Biden to ocean carriers: ‘The rip-off is over’

Biden speaking at the Port of Los Angeles on June 10.

Making the case for legislation to hold carriers more responsible for shipping costs and service standards, President Joe Biden on Friday laid much of the blame for record-setting inflation data released earlier in the day on the decks of the world’s largest ocean carriers.

“Every once in a while something you learn makes you viscerally angry,” Biden said, speaking at the Port of Los Angeles. “That’s why I’ve called on Congress to crack down on foreign-owned shipping companies that have raised...

https://www.freightwaves.com/news/biden-to-ocean-carriers-the-rip-off-is-over

Drilling Deep: FourKites prepares for the post-pandemic future

At the Gartner Supply Chain Symposium in Buena Vista, Florida, podcast host John Kingston sat down with two executives from FourKites to talk about visibility in the supply chain and what companies like theirs need to do in the post-pandemic market to meet customer needs.

Kingston was joined by Fabrizio Brasca, the executive vice president of industry and market strategy at FourKites, and Mark Delaney, the company’s vice president of global industry strategy for the retail sector. 

Also on the...

https://www.freightwaves.com/news/drilling-deep-fourkites-prepares-for-the-post-pandemic-future

Biden slams ocean carriers ahead of Port of LA speech

Biden speaking at White House and flanked by photos of container ships

Ahead of President Joe Biden’s planned speech at the Port of Los Angeles on Friday, the White House released a video of the president on a phone call with retailers who were complaining about the high cost of ocean shipping.

“One of the big reasons why prices are going up is the cost of shipping things across the Pacific, in particular,” Biden says during the call. “There’s only nine major ocean line shipping companies who ship from Asia to the United States. These companies have raised their...

https://www.freightwaves.com/news/biden-slams-ocean-carriers-ahead-of-port-of-la-speech

Diversity initiatives at supply chain companies now a recruitment tool

LAKE BUENA VISTA, Fla.–Among the business goals that might fall under the environmental, social and governance umbrella, diversity, equity and inclusion now isn’t seen as just a goal but a tool to recruit workers in a tight labor market. 

That was the message delivered by Abe Eshkenazi, the CEO at the Association for Supply Chain Management. He joined in a presentation on diversity, equity and inclusion and its role in the supply chain workspace at a session held as part of the Gartner Supply...

https://www.freightwaves.com/news/diversity-initiatives-at-supply-chain-companies-now-a-recruitment-tool

Flexport nabs Amazon’s Dave Clark for CEO role

Amazon Consumer CEO Dave Clark

Dave Clark, the architect of Amazon.com Inc.’s transport and logistics business who announced his resignation last week, said Wednesday he will become CEO of Flexport, the global freight forwarding company, effective Sept. 1.

Ryan Petersen, privately held Flexport’s high-profile founder and CEO, will serve as co-CEO for the first six months, Flexport said. Petersen will then become the company’s executive chairman.

Clark will also join Flexport’s board of directors.

In his Twitter announcement,...

https://www.freightwaves.com/news/clark-to-become-flexports-ceo-in-september

Supply chain executives’ roles growing in importance: Gartner analyst

LAKE BUENA VISTA, Fla. — A common theme at the Gartner Supply Chain Symposium here is that the people running a company’s supply chain are going to be rising in importance and moving from “the back of the house.”

That was the term used by Joanne Joliet, a vice president and analyst at Gartner, in her Signature Series address at the conference. 

It is not surprising that attendees at a conference of almost 2,700 people involved in the supply chain are going to tell themselves that they’re going to...

https://www.freightwaves.com/news/supply-chain-executives-roles-growing-in-importance-gartner-analyst

MTS Logistics surpasses $80,000 fundraising goal for autism awareness

MTS Logistics announced that it has raised over $81,000 for autism awareness ahead of the upcoming 12th Annual Bike Tour with MTS for Autism, which will take place Saturday in New York City.

Each year, MTS Logistics sponsors the biggest bike event in the shipping industry to raise funds for Spectrum Works, a nonprofit workforce training program that provides job training and employment opportunities for young adults with autism. 

The event brings together participants from all over the world,...

https://www.freightwaves.com/news/mts-logistics-surpasses-80000-fundraising-goal-for-autism-awareness

IBM exec: Every day in the supply chain has a black swan

LAKE BUENA VISTA, Fla. — After a discussion about the theory of black swans in markets — in which a development occurs in spite of enormous mathematical odds, like a black swan being hatched — Joseph Berti told an audience at the Gartner Supply Chain Symposium that their industry has a black swan daily.

“If there is anything you can remember, it’s that two days are never the same in the supply chain,” said Berti, a vice president at IBM (NYSE: IBM)  “Just because it happened in the past doesn’t...

https://www.freightwaves.com/news/ibm-exec-every-day-in-the-supply-chain-has-a-black-swan

Clark, architect of Amazon’s shipping network, resigns after 23 years

Dave Clark, the former CEO of Amazon's consumer business

Dave Clark, who led the transformation of Amazon.com Inc. from a buying portal to one of the world’s leading transportation and logistics firms, said Friday that he has resigned from the company after 23 years, effective July 1. No successor has been named.

Clark, 48, announced his departure in a Twitter post. Amazon CEO Andy Jassy disclosed Clark’s decision in a blog post on the company’s site. Jassy said that Amazon (NASDAQ: AMZN) is “trying to be thoughtful in our plans for Dave’s succession...

https://www.freightwaves.com/news/clark-architect-of-amazons-shipping-network-resigns-after-23-years

How to save on fuel costs as diesel prices surge

As diesel fuel prices have continued to rise since the start of the year, fleets of all sizes are grappling with the combined pressure of increased operations costs and the challenges of the current market volatility.

“Across the board, transportation professionals are facing tougher markets and more difficult cash flow. That’s a reality of modern trucking that isn’t going away anytime soon,” Tyler Raugh, head of business development and strategic sales at trucking payments platform AtoB, said.

Ma...

https://www.freightwaves.com/news/how-to-save-on-fuel-costs-as-diesel-prices-surge

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