Senior Vice President – Trucking & Freight Derivatives
Gary is responsible for managing Lakefront’s newly launched trucking & freight sector focused derivatives group nationwide and provides the industry the best of two worlds – he is a licensed Series 3 derivatives broker with a background in logistics and significant experience operating a freight brokerage company. His real time insight on the trends impacting the trucking spot market’s supply / demand conditions and spot rates nationwide allow him to engineer the optimal derivatives hedging and profiting strategy for each market participant on a customized basis. Gary will work directly with the commercial users requiring risk mitigation solutions – shippers, trucking carriers and 3PLs. In addition, Gary will also help market participants identify profiting strategies that they can execute on via positions in both the trucking forward and futures markets – i.e. rate direction speculation, spread arbitrage, and synthetic cash and carry arbitrage.
In addition to managing this new group, Gary is taking on a leading role as the educator to the trucking and freight sector as it relates to using derivatives to hedge trucking rate and fuel cost volatility. In that regard, he has created an educational series for market participants covering the key aspects of what they need to know to properly use derivatives for hedging purposes. Gary is also the contributing editor for the “Trucking Financial Markets” content in both the weekly and monthly publications of the leading and largest logistics publication in the country – Logistics Management. The “Trucking Financial Markets” content will provide market participants with the real time insights on the trucking spot, forward and futures markets that they need to monitor on an ongoing basis. Gary is a regular speaker at industry conferences sharing his forward thinking insight.
Prior to entering into the logistics industry, Gary was a commercial real estate investment banker focused on structuring joint ventures, raising capital and selling properties and structured investment products.
A graduate of Bentley College’s Graduate School, Waltham, MA, with an MBA specializing in Finance (1988) and a graduate of Southern New Hampshire University, Manchester, NH, with a Bachelor of Science in Finance/Economics (1987). Gary resides in Atlanta, GA with his fiancé Sherry and two adult children.