In the latest episode of "The Freight Caviar Podcast", we sit down with Andy Hedrick, CEO of Green Path Tech. He shares insights on how your business can be more sustainable, and talks about their fuel-saving technology.
In a bold legal move, Bed Bath & Beyond's bankruptcy estate files a heavy $316 million claim against Mediterranean Shipping Co. (MSC), the world's largest ocean carrier, alleging significant damages and seeking double due to purportedly willful misconduct.
Contract Shortfalls: Citing an under-delivery of 1,686.5 FEUs, BBBY claims replacement costs exceeded $7.2 million beyond the contract rates.
Lost Profits: An "astronomical" $112.8 million in profits were allegedly lost due to MSC's service shortfall.
BBBY accuses MSC of coercing extracontractual surcharges, leading to overpayment, and unjust detention and demurrage charges amid unavoidable port congestion. MSC refutes all allegations, setting the stage for a landmark shipping law dispute. This lawsuit could redefine carrier-shipper dynamics and ripple through the logistics industry.
Bankruptcy estate of Bed Bath & Beyond alleges it suffered $158 million in damages from MSC’s actions during the supply chain crisis, and is seeking double damages due to alleged “willful retaliatory conduct.” https://t.co/XD5lpbPhgq
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
FreightWaves announces the 2024 Shipper of Choice winners, honoring 25 top companies like Agri-Mark and ALDI for their exceptional logistics partnerships.
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