Panalpina Inc. and Panalpina FMS, Inc., each paid $150,000 to settle allegations that Panalpina permitted its subsidiary Panalpina FMS, an unlicensed forwarder to use Panalpina’s forwarding license and to collect compensation from ocean carriers. The fines also covered allegations that FMS operated without a valid license. Panalpina, Inc. is based in Morristown, N.J. The subsidiary is based in Hanover, Md.
Tecmarine Lines, a Fort Lauderdale, Fla.-based vessel operator in the U.S./Caribbean trades, paid $80,000 for allegedly allowing shippers to obtain ocean transportation for less than applicable rates on shipments transported from the United States to Trinidad from January 1998 through December 1999.
Other companies and amounts paid are: Yatari Express Co. Ltd., an OTI-NVO, $65,000; Universal Freightways Corp., an OTI located in Miami and operating as an NVO, $45,000; Newport Cargo Consolidated Inc., an OTI based in Hawthorne, Calif., and operating as an ocean freight forwarder in the transpacific trade, $45,000; Dedola International Inc., a Long Beach, Calif.-based OTI, $40,000; Interocean Lines and Trinity Shipping Line S.A., both of Miami, $30,000 each; Robert S. Rullo, doing business as ABA Forwarding, surrendered his forwarding license and paid $15,000; Signet Shipping Co., a vessel operating common carrier, based in Houston and operating in the Central America trades, $20,000.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now