In the latest episode of "The Freight Caviar Podcast", we sit down with Cameron Ramsdell, the CEO of Armstrong Transport Group. He discusses strategies for protecting your business against fraud and how he grew Armstrong by 60% in one year.
Plus: Trump eyes Panama Canal takeback, US imports surge 12.3% YoY, Hyzon plans liquidation, and more.
Plus: Universal bought Parsec amid layoffs, CA ports reported a record-breaking year, FedEx split off its LTL division, and more.
The FMC investigates MSC over alleged overcharges exceeding $2m in demurrage and detention fees, following claims of unfair shipping practices during the pandemic.
The Federal Maritime Commission (FMC) is investigating claims that the shipping company MSC overcharged customers by more than $2 million for demurrage and detention (D&D) charges. After a 2021 FMC audit of MSC’s D&D charges, key findings included:
MSC was alleged to be misapplying operating reefer rates to non-operating reefers (NORs) as a “normal and customary” practice, contrary to what the carrier communicated through its US agent. This investigation follows the FMC’s increased scrutiny of carriers it believes exploited shippers during the pandemic, seeking to address and rectify "unfair practices" in the industry.
For comparison, Hamburg Süd was ordered to pay $9.8 million to OJ Commerce for refusing contracted cargo space, while Bed, Bath & Beyond is pursuing a $38 million claim against OOCL.
Source: The Loadstar
Shipping groups urge governments to intervene as Houthi attacks claim more lives and send freight rates soaring. Second vessel sinks in Red Sea.
East Coast port strike looms while LA imports fall slightly. But bigger storm brewing as ocean freight rates could hit $20,000 per container.
Container rates hit new highs, causing shipper worry. With tender rejections in LA hitting 2-year highs, FreightWaves' Craig Fuller is "bullish" on 2H recovery.
Plus, the Port of Los Angeles posted its 11th straight month of year-over-year gains in exports, processing 770,337 total TEUs, up 12% from last year.
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