Ocean Shipping Reform Act

Freight economist to government: Stay out of ocean shipping mess

Cranes lifting containers off a vessel onto shuttle tractors.

Calls for the U.S. government to regulate the shipping industry in response to massive delays, insufficient vessel and container capacity, skyrocketing transport rates and terminal late fees are misguided because conditions are the result of overwhelming consumer demand and unusual supply volatility caused by COVID, a leading freight economist said Wednesday.

“You’ve got an industry in freight movement that grows at a 3% to 5% pace a year. All of a sudden you have this surge of 20% in volumes....

https://www.freightwaves.com/news/freight-economist-to-government-stay-out-of-ocean-shipping-mess

Exporters ratchet pressure on Biden to take on shipping challenges

A historic peak shipping season with significant container ship backlogs is being used by a coalition of U.S. agricultural exporters to promote regulatory changes attempting to rein in alleged abuses by container carriers.

In a letter sent to the White House on Monday, 76 groups representing various agricultural export commodities warned that steps taken so far by the Biden administration to address the problem are not enough. They claim that operational tactics that carriers continue to employ...

https://www.freightwaves.com/news/exporters-ratchet-pressure-on-biden-to-take-on-shipping-challenges

Intermodal Summit: Ocean shipping reform can create proactive supply chains

This fireside chat recap is from FreightWaves’ Intermodal Summit.

FIRESIDE CHAT TOPIC: How the Ocean Shipping Reform Act could affect drayage operations

DETAILS: Nimesh Modi, CEO of drayage marketplace BookYourCargo (BYC), dives into the Ocean Shipping Reform Act that would require common ocean carriers to adhere to best practices and regulations around detention and demurrage charges. Modi describes the problems this reform would help solve and how technology could improve from transparency of...

https://www.freightwaves.com/news/intermodal-summit-ocean-shipping-reform-can-create-proactive-supply-chains

NCBFAA’s 35-year general counsel retires

NCBFAA

Ed Greenberg plans to retire as general counsel for the National Customs Brokers and Forwarders Association of America (NCBFAA) at the end of December after 35 years of representing the ocean freight transportation intermediary industry in Washington.

Greenberg, 78, made the decision four weeks ago after spending the past six months working from his home office and enjoying the presence of his 2-year-old grandson.

“It had never occurred to me. I had no interest in retirement,” Greenberg told...

https://s29755.pcdn.co/news/ncbfaas-35-year-general-counsel-retires

3PLs frustrated by ocean service contracted rate upheaval

Federal Maritime Commission

For many U.S. freight forwarders and consolidators moving freight during the coronavirus pandemic, it is as if the container-shipping rates of their initially contracted transport arrangements with the ocean carriers are no longer valid.

The National Customs Brokers and Forwarders Association of America (NCBFAA) has voiced this concern to the U.S. Federal Maritime Commission (FMC) in a recent white paper and asked the agency to launch an investigation. The FMC is tasked with monitoring the...

https://s29755.pcdn.co/news/3pls-frustrated-by-ocean-service-contracted-rate-upheaval

+ More