\
Skip to content
flexport
 Flexport announces planned acquisition of Shopify Logistics, including Deliverr, to expand its services into last mile and eCommerce fulfillment. Learn more here.
  • English
  • Deutsch
  • 简体中文
Flexport
Snapshots GettyImages 1600x800

April 24, 2023

Supply Chain Snapshots - News of the Week (April 24, 2023)

brand-mike
\

Monday, April 24, 2023

brand-mike

1. ILWU, PMA Reach Tentative Deal on ‘Certain Key Issues’

(Read more at Supply Chain Dive)

The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) have reached a tentative agreement on “certain key issues,” though ILWU did not specify which issues. This is the first publicly announced deal since July, when a tentative agreement was reached regarding the maintenance of health benefits. Several key issues remain unresolved, with the ILWU reiterating that talks are ongoing.

2. Air Cargo Operators Still Feel ‘Hangover From the 2021 Party’

(Read more at FreightWaves)

With so many conflicting economic signals and other variables impacting supply and demand, industry professionals are hard-pressed to say whether things have normalized or if they will improve later this year. New data shows air shipping volumes and rates deteriorated faster in the first half of April than in recent weeks, which may upset the narrative that the market has finally stabilized and will slowly gather steam heading towards the fall. Michigan State University’s Jason Miller isn’t optimistic because companies are still over-inventoried and cautions that “2023 is the hangover from the 2021 party.”

3. Toronto Airport Gold Heist: Police Say C$20m of Valuables Stolen

(Read more on BBC)

Police are investigating a massive heist of gold from a storage facility adjacent to Toronto Pearson International Airport. The theft took place on Monday, April 17 from a cargo holding facility adjacent to the airport grounds. As the investigation is ongoing, police are only releasing preliminary information at this time, like the total haul being worth an estimated C$20 million, making this one of the biggest heists in Canadian history.

4. US Import Gain Means Flexport Sees No Recession for Some Months

(Read more on Bloomberg)

The latest forecasts released by Flexport Research show a steady increase in consumption, among other signs that recession isn’t as imminent as previously thought. “A recession may well be on the way, but from the latest data, we’re not seeing it arriving in the next few months,” said Phil Levy, Flexport chief economist. At the same time, the U.S. domestic trucking industry showed the largest decline in tonnage hauled since the beginning of the pandemic, as the truck tonnage index fell 5.4% in March over February.

5. [Podcast] What Are Responsible Supply Chains and What Role Does Trust, Transparency and Technology Play in Achieving Them?

(Listen to Zero100’s “Radical Reinvention” Podcast on Apple Podcasts or Spotify)

In this latest episode of Zero100’s “Radical Reinvention” podcast, Zero100 Co-Founder Kevin O'Marah is joined by: Dave Clark, CEO of Flexport, Anne-Laure Descours, Chief Sourcing Officer at PUMA, and Reginaldo Ecclissato, Chief Business Operations and Supply Chain Officer at Unilever. The discussion is a deep dive into responsible supply chains and the role that trust, transparency and technology play in achieving them—as Dave says, “I don't think you can be in the supply chain anymore without waking up and thinking about your impact on people and the planet.”

About the Author

brand-mike
Freight Market Update

Sign Up for Freight Market Updates

Why search for updates when we can send them to you?

*Required field

Related Content

BLOG

Fueling Maritime Decarbonization through Marine Biofuels

Read More

BLOG

Supply Chain Snapshots - News of the Week (April 17, 2023)

Read More

BLOG

What You Need to Know About Fixed Fee Business Loans and Their Hidden Costs

Read More

Share the Article

About this author

More From Flexport

Blog

Highlights from Smart Freight Week 2023

Read More

Flexport.org is organizing shipments of relief goods to Ukrainian refugee sites across Eastern Europe including Poland, Romania, Hungary, Slovakia and Moldova. Please join us by donating to the Flexport.org Fund and help us send as many supplies as we can from around the world to the Ukrainian people.

Blog

Ukraine Refugee Crisis - How You Can Help

Read More

Blog

Flexport.org: Reach your sustainability goals and use your supply chain for positive impact

Read More