1. Flexport Clears Out Executives After Clark’s Resignation as CEO
Flexport founder Ryan Petersen is cleaning house after Dave Clark, a former top executive at Amazon.com, abruptly resigned as chief executive of the freight forwarder following disagreements over the direction of the business and spending on new operations. Read more
2. West Coast Ports Face Hurdles Winning Back Importers
West Coast ports have a new labor agreement in hand but they face big hurdles in their efforts to get U.S. importers to bring their supply chains fully back through the gateways.
New manufacturing strategies along with geopolitical tensions and China’s lagging economic growth are casting clouds over the ports that have long been a linchpin of the U.S. trade economy, even as the gateways from Southern California to Seattle trumpet an end to the labor uncertainty that helped push millions of import containers to other ports. Read more
3.With Bills Ranging From $81 to Millions Due, Yellow’s Creditors Face Uncertain Recovery
One of the country’s biggest railroads, a computer equipment supplier and a Texas city with a bill for $81.21 are among the hundreds of creditors lining up in hopes of recouping millions of dollars they were owed when trucker Yellow collapsed into bankruptcy.
Yellow’s major lenders, including the federal government and investment firm Citadel, look likely to be repaid the $1.2 billion they have on the line, but the larger pool of creditors whose debts aren’t secured by Yellow’s assets face a more uncertain future. Read more
4. Chatbots Are Trying to Figure Out Where Your Shipments Are
Logistics companies are increasingly building artificial intelligence technology into their operations, but many say they’re taking it slow when it comes to incorporating the kind of chatbots that are becoming a growing part of the consumer scene.
Executives say they’re intrigued by the potential cost savings and efficiency of the ChatGPT-like tools known as generative AI. First, however, they have to make sure the digital approach won’t frustrate their customers who are shipping millions of dollars worth of goods around the world. Read more
5. Where Peak-Season Shipping Is Headed, In Charts
The busiest period for supply chains is arriving with a whimper, providing little optimism for a rebound in freight demand.
The period from late summer into fall is usually the busiest time of year in supply chains, as retailers rush clothing, electronics and holiday-season decorations to consumer markets and freight operators look to boost profits on the surging demand. Read more
Content retrieved from: https://www.wsj.com/news/logistics-report.
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