We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » CMA CGM to pay bonus for quick return of empty containers

CMA CGM to pay bonus for quick return of empty containers

“Early return incentive program” could alleviate pressure on U.S. exporters and expedite the flow of goods, containership giant says.

cmacgm 1900x700_Launching Early Container Return Incentive Program.png
May 12, 2022
Supply Chain Quarterly Staff
No Comments

The French containership giant CMA CGM Group has launched an “early return incentive program” to encourage shippers to bring empty shipping containers back to port facilities more quickly, saying the move will support U.S. exporters and expedite the flow of goods.

Calling the plan a shipping industry first, CMA CGM said it would implement the Early Container Return Incentive Program at the FMS terminal in Los Angeles and all CMA CGM return locations in Chicago, Dallas, Memphis, and Kansas City, Kansas. The program will run from May 16 to July 15, with the goal of accelerating the return of empty containers and ensuring that U.S. exporters have even greater access to equipment.

The initiative comes as shippers have encountered painful supply chain delays over the past year through congestion at container ports and tight capacity in the trucking sector. Those conditions have created an imbalance in the flow of shipping containers, resulting in gluts at certain supply chain nodes and shortages at others.

Previous efforts to find solutions for the problem have included the creation of pop-up container yards near maritime facilities and the passage of an ocean shipping reform act that would assert stronger federal control over maritime carrier practices.

CMA CGM acknowledged those conditions, saying the shipping industry has experienced an unprecedented spike in demand, leading to severe congestion throughout North America’s supply chain. Exporters have been impacted particularly hard by the challenges, with the lack of equipment making it more difficult to get their goods to market in a timely manner, the company said.

“CMA CGM