Later this year, Redwood Logistics intends to provide its customers with emissions tracking technologies as well as the possibility to acquire verified carbon offsets. The Chicago-based company announced on Wednesday that its Redwood Hyperion platform will automate thorough load-by-load emissions calculations using data from its logistics platform as a service...
To settle the detention and demurrage case, Hapag-Lloyd will pay $2 million.
Hapag-Lloyd said it was "pleased" with a deal agreed with the Federal Maritime Commission to pay the US government a $2 million civil penalty to address alleged Shipping Act violations connected to its detention and demurrage policies. The FMC's Bureau of Enforcement (BOE) and Hapag-Lloyd reached an agreement in mid-May...
Early termination clauses are a thorn in the side of parcel shippers.
Early-termination agreements, which penalize parcel shippers for diverting traffic from their carriers and causing volumes to fall below contractually predetermined levels, have been in place for many years. They become more common around a decade ago. They have become a contract mainstay since 2020, when the parcel-delivery sector became a...