Supply Chain

Anthony Jordan steps up to become EVP and COO for Geodis in the Americas

Geodis has promoted Anthony Jordan (pictured above) to executive vice president and chief operating officer of the Americas region.
Mr Jordan was most recently senior vice president and head of market line operations in the region.
“Throughout Anthony’s 15-year tenure at Geodis, he has proved himself a true logistics professional who has played an instrumental role in supporting our company’s growth,” said Mike Honious, Americas president and chief executive.
“Anthony has been an …

The post Antho...

https://theloadstar.com/anthony-jordan-steps-up-to-become-evp-and-coo-for-geodis-in-the-americas/

Analysis: ORBCOMM buyout – short odds on a bidding war?

The track and trace of a satellite firm (and why it matters to logistics)?
‘Detour risk’
Well, first off, the de-listing of Internet-of-Things firm ORBCOMM via a buyout may take a detour.
It received a $1.1bn bid, including net debt, on 7 April – the deal was disclosed the following day – from private equity house GI Partners. But so far that’s where the good news for its shareholders may end if the …

The post Analysis: ORBCOMM buyout – short odds on a bidding war? appeared first on The Loadstar.

https://theloadstar.com/analysis-orbcomm-buyout-short-odds-on-a-bidding-war/

Market Insight: Who’s really behind the multi-billion dollar claim against DSV?

The lawsuit against DSV, in which the Danish forwarder is potentially on the hook along for several billions of dollars in damages, has taken an interesting twist.
(Our previous coverage is here, background; and here)
A quick recap
Last year, North American Sugar Industries filed a lawsuit claiming that DSV (now DSV Panalpina), along with BBC Chartering, had used a port it had owned in Cuba, but which was expropriated by the Cuban government …

The post Market Insight: Who’s really behind the...

https://theloadstar.com/market-insight-whos-really-behind-the-multi-billion-dollar-claim-against-dsv/

Spectre of a new Montreal port labour clash sees shippers eye alternatives

The port of Montreal appears to be on course for another flare-up in the confrontation between management and labour.
The past few days have seen an escalation in the conflict, increasing shipper fears of another crippling slowdown in operations.
Tension was already building when the seven-month truce, after last summer’s strike, ended in late March, with both sides accusing each other of negotiating in bad faith.
And in a vote a week before …

The post Spectre of a new Montreal port labour clash...

https://theloadstar.com/spectre-of-a-new-montreal-port-labour-clash-sees-shippers-eye-alternatives/

Heroes to rescue stranded gnomes? We’re a little short of them

A (light-hearted) Twitter poll by Flexport, which has some 43 boxes on the Ever Given, asked: should the company a) wait patiently; b) sue everyone; or c) carry out a daring hostage rescue operation? Perhaps unsurprisingly, the latter option won 60% of the vote, with people suggesting daring helicopter or drone raids, or making use of Flexport’s recent hiring of ex-marines.
Which leads us to the latest Ever Given crisis – …

The post Heroes to rescue stranded gnomes? We’re a little short of them...

https://theloadstar.com/heroes-to-rescue-stranded-gnomes-were-a-little-short-of-them/

New IT solutions the best hope to rebuild ‘smashed’ UK supply chains

IT solutions offer the best return to “normality” for forwarders, after Brexit “smashed apart” once-streamlined UK supply chains.
MD of Forward Computers (FCL) Richard Litchfield said the past decade had led to a “major improvement” in the organisation of road freight across Europe, but after the Brexit vote, worries had begun to set in over the resilience of systems.
“It used to be every road shipment was its own, individual project, but …

The post New IT solutions the best hope to rebuild...

https://theloadstar.com/new-it-solutions-the-best-hope-to-rebuild-smashed-uk-supply-chains/

Zim puts the geared-up port of Oakland in the fast transpacific lane

Zim is extending its footprint in the fast shipping lane between Asia and North America.
By the end of the month, the carrier intends to start an expedited transpacific service from Taiwan and China to California.
It will deploy vessels with about 4,250 teu capacity on a weekly run from Kaohsiung, via Ningbo and Shanghai, to Oakland and Los Angeles.
And it marks the carrier’s third expedited transpacific operation since the launch of …

The post Zim puts the geared-up port of Oakland in the fast...

https://theloadstar.com/zim-puts-the-geared-up-port-of-oakland-in-the-fast-transpacific-lane/

Trucking firm clash with drivers’ union heats up and spreads into LA port

A confrontation between truck drivers and Universal Logistics, one of the largest trucking firms in southern California, has spilled into the port of Los Angeles.
On Monday, drivers started a strike, picketing a truck yard of Universal Logistics subsidiary Southern Counties Express in Compton, demanding the company reinstate drivers allegedly dismissed illegally and respect the right to unionise.
In addition, they called on management to negotiate ‘in good faith’ and stop classifying …

The post T...

https://theloadstar.com/trucking-firm-clash-with-drivers-union-heats-up-and-spreads-into-la-port/

Milk Moovement closes $3.2M funding round

Milk Moovement, the startup seeking to modernize the dairy supply chain through cloud-based software, closed on a $3.2 million seed funding round on Thursday.

The round was led by Dynamo Ventures, alongside Matchstick Ventures, Bread & Butter Ventures, and Better Food Ventures. SOSV and Techstars provided follow-on investment in the round. Richard Cargill is a personal angel investor in Milk Moovement.

“Our proprietary software tracks all milk shipments from producers to processing plants and...

https://www.freightwaves.com/news/milk-moovement-closes-32m-funding-round

Shippers warned against ‘worse-than-average’ US hurricane season

It never rains, but it pours … Shippers are being warned of more supply chain disruption when the hurricane season hits the US in June.
Colorado State University said the “2021 Atlantic basin hurricane season will have above-normal activity”.
“We anticipate an above-average probability for major hurricanes making landfall along the continental United States coastline and in the Caribbean.”
The academics found there was a near-70% chance of a major hurricane striking somewhere along …

The post Shi...

https://theloadstar.com/shippers-warned-against-worse-than-average-us-hurricane-season/

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