Morning Minute | May 23, 2025

Marcos Galperin is stepping down as CEO of Mercado Libre, the online marketplace often described as the Amazon of South America, after 26 years, transitioning to executive chairman while Ariel Szarfsztejn takes over as CEO starting January 1st. This leadership change occurs as the e-commerce giant continues its impressive growth, having handled 1.8 billion orders in 2024. (See article information in sources). The Port of Savannah saw a record-breaking April, handling over 515,000 TEUs, a 17% increase compared to April 2024. This marks the third consecutive month of record container volumes for the port and is attributed to importers accelerating shipments in anticipation of potential tariff changes. (See article information in sources). Learn about Werner Enterprises temporarily suspending its 401k matching contributions as part of a $40 million cost-saving initiative for 2025. This decision follows the company's first quarter operating loss and aims to streamline operations and position Werner for long-term growth. (See article information in sources). Also preview upcoming Freight Waves content, including new episodes of What the Truck? and Running on Ice, and virtual events like the Enterprise Fleet Summit and the Supply Chain AI Symposium. You can register for these events by going to live.frightwaves.com. Learn more about your ad choices. Visit megaphone.fm/adchoices