Stop Throwing Cash Overboard: How to Avoid Demurrage and Detention Fees

Posted by Kelsey Barker

Chances are, you’re not the only one looking to reduce demurrage and detention fees. Recently, a coalition of shippers, freight forwarders, and intermediaries urged US maritime regulators to make it easier to challenge congestion-related fees that container lines and marine terminals impose for delays that were out of their control. Terminals responded that it would cause chaos at the ports. Just this past Monday, the Federal Maritime Commission (FMC) voted unanimously to investigate further the concern of the coaltion, a welcome validation for shippers in the wake of ever-increasing volume, labor disputes and port congestion.

The FMC will discuss whether policy is needed to prevent what the coalition of shippers deemed “unfair” assessment of free time-related fees. While detention and demurrage fees have rarely been light for importers, recent instances of extreme port congestion – such as the aftermath of liner carrier Hanjin Shipping’s sudden bankruptcy, or the West Coast longshoreman’s strike in 2014 and 2015 – have exacerbated the issue. And container volume continues to rise faster than port terminals can expand.

Of course, importers and exporters will continue to rack-up large fees while the FMC slowly deliberates. But demurrage and detention fees are more than just a “cost of doing business”; they often trigger a ripple effect that throws exception into the planned supply chain flow. These exceptions lead to additional costs that add up. While many freight managers accept them as a line item, they have a detrimental impact of the bottom line.

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Topics: Landed Cost Calculation, Invoice Management, Contract & Rate Management, Carrier Selection & Booking, Transportation Management, Freight Forwarder Collaboration

Controlling Shipping Costs via Multi-Modal Freight Rate Visibility

Posted by Gary M. Barraco

Amber_Road_Multi_Modal_Transportation_Mangagement.pngThe Amazon disruptive effect has put an ever-growing strain on supply chain professionals to ensure inventory availability across a broader network of distribution points, along with the capabilities to get product to the consumer in days - if not less. This weight bears down on every step of the shipment process to ensure reliability and accuracy. Smart logisticians are properly orchestrating the fastest and cheapest means of moving goods from factory to consumer. But it isn’t simple....

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Topics: Invoice Management, Contract & Rate Management, Carrier Selection & Booking

Demurrage & Detention: The Cash Opportunity of Logistics

Posted by Chester Yavari

"Free time" is often viewed as a luxury that we as human beings look as a time of relaxation, however in the world of global trade it costs about $35 million dollars in demurrage and detention, which are completely avoidable and preventable fees. These fees result in delayed deliveries and payments, lost sales, and lack of product availability for organizations facing congested ports and poor data analytics to help avoid these fines.

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Topics: Rate Management, Contract & Rate Management, Transportation Management

Video Series Chapter 4: Logistics

Posted by Joseph Gabro

Continued from Chapter 3: Risk & Quality Management

Transporting goods internationally requires a carefully coordinated approach. Multiple hand-offs and responsibilities across borders and trading partners add both cost and complexity. If you don’t have the right processes in place (and the tools to support them), your bottom line will suffer.

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Topics: Rate Management, Contract & Rate Management, Transportation Management, Supply Chain Visibility

Trek Bikes Streamlines Global Trade Operations with Amber Road Solution

Posted by Kelsey Barker

Trek Bikes, a major bicycle and cycling product manufacturer and distributor, has shifted its supply chain visibility and product classification into high gear with Amber Road's Trade Automation solution, aiming to lower landed costs and manage global trade.

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Topics: Contract & Rate Management, Supply Chain Visibility, Product Classification, Order and Shipment Visibility

Solving the Global Transportation Puzzle: Strategies to Optimize Profits

Posted by Colleen Bush

Every U.S. organization involved with global transportation management is faced with what seems to be an ever-shifting puzzle of regulations, compliance hurdles, and carrier networks that are now stressed to balance capacity, costs and service.

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Topics: Rate Management, Contract & Rate Management, Transportation Management

Upcoming Webinar: How Bolloré Logistics Expedited Rate Quotes and Reduced Transportation Costs

Posted by Colleen Bush

Global transportation isn’t getting any easier to manage, especially for non-vessel operating common carriers (NVOCCs). Faced with uncertainties like surcharges—but needing to remain competitive when bidding against other providers—NVOCCs need the right mix of historical data, data intelligence, and technology support to make quick and effective decisions in the changing global market.

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Topics: Rate Management, Contract & Rate Management, Transportation Management

Upcoming Webinar: Are You Prepared for the SOLAS Container Weight Rule?

Posted by Colleen Bush

July 1 is the day of reckoning for millions of global supply chain stakeholders as the SOLAS Verified Gross Mass (VGM) rule goes into effect. Are you prepared to comply with the new regulation?

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Topics: Invoice Management, Contract & Rate Management, Transportation Management

Best Practices in International Logistics

Posted by Colleen Bush

In this era of globalization, it’s no surprise that companies are moving their operations to low cost suppliers. However, many of these organizations are finding that higher than expected transportation expenses end up outweighing the benefits. In fact, according to Aberdeen Group research, international shipments cost twice as much, take five times as long and have five times more variability than domestic shipments.

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Topics: Invoice Management, Rate Management, Contract & Rate Management, Transportation Management

OHL Optimizes International Contract Management with Amber Road

Posted by Kelsey Barker

OHL, a leading global third party logistics provider (3PL), has renewed its license of Amber Road’s International Transportation Management solution (ITM). The enterprise solution enables OHL to effectively manage its international portfolio of service contracts, service agreements, rate sheets and variable carrier accessorials.

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Topics: Landed Cost Calculation, Amber Road News, Contract & Rate Management, Carrier Selection & Booking, Transportation Management