Talking Transports Bloomberg

Crude and product tanker operators look well positioned given the positive rate backdrop created by increased consumption and low orderbook, dislocations from Russia’s war in Ukraine and the crisis in the Red Sea, which have soaked up additional capacity from longer voyages. In this Talking Transports podcast, Lois Zabrocky, International Seaways president and CEO, joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to share her insights into the tanker markets. Zabrocky also talks about how Seaways is navigating new emission regulators facing the global shipping industry. In addition, she discusses Seaways’ fleet, demand trends, the company’s use of cash and leaving Iowa for a career on the high seas.
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Shippers with time-sensitive, perishable or high-value freight look to expedited transportation markets to ensure on-time delivery of critical shipments. In this Talking Transports podcast, Nicole Glenn, Candor Expedite’s founder and CEO, joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to share her insights into this growing and often overlooked part of the freight market. She also talks about the growth in recurring business and Candor’s new food-chain division, which uses reusable cold packaging and provides constant temperature monitoring. Glenn also shares the challenges she faces as an entrepreneur, what motivates her to expand the businesses and how a chance meeting changed her career trajectory.
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The first quarter may have marked the bottom for freight markets, even as the outlook remains mixed with a high degree of uncertainty. In this Talking Transports podcast, Ravi Shanker, Morgan Stanley’s managing director and lead analyst for North American freight transportation and airlines, joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to share his takeaways from 1Q earnings and his longer-term outlook. Shanker expects the truckload market cycle will turn on increased demand over an acceleration of supply leaving the market as inventories are restocked. He also talks about precision-scheduled railroading, focusing beyond operating ratio for railroads, parcel markets, airlines service, less-than-truckload valuation and how a quote in Car and Driver magazine changed his life.
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New and pending shipping regulations are increasing the complexity and costs to operate in the dry-bulk market, resulting in higher barriers to entry. This could drive market consolidation as carriers look to build scale. In this Talking Transports podcast, Cetus Maritime Chief Operating Officer Olivia Lennox-King joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to talk about the state of the dry-bulk and handysize markets. Increased ton-miles from market dislocation, like those in the Red Sea, coupled with a low order book, should bode well for Handy-size rates this year. Lennox-King also talks about how the sector will most likely look to meet global standards to reach net-zero greenhouse-gas emissions by 2050.
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A more competitive bid season, an irrational spot market and severe January weather took a toll on truckers this year. More capacity will need to exit the market before freight rates and earnings can inflect positively for truckload carriers. In this Talking Transports podcast, American Trucking Associations’ (ATA) Chief Economist and Senior Vice President Bob Costello joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to talk about the state of the truckload and less-than-truckload segments and what lies down the road for the trucking industry. The market has become more volatile, and a turnaround will likely happen quicker than in previous cycles, Costello says. He also talks about autonomous trucking, electric trucks, new emission standards and driver availability.
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Assessing and mitigating geopolitical risks is becoming more important for supply chains. In this Talking Transports podcast, Eurasia Group’s president and founder Ian Bremmer joins Lee Klaskow, Bloomberg Intelligence’s senior transportation and logistics analyst, to share his perspective on the threat of an escalating conflict between Israel and Iran as well as hot spots around the world that have an impact on global trade. Increased tensions between China and its neighbors in the South China Sea could have ripple effects on trade and may be more of a peril for regional stability than a conflict with Taiwan. Bremmer also talks about artificial intelligence, the rise of populism, social media’s impact on the political process and what a change in the administration in the US might mean for businesses. 
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