HANJIN's BANKRUPTCY * USA: Harms drayage truckers
* California - Hanjin could cost US truckers thousands of dollars
--- Trucking companies that regularly hauled containers for Hanjin Shipping may end up losing tens of thousands of dollars as Hanjin’s bankruptcy unfolds unless they can get beneficial cargo owners to pay for the shipments they carried from the port of entry to the customers’ warehouses... Truckers may have a problem getting paid, however, because BCOs in many instances already paid the shipping lines for the truck moves in an arrangement known as store-door pricing. Under store-door, the BCO pays the shipping line a single rate for carrying a container from the overseas port to the US port and then moving it by truck to the BCO’s warehouse. If a trucker now approaches the customers for reimbursement, the BCO is being asked to pay a second time for the truck move... Since Hanjin on Aug. 31 filed for bankruptcy protection in South Korea, handling Hanjin containers has become a problem, and the problem is widespread. Port and trucking sources estimate there are 8,000 to 10,000 Hanjin containers in Southern California alone... The National Retail Federation is closely following the Hanjin developments, but Jonathan Gold, vice president of supply chain and customs policy, said member companies are dealing directly with individual truckers on Hanjin issues...
(Photo: The challenges of the Hanjin Shipping collapse are often unique to the position of actors in the supply chain) -- Los Angeles, CAL, USA - JOC, by Bill Mongelluzzo - Sep 28, 2016
Labels: trucking industry news USA