Skip to content
Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg Customer SupportCustomer Support
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Products and Account Information

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and Order Management
    • Content and Data
    • Financial Data Management
    • Integration and Distribution
    • Bloomberg Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Apps
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and
      Order Management
    • Content and Data
    • Financial Data
      Management
    • Integration and
      Distribution
    • Bloomberg
      Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • Bloomberg Environment
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg
      Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg
      Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Apps
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Contracts and Orders

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

Bloomberg UK

Switch Editions
  • UK
  • Europe
  • US
  • Asia
  • Middle East
  • Africa
  • 日本
Sign In Subscribe
  • Bloomberg TV+

    Bloomberg Surveillance

    Bloomberg Surveillance

    Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day.

    Bloomberg Radio

    Bloomberg Surveillance

    Bloomberg Surveillance

    The economy and markets are "under surveillance". Bloomberg Surveillance, covering the latest news in finance, economics and investments.

    Listen

    Quicktake

    The Breakdown: Cyberpunk 2077

    The Breakdown: Cyberpunk 2077

    Cyberpunk 2077 was one of the highest selling games of all time. It's developer, CD Projekt Red, was seen as one of Poland's most important companies. But inside the company, leadership pushed developers to get the game out for launch, hid the truth about how bad the game was, and ultimately had it returned by millions of people.

    Also streaming on your TV:

    • Markets
      Markets
      • Economics
      • Deals
      • Odd Lots
      • The FIX | Fixed Income
      • ETFs
      • FX
      • Factor Investing
      • Alternative Investing
      • Economic Calendar
      • Markets Magazine
      Reserve Bank of India Ahead Of Rate Decision

      Markets

      India Relaxes Rules to Boost Foreign Inflows, Stem Rupee Fall

      Barclays, Santander, HSBC Closing Branches In Russia

      Markets

      HSBC Is  in Talks to Sell Russian Unit to Expobank, Sources Say

      Market Data

      • Stocks
      • Commodities
      • Rates & Bonds
      • Currencies
      • Futures
      • Sectors

      Follow Bloomberg Markets

      View More Markets
    • Technology
      Technology
      • Work Shifting
      • Code Wars
      • Checkout
      • Prognosis
      Activision Blizzard AP PHOTO

      Technology

      UK Probes Microsoft’s $69 Billion Purchase of Activision

      Apps Take Center Stage Amid Shelter-In-Place Covid-19 Guidelines

      Technology

      Amazon Will Take Stake in Grubhub, Offer Prime Users Membership

      Alibaba Headquarters Ahead of Earnings Results

      Technology

      Alibaba Earnings Turnaround Hopes Revived After Shares Rise 60%

      Follow Bloomberg Technology

      View More Technology
    • Politics
      Politics
      • US
      • UK
      • Americas
      • Europe
      • Asia
      • Middle East
      Ukrainian Minister of Foreign Affairs Dmytro Ivanovych Kuleba

      Politics

      Ukraine Doubts Deal to Unblock Grain Exports Will Happen Soon

      THAILAND-TOURISM

      Politics

      Thailand May Get Pricier for Tourists With Dual Hotel Rates

      Featured

      • Hong Kong's 25 Years Under China
      • Next China

      Follow Bloomberg Politics

      View More Politics
    • Wealth
      Wealth
      • Investing
      • Living
      • Opinion & Advice
      • Savings & Retirement
      • Taxes
      • Reinvention
      New York City As Covid Restrictions Are Lifted After Reaching Vaccine Goal

      Wealth

      Manhattan Home Prices Hit a Record While Sales Frenzy Winds Down

      BRAZIL-ELECTION-CAMPAIGN-LULA

      Politics

      Lula Reassures Brazilian Billionaires Wary of Leftist Turn

      Featured

      • How to Invest

      Follow Bloomberg Wealth

      View More Wealth
    • Pursuits
      Pursuits
      • Travel
      • Autos
      • Homes
      • Living
      • Culture
      • Style
      Rogers Looks To Longtime Foe To Help Rescue Shaw Deal

      Pursuits

      Rogers Says It’s Failed to Sway Antitrust Czar on Shaw Deal

      Wimbledon Updates | Halep, Nadal Both Play on Centre Court

      Pursuits

      Wimbledon Updates | Halep, Nadal Both Play on Centre Court

      Featured

      • Screentime
      • New York Property Prices
      • Where to Go in 2022

      Follow Bloomberg Pursuits

      View More Pursuits
    • Opinion
      Opinion
      • Business
      • Finance
      • Economics
      • Markets
      • Politics & Policy
      • Technology & Ideas
      • Editorials
      • Letters
      Mainframe Computer

