• ITVI.USA
    15,054.650
    35.920
    0.2%
  • OTRI.USA
    25.630
    0.010
    0%
  • OTVI.USA
    15,039.070
    31.410
    0.2%
  • TLT.USA
    2.670
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.930
    0.130
    4.6%
  • TSTOPVRPM.CHIATL
    3.250
    0.060
    1.9%
  • TSTOPVRPM.DALLAX
    1.440
    -0.030
    -2%
  • TSTOPVRPM.LAXDAL
    2.830
    0.020
    0.7%
  • TSTOPVRPM.PHLCHI
    2.190
    -0.080
    -3.5%
  • TSTOPVRPM.LAXSEA
    3.420
    0.140
    4.3%
  • WAIT.USA
    124.000
    0.000
    0%
  • ITVI.USA
    15,054.650
    35.920
    0.2%
  • OTRI.USA
    25.630
    0.010
    0%
  • OTVI.USA
    15,039.070
    31.410
    0.2%
  • TLT.USA
    2.670
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.930
    0.130
    4.6%
  • TSTOPVRPM.CHIATL
    3.250
    0.060
    1.9%
  • TSTOPVRPM.DALLAX
    1.440
    -0.030
    -2%
  • TSTOPVRPM.LAXDAL
    2.830
    0.020
    0.7%
  • TSTOPVRPM.PHLCHI
    2.190
    -0.080
    -3.5%
  • TSTOPVRPM.LAXSEA
    3.420
    0.140
    4.3%
  • WAIT.USA
    124.000
    0.000
    0%
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GSCW chat recap: Expect detention and demurrage discussion during contract talks

‘This market has sort of driven us to the point that if I don’t have it on the shelf, I’m doing my company a disservice’

This fireside chat recap is from Day 8 of FreightWaves’ Global Supply Chain Week. Day 8 focuses on global maritime logistics.

FIRESIDE CHAT TOPIC: Crafty ideas for beneficial cargo owners (BCOs) for next-gen contracting

DETAILS: What should a BCO be focusing on during the contract negotiation season? 

SPEAKERS: Steve Ferreira, CEO of Ocean Audit, and Jack Conaghan, AutoZone’s director of logistics

BIOS: Ferreira founded Ocean Audit, a company that focuses on auditing the ocean freight supply chain to discover invoice errors, in 1994. As AutoZone’s director of logistics, Conaghan’s role encompasses small parcels, domestic transportation, international logistics and customs compliance.

KEY QUOTES FROM CONAGHAN 

“This market has sort of driven us to the point that if I don’t have it on the shelf, I’m doing my company a disservice.” 

“If you’re the person within your organization that is charged with negotiating [maritime] contracts, you really need to get a handle on what was your previous year’s volumes, not only overall, but also by what port did it come out of? What container sizes did you utilize and what ports did you ship into?”

“Detention free time/demurrage will be a big part of the contract [in 2021]. I do think that the carriers probably are going to be looking to … diminish your free time. If it’s a new carrier, they’re going to come out of the box with minimal free time. Carriers are looking to get that container into the U.S. and back out of the U.S. so that they can get another turn on it.”

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Noi Mahoney

Noi Mahoney is a Texas-based journalist who covers Mexico cross-border trucking, logistics and trade for FreightWaves. He graduated from the University of Texas at Austin with a degree in English in 1999. Mahoney has more than 20 years experience as journalist, working for newspapers in Florida, Maryland and Texas. Contact nmahoney@freightwaves.com