OIA Global hires former TRAC CEO

Keith Lovetro comes out of retirement to lead supply chain management company.

OIA Global hires former TRAC CEO

Keith Lovetro comes out of retirement to lead supply chain management company.

OIA Global hires former TRAC CEO

Keith Lovetro comes out of retirement to lead supply chain management company.

 
   OIA Global on Tuesday named Keith Lovetro, who retired as the head of TRAC Intermodal at the end of July, as its new chief executive officer.
   In its announcement Tuesday, OIA Global, headquartered in Portland, Ore., said Lovetro is joining the company during a period of rapid growth and will assume overall responsibility for the financial performance of the company, its long-term strategic vision and day-to-day operating performance.
   J. A. Lacy, president and CEO of parent company LDI Ltd., said, “With his well-rounded logistics and transportation experience, we are confident that Keith is the leader for OIA’s future, and with the support of the OIA Board of Directors, he will push the organization to deliver exceptional results for our customers, employees and stakeholders.”
   Lovetro joined intermodal marine equipment services provider and chassis lessor TRAC Intermodal as president and CEO in 2011. He is credited with doubling the company’s revenue during his tenure.
   OIA said Lovetro “received outstanding training early in his career working for best-in-class organizations, including FedEx, DHL and YRC, where he developed his finance, commercial and operating expertise.”

   Since its founding in 1988, OIA has grown into a $1.3 billion supply chain management company with a presence in 28 countries.

We are seeing many more pricing requests for Southeast Asia and the Indian subcontinent. Few actually moved their supply chains outside of China because this will take time, especially for larger shippers. However, Taiwan and South Korea are in a unique situation: Some manufacturing had shifted to mainland China in the last decade due to lower costs, but that infrastructure is still in Taiwan and South Korea. Some manufacturing may temporarily shift back there until Southeast Asia infrastructure catches up. 

Drewry’s World Container Index, a composite of container freight rates on eight major routes to and from the U.S., Europe and Asia, was down 1.4% to $1,351.15 per 40-foot container as of June 13.

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OIA Global hires former TRAC CEO

Keith Lovetro comes out of retirement to lead supply chain management company.

Jan 09, 2019 on Dec 27, 2018AmericanShipper.com

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OIA Global hires former TRAC CEO

Keith Lovetro comes out of retirement to lead supply chain management company.

Jan 09, 2019 on Dec 27, 2018AmericanShipper.com