      Allison Schrager

      Big Data's Past Is Messing With Our Future

      Major Flooding Soaks The Midwest

      Jared Dillian

      The Redditors Should Know When They Are Conquered

      Residential Real Estate As Property Values Fall Across US

      Jonathan Levin

      Housing Stands in the Way of a September Fed Pivot

      Follow Bloomberg Opinion

      View More Opinion
    • Businessweek
      Businessweek
      • The Bloomberg 50
      • Best B-Schools
      • Small Business Survival Guide
      • 50 Companies to Watch
      • Good Business
      • Subscribe to the Magazine
      CHINA-XICHANG-SATELLITES-LAUNCH (CN)

      Business

      Geely Is Launching Satellites in a Bid to Bring Driverless Cars to China

      Google Is Going to Let Politicians Spam Your Inbox

      Remarks

      Google Is Going to Let Politicians Spam Your Inbox

      The Lottery Lawyer Won Their Trust, Then Lost Their Mega Millions

      The Heist Issue

      The Lottery Lawyer Won Their Trust, Then Lost Their Mega Millions

      Follow Bloomberg Businessweek

      View More Businessweek
    • Equality
      Equality
      • Corporate Leadership
      • Capital
      • Society
      • Solutions
      Key Speakers At CERAWeek 2022

      Equality

      Texas’s Business Allure Defies Abortion Politics, for Now

      RUSSIA-US-DIPLOMACY-BASKET-COURT

      Equality

      Biden Receives Plea from WNBA Star Griner on Release From Russia

      Mike Grier

      Society

      NHL’s First Black General Manager to Join San Jose Sharks

      Follow Bloomberg Equality

      View More Equality
    • Green
      Green
      • New Energy
      • ESG Investing
      • Weather & Science
      • Electric Vehicles
      • Climate Politics
      • Greener Living
      • Cleaner Tech
      coal

      Future of British Business

      UK Leaves Door Open for Coal Comeback in Bid to Keep Lights On

      Vattenfall AB's Mitte Natural Gas Power Plant as As Europe Plans to Slash Russia Dependence

      Green

      EU Lawmakers Remove Last Hurdle to Label Gas, Nuclear as Green

      Featured

      • Data Dash
      • Hyperdrive

      Follow Bloomberg Green

      View More Green
    • CityLab
      CityLab
      • Design
      • Culture
      • Transportation
      • Economy
      • Environment
      • Housing
      • Justice
      • Government
      • Technology
      Virus Cracks Germany’s Defense Against Jobless Surge

      Economy

      Intel Seeks Salvation in German Town of Boom and Bust

      In the Land of $87,000 Corollas, Cars Just Got Pricier Again

      CityLab

      Singapore's Sky-High Car Prices Are Warning for Global Cities

      HUD Secretary Marcia Fudge (second from left) tours an affordable apartment complex in Alexandria, Virginia, in August 2021. 

      Housing

      Does the White House Need a ‘Zoning Czar’?

      Follow Bloomberg CityLab

      View More CityLab
    • Crypto
      Crypto
      • Decentralized Finance
      • NFTs
      • Regulation
      • Technology
      Bars And Restaurants Are Cashing In On The Co-Working Boom

