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.”
Click for more FreightWaves articles by Noi Mahoney.
More articles by Noi Mahoney
Mexican automakers hope to fire on all cylinders in 2021
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