U.S. importers have been moving their business away from West Coast ports due to the fraught nature of the labor dispute between the Pacific Maritime Association (PMA) and the International Longshore and Warehouse union. The Wall Street Journal reports that ports’ share of US containerized import cargo dropped from 37% to 35% year-over-year in June. Read more…
Daily Archives: September 8, 2023
FLEXPORT CEO RESIGNS
David Clark, who was the CEO of Flexport, a logistics company, resigned on Wednesday September 6, 2023. After leaving Amazon in June, Clark had a tough time transitioning and faced criticism over his leadership style. Flexport founder Ryan Peterson, the previous co-CEO, will be replacing David as he is reportedly considering a run for governor of Texas in 2026. Read more…