The Urethane Blog
Everchem Updates
VOLUME XXI
September 14, 2023
Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: — read more
March 31, 2022
22,000 Union Workers At 29 West Coast Ports May Strike
by Tyler DurdenThursday, Mar 31, 2022 – 10:45 AM
By Dees Stribling of Bisnow National
The international supply chain crisis that has impacted U.S. logistics firms, retailers and consumers could intensify this summer.
West Coast union dockworkers may strike if they don’t come to an agreement to replace their existing contract with marine terminals. The contract is set to expire at the end of June.
Major retail chains have already ordered extra goods from Asia as insurance against a breakdown in contract talks, keeping the goods at newly developed storage yards near the twin California ports of Long Beach and Los Angeles. Such lots allow retailers to move containers more quickly, preventing them from being delayed under piles of cargo at congested ports.
Walmart alone has room for 4,000 shipping containers at the ports’ overflow yards, Pacific Terminal Services Vice President of Commercial Operations Sepehr Matinifar told The New York Times.
Space constraints in the area led to the rise of the new storage yards. By Q2 2021, industrial vacancy near the ports of Los Angeles and Long Beach was below 1%, according to CBRE.
Even with beefed-up orders kept in storage yards, a slowdown or strike by West Coast dockworkers would compound the pandemic-induced supply chain woes that have seen record backlogs of container ships off the ports of Los Angeles and Long Beach waiting to be unloaded.
The International Longshore and Warehouse Union, which represents nearly 22,000 workers at 29 ports along the West Coast, recently put together its contract negotiating team. Nearly three-quarters of those workers are employed at the ports of Long Beach and Los Angeles, the major nexus for goods shipped from Asia to North America.
In 2014, the last time the union and shipping companies negotiated a contract, a labor slowdown brought activity at Pacific ports nearly to a standstill.
https://www.zerohedge.com/economics/22000-union-workers-29-west-coast-ports-may-strike
March 31, 2022
22,000 Union Workers At 29 West Coast Ports May Strike
by Tyler DurdenThursday, Mar 31, 2022 – 10:45 AM
By Dees Stribling of Bisnow National
The international supply chain crisis that has impacted U.S. logistics firms, retailers and consumers could intensify this summer.
West Coast union dockworkers may strike if they don’t come to an agreement to replace their existing contract with marine terminals. The contract is set to expire at the end of June.
Major retail chains have already ordered extra goods from Asia as insurance against a breakdown in contract talks, keeping the goods at newly developed storage yards near the twin California ports of Long Beach and Los Angeles. Such lots allow retailers to move containers more quickly, preventing them from being delayed under piles of cargo at congested ports.
Walmart alone has room for 4,000 shipping containers at the ports’ overflow yards, Pacific Terminal Services Vice President of Commercial Operations Sepehr Matinifar told The New York Times.
Space constraints in the area led to the rise of the new storage yards. By Q2 2021, industrial vacancy near the ports of Los Angeles and Long Beach was below 1%, according to CBRE.
Even with beefed-up orders kept in storage yards, a slowdown or strike by West Coast dockworkers would compound the pandemic-induced supply chain woes that have seen record backlogs of container ships off the ports of Los Angeles and Long Beach waiting to be unloaded.
The International Longshore and Warehouse Union, which represents nearly 22,000 workers at 29 ports along the West Coast, recently put together its contract negotiating team. Nearly three-quarters of those workers are employed at the ports of Long Beach and Los Angeles, the major nexus for goods shipped from Asia to North America.
In 2014, the last time the union and shipping companies negotiated a contract, a labor slowdown brought activity at Pacific ports nearly to a standstill.
https://www.zerohedge.com/economics/22000-union-workers-29-west-coast-ports-may-strike
March 31, 2022
Chemical grade propylene is now $0.705/lb
March 31, 2022
Chemical grade propylene is now $0.705/lb
March 31, 2022
Tempur Sealy foresees Q1 revenue below consensus
Mar. 31, 2022 7:34 AM ETTempur Sealy International, Inc. (TPX)By: Niloofer Shaikh, SA News Editor5 Comments
- Tempur Sealy International (NYSE:TPX) expects 1Q22 consolidated net sales growth of approximately 15% Y/Y vs. consensus growth of 20.95%.
- Tempur Sealy Chairman and CEO Scott Thompson commented, “We expect that the first quarter of 2022 will be the 10th out of the last 11 quarters that we have delivered double-digit sales growth. However, while we expect double digit sales in the first quarter, recent geopolitical events, falling consumer confidence and new COVID variant outbreaks in our international markets have resulted in sales below our expectations following a strong Presidents’ Day sales period.”
- The company also elected to postpone the launch of the new international line of Tempur products that was planned for 2022 to the first quarter of 2023.
- Q1 results will be out on April 28 before the market opens.
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