Cargoccino" is our bi-monthly newsletter for importers and logistics professionals, delivering bite-sized industry news straight to your inbox. Stay informed while enjoying your favorite drink, with updates every 2nd and 4th Tuesday of the month.
🚢 US Imports Are Set to Rebound
The latest import market data from the US suggests that the country's economy may be recovering from the pandemic recession, with consumer goods demand driving a 19.6% YoY increase in March. Ryan Peterson, CEO of Flexport, a freight forwarding and customs brokerage company, sees this as a positive sign and believes that there's no recession on the horizon for now. However, he cautions that there are several factors that could still disrupt the supply chain, including capacity constraints, high freight rates, and the ongoing global chip shortage. Therefore, it's essential for businesses to remain vigilant and adaptable while navigating the complex and ever-changing global supply chain landscape. By doing so, they can better prepare for any potential disruptions and ensure their operations continue to run smoothly.
⚾ A’s land buy in Las Vegas ends talk of Howard Terminal ballpark in Oakland
The Oakland A's have abandoned their plans for a new baseball stadium at Howard Terminal and are instead focusing on acquiring land in Las Vegas for a potential move. The Howard Terminal project faced opposition and legal challenges from local groups and businesses, who raised concerns about the environmental impact, traffic congestion, and displacement of residents and small businesses in the area. Despite efforts to address these concerns, the A's ultimately decided to shift their focus to a potential move to Las Vegas.
However, the proposed Howard Terminal ballpark was set to be a new, state-of-the-art stadium for the Oakland A's, featuring a waterfront location with views of the San Francisco Bay and mixed-use development around the stadium. The team's decision to pursue land in Las Vegas comes as a disappointment to Oakland officials and fans, who had hoped to keep the team in the city. In the meantime, the A's will continue to play at Oakland Coliseum.
⛵ Smooth Sailing Ahead: ILWU-PMA West Coast Port Talks Moving Forward
Negotiations between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) are making progress for a new agreement on wages, benefits, and working conditions, as well as technological changes in the industry.
These talks are crucial because West Coast ports handle a lot of U.S. trade with Asia. If there are any problems, it could hurt the economy. But, the ILWU and PMA are working to avoid any issues, and the talks are moving forward.
Even though the negotiations are not over yet, it looks like there will not be any big problems.
Source: Transport Topics
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