Drayage, Logistics Industry
Demurrage and detention are terms that play a big role in the economics and efficiency of your shipping operations. At FMI, we understand that effective management of these charges is not just about cost control—it’s about strategic logistics planning that keeps...
Drayage, Logistics Industry, Supply Chain
The freight industry is undergoing some notable changes in 2024, particularly with the Federal Maritime Commission’s (FMC) recent regulations and rules. These rulings include new regulations that refine demurrage and detention billing practices, explicitly...
Drayage, Freight, Supply Chain
The global shipping container shortage of 2020 and 2021 is having huge effects on shipping and container prices. It’s causing delays in deliveries and increased costs for exporters. You may be asking why the shipping container shortage is so profound and how we ended...
