Weekly Update: Week 39: September 19th-23rd
September 22, 2022
Last week we announced a strategic FX partnership with Koverly to offer guaranteed best in market, no fee, foreign exchange rates. We are pleased that a number of our customers have already taken advantage of this new service.
For those of you interested in learning more, we will be holding a webinar on Wednesday, Sept. 28th at 2 PM EDT. If you are interested, please register for the webinar by emailing email@example.com. Places are limited, however a recording of the webinar will also be made available on our website.
Italian Strike and Delays: Port terminal labor unions at Livorno port are striking this week (September 15th through September 22nd) after negotiations broke down. This is a limited strike of 2 hours at the end of each work shift.
We expect additional gate congestion and operational slowdowns for containers at the terminals.
NY Port Update: PNCT is now down to a 1-2 week delay, a week less than the prior worst-case scenario. APM is now up to a week. Some New York metro 3PLs are now reporting up to 4 week delays, however FDL & Gordon’s continue to weather the storm with little impact to Elenteny’s operations.