A company official made the disclosure at a meeting Tuesday with the Maryland Port Administration and business leaders.
Under Armour is headquartered in Baltimore.
The development is another example of shippers taking a second look at their supply networks in the aftermath of the labor strife at West Coast ports that caused massive cargo backlogs and permanently shifting deliveries to East Coast ports.
During Under Armour’s April 21 earnings call, Brad Dickerson, the company’s chief operating office and chief financial officer, said the port congestion and bad weather dinged overall net revenues by 1 to 2 percent in the previous quarter. Gross margins were trimmed by 0.6 percent because of airfreight costs the company incurred to avoid the congestion and get merchandise to stores.
Under Armour is planning for higher airfreight expenses in the second quarter as well, while the Port of Long Beach and other ports look to improve operational efficiency.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now