Petersen: Operators cannot run a non-union shipping port in the US
Ryan Petersen · E66: $FB's big drop, Rogan/Spotify mess, Xi/Putin meetup & supply chain issues with Ryan Petersen · Feb 5, 2022 · at 31:04
Flexport CEO Ryan Petersen describes labor union mandates imposed on terminal operators leasing city-owned ports in the United States.
0:00 / 0:08exact quote · 8.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“And then but those as a condition of renting the port, you must agree to hire the ILWU. You can't run a non union port in the United States.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Ryan Petersen
Flexport CEO says government hid port delays by moving ships offshore
“They passed this rule that the ships have to wait a 150 miles offshore so that the carbon, so that the pollution wouldn't hit LA, like reasonable, good. But then they kept using the same metric for how many ships are waiting right outside the port. And it went…”
Petersen: 60% of Amazon third-party sellers are Chinese companies
“I think it's 60% of all the sellers on Amazon are these Chinese registered. They're not registered in the United States at all, just Chinese companies selling.”
Peterson: Houthi rebels will not disrupt Suez Canal long term
“The Suez canal is too valuable in my opinion, Too valuable to civilization, to the modern world, to believe that, you know, a group of rebels, no matter how well funded they may be, is going to be able to disrupt that for any long period of time.”
US ports have lower productivity than Mombasa, Kenya, says Flexport CEO
“Our ports operate with a lower throughput and productivity level than Mombasa, Kenya.”
Flexport CEO predicts severe retail inventory oversupply within six months
“I'm really worried that we're going to find out in six months or in some time period in the future here that people have ordered way too many goods, that these companies expected demand to stay high and keep booming. At some point, consumers start going to res…”
Petersen: IMO 2023 carbon regulations will slash capacity and spike shipping prices
“It will reduce the supply of shipping capacity and slow everything down another 30%. That, that takes place January first, 20, 23. It's getting very little attention, but to my view, it's going to be massively disrupted. If we slow everything down, reduce the …”