Global Trade Tech

Port of LA’s Seroka calls for US focus on exports

Port of Los Angeles Executive Director Gene Seroka called for a national export program to narrow the trade gap between the United States and China during an appearance on CNBC’s “Squawk Box Asia” this week.

“We are now at five imports to every export and that’s the widest trade gap we’ve witnessed at the Port of Los Angeles in some time,” Seroka told hosts Rosanna Lockwood and Sri Jegarajah on Thursday.

He said that import-export imbalance puts pressure on the port’s service providers and does...

https://s29755.pcdn.co/news/port-of-las-seroka-calls-for-us-focus-on-exports

Last-mile logistics businesses could be next billion-dollar startups (with video)

Last-mile logistics businesses could be next billion-dollar startups (Photo: FreightWaves)

At the American Shipper Global Trade Tech summit Wednesday, Cambridge Capital managing partner Ben Gordon and operating partner Essa Al-Saleh spoke in a fireside chat, discussing trends within the logistics industry and the factors the venture capital firm looks for in a startup before investment.

Al-Saleh moved to Cambridge Capital after a long stint at global logistics firm Agility. While at Agility, Al-Saleh transformed the then-company with a market presence only within Kuwait to a $5...

https://www.freightwaves.com/news/last-mile-logistics-businesses-could-be-next-billion-dollar-startups-with-video

Port of LA leader calls for industrywide digital transformation (with video)

With his workplace, the Port of Los Angeles, providing the backdrop, Gene Seroka kicked off American Shipper’s Global Trade Tech summit Wednesday by calling for “bold steps in the digital transformation of the maritime industry.”

“Today’s challenges have introduced widespread uncertainty, created erratic trade flow and further spotlighted the need to reassess strategies. Indeed we are in the midst of challenging times. This pandemic has wreaked havoc on economies around the globe,” said Seroka,...

https://www.freightwaves.com/news/port-of-la-leader-calls-for-industrywide-digital-transformation