Restaurant Supply Product Pathway Summary: The ILA and USMX have reached a tentative agreement on a new six-year ILA- USMX Master Contract
Manufacturing
Ground Logistics
Ocean Logistics
Raw Material Availability
Port Worker Strikes
Amazon Strikes
Cost
Armed Conflict
Diesel Fuel Cost
Tariffs
Adverse Weather
Warehouse Inventory
The International Longshoremen's Association (ILA) and The United States Maritime Alliance (USMX) reached a tentative deal - subject to union member review and ratification - that will avert a strike at East and Gulf Coast ports scheduled for January 15. Container ship berths appear tighter than normal at the start of 2025 and Freight of All Kind (FAK, general freight rates) increased several hundred dollars in late December. Spot container rates from Asia to the US West Coast rose 8% as December ended. Additional factors driving rate increases include carriers frontloading ahead of Lunar New Year, strike and tariff disruptions. FreightWaves, Freightos
Reduced crude oil prices and increased production are key factors contributing to the lower forecasted prices for diesel fuel in Canada and the US through the course of 2025. Signaling holiday season system desynchronization, wholesale inventories decreased 0.2% to $902 billion late in Q4 as retail inventories increased by 0.3% to $828 billion in the same period, according to advance data from the Census Bureau. Wholesale inventories rose 0.9% from a year earlier, while retail inventories soared by 7.2% year over year.
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Q1 2025 Market Update
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