      Crypto

      Gender Fluidity In The Metaverse

      Turkish Cryptocurrency Kiosks as Bitcoin Rout Deepen

      Crypto

      Crypto ‘Fear and Greed’ Gauge Improves a Bit After 60% Selloff

      Key Speakers At The Bitcoin Conference

      Crypto

      Crypto Mining Giant Dumped Most of Its Bitcoin Holdings in June

      Follow Bloomberg Crypto

      View More Crypto

Live on Bloomberg TV

CC-Transcript

  • 00:00Under great duress I would have thought to the moment in terms of their own bottom lines in terms of navigating what has been a very difficult supply chain and what are people saying to you at the moment in terms of how they are seeing supply chains come on snarled or worse enough. Yeah. Well I'll be a buyer and thank you for having me by the way. Be reporting you all are doing is incredible. You've been following this issue from the outset. We appreciate the attention that you paid to this because it's a critical issue for American competitiveness. Our members. Yes I have had the most stressful two years because as you know the demand has been unprecedented for as long as a sustained period of time. And we have had such a capacity crunch. And now you're seeing at the West Coast ports where the ocean shipping sales have. They are correct. There are there is a little bit more fluidity. There aren't as many stacked outside on the oceans but it still is a very stressed environment and we would hate to see it deteriorate further. Are you seeing your members able to pass on their higher costs onto the consumers into their own customers. I have to tell you we've been eating a lot of our costs because as I mentioned the capacity is such a dear dear it is so tough to find truck drivers to find you know the intermodal services as you know have been very unreliable this the last couple years. So we have been paying more to get capacity consistently and to get those drivers will pay really anything to try to get it. And as you know they have fuel surcharges et cetera that that just they are charging as much as they can. And then we talk a lot about China about Shanghai lockdowns. They're potentially easing. I mean how much would that impact some of your members. How much of a real boost would that be at this point. Well so our members connect with one of every three of those large ocean carriers shipping vessels and they use us to either help with their warehousing with their truckload services drainage or connecting to intermodal. And so yeah it has some. But if that Shanghai down just turns around and we are releasing those ships back into the economy that will actually strip our members all the way up again. I was talking to a member of mine yesterday who connects to two dredge and intermodal. And he says that he can see his container sitting there but he can't get it to go. And it partially is because of rail service being what it is. And partially it's because it's the chassis pool is not always available. So it's any number of issues that have snarled it and made the system stressed. And I think that's what some of this reporting and what your real expertise gives us is this understanding that this isn't just one quick fix. There's so many parts of the supply chain that about bottlenecks and we need to address. But from your perspective when you are hearing the president the United States go to L.A. and talk about the what they have done. Is it enough. What more could the administration do you think. Well I think the administration should be credited for their port infrastructure development grants. That was part of the infrastructure bill that passed last year. Having that money to invest in the nation's ports is so valuable and it's a critical resource again if we go back to American competitiveness. We have to make our ports as efficient as effective as they are worldwide. And currently I think we have two ports of the top 20. Wouldn't it be great if we had more. So I credit them for doing that. I think they also are paying attention to this West Coast port strike which is a credit to them as well because they know if there were a slowdown or if something happens and God forbid a strike occurs it would be devastating to the economy. I want to talk though about inventory. Target is certainly a company that comes to mind in the last few weeks highlighting maybe the double ordering and then the over inventory after not having inventory a year ago. And then of course the discounting that comes with that. When do you start to see normalization of that inventory. I think we're actually starting to see it now. But you know when we say normalization it's exactly right. Normalization. We're not cratering down into into sort of a recession. What we're seeing is that demand is actually becoming pre coated. So 20 19 whatever you bought. And that kind of thing. That's what we're seeing. We're not seeing it go away. People are now spending more money on services naturally because if they can get out more but they are still spending money on goods. But to that end. Yes. I don't think the volumes are going to be as high as we have seen.
  • NOW PLAYING

    Transportation Intermediaries Association CEO on Supply Pain

  • 02:08

    Key Levels to Watch as Euro-Dollar Parity Creeps Closer

  • 14:59

    First Look With Surveillance: Blinken China, Crypto Woes

  • 02:45

    UK's Johnson Clings On: What Happens Next?

  • 47:09

    'Bloomberg Daybreak: Europe' Full Show (07/06/2022)

  • 01:47

    Daybreak Europe Show Open: Gold, Euro, and Oil Fall

  • 05:02

    Hasan: All Hands on Deck to Curb Inflation

  • 48:16

    'Bloomberg Daybreak: Middle East' Full Show (07/06/2022)

  • 02:02

    OPEC Head Mohammad Barkindo Has Died Aged 63

  • 03:39

    Johnson on the Brink But Clings On After Resignations

  • 02:59

    UK Government, Euro, Nasdaq Comeback: 3-Minute MLIV

  • 46:11

    'Bloomberg Markets: China Open' Full Show (07/06/2022)

  • 03:54

    BNP Paribas WM on Markets

  • 07:20

    Emkay Global Madhavi Arora on Indian Economy

  • 07:10

    Bank Indonesia 'Still Comfortable' With Inflation Level, Governor Says

  • 01:35:18

    'Bloomberg Daybreak: Asia' Full Show (07/06/2022)

Stream Schedule:

U.S. BTV+
  • U.S. BTV+
  • U.S. BTV
  • Europe BTV
  • Asia BTV
  • Australia BTV
  • U.S. Live Event
  • EMEA Live Event
  • Asia Live Event
  • Politics Live Event
No schedule data available.

Transportation Intermediaries Association CEO on Supply Pain

June 14th, 2022, 7:28 PM GMT+0000

Transportation Intermediaries Association CEO Anne Reinke discusses how the port labor strike would impact the logistics industry with 'Bloomberg Markets' Caroline Hyde, Romaine Bostick and Taylor Riggs. (Source: Bloomberg)


  • Bloomberg Technology

    The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. Hosted by Emily Chang.
    More episodes and clips
    • 44:47

      'Bloomberg Technology' Full Show (07/05/2022)

    • 02:11

      US Pushes for Netherlands' ASML to Stop Selling Chipmaking Gear to China

    • 08:52

      Crypto Report: Cryto Fundraising for Women's Activism

    • 07:18

      Nasdaq Senior VP Thomas on IPOs, SPACs, Private Market

See all shows
Terms of Service Trademarks Privacy Policy ©2022 Bloomberg L.P. All Rights Reserved
Careers Made in NYC Advertise Ad Choices Help