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Logistics
US Surface Transportation Board targets rail demurrage
Date:2021-08-06 Readers:
THE US Surface Transportation Board (STB) wants the railways to explain their demurrage charges in response to shipper complaints, reports IHS Media.

STB chairman Martin Oberman sent a letter to the heads of all the major Class I railways just two days after the Federal Maritime Commission (FMC) told the top nine container lines operating on US trades it will begin auditing how they bill for demurrage and detention.

US regulators are stepping up their monitoring after the Biden administration on July 9 issued an executive order targeting container shipping and railways, though the latter was centred around giving more shippers access to more than one railway.

"Complaints of demurrage have come from shippers, both large and small, in addition to third-party logistics providers. I am particularly troubled about reports that Class I railroads are continuing to impose these charges even in circumstances when the receivers, as a practical matter, have no means to facilitate the release of their containers," Mr Oberman wrote

"Under these circumstances, demurrage fails to provide any constructive incentives, and perversely results in massive charges that can exceed the commercial value of the shipment," he said.

Record Asian imports that began in the spring of 2020 have overwhelmed marine terminals and rail ramps, preventing importers from picking up cargo before their so-called free time runs out, exposing them to demurrage billing.

https://www.shippingazette.com/menu.asp?encode=eng

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