Companies to US Shipping Regulator: Enough Probes, Start Enforcing
A U.S. trade group representing companies selling luggage, backpacks and other travel products has written President Joe Biden asking that regulations on shipping and other fees be strictly enforced to help bring down the cost of shipping.The Travel Goods Association, whose companies do some $1 billion in U.S. sales annually, asked for "immediate action – aggressive enforcement, leadership to bring the full gamut (of) stakeholders to the table, provide immediate relief, and more."They…
TSA Complaint Settled
The Federal Maritime Commission issued a Press Release stating that the Commission has entered into a settlement agreement with the major ocean carrier agreements and their members who serve the inbound waterborne U.S. trades with Asia, including the Transpacific Stabilization Agreement (TSA) and two TSA-related bridging agreements. The settlement addresses carrier practices and provides, among other things, for payment of $1,350,000 in lieu of a civil penalty and for the carriers to refrain from certain practices involving discussion and agreement on rates and negotiation of service contract terms particularly affecting non-vessel operating common carriers (NVOCCs). Source: HK Law
FMC, Transpacific Carriers Settle
Federal Maritime Commission Chairman Steven R. Blust announced yesterday that the Commission has entered into a settlement agreement with the major ocean carrier agreements and their members who serve the inbound waterborne U.S. trades with Asia, including the Transpacific Stabilization Agreement (TSA), and two TSA-related bridging agreements. addresses carrier practices investigated in the Commission's Fact Finding Investigation No. 25 - Practices of Transpacific Stabilization Agreement Members Covering the 2002-2003 Service Contract Season, initiated in response to a joint petition filed by the National Customs Brokers and Forwarders Association of America, Inc. (NCBFAA) and the International Association of NVOCCs (IANVOCC).
