2017.

This week, there will be more evidence of healthy growth in the manufacturing sector. The NAM will release the latest results of its Manufacturers' Outlook Survey. In December, 94.6 percent of respondents felt positive about their own company's outlook-a new all-time high in the survey's 20-year history-with strong growth in sales, employment and capital spending. Much of that optimism was spurred by positive assessments about the impact of tax reform, which passed after the release of the previous survey, and it will be interesting to see how this impacts activity moving forward. At the same time, the Institute for Supply Management's Manufacturing Purchasing Managers' Index has also reflected robust growth in demand, output and hiring, and it is expected that the March data will continue that trend.

I would expect continued healthy growth in employment for the sector over the coming months, with the unemployment rate falling to 3.8 percent by year's end. t

Courtesy: NAM Chief Economist, Chad Moutray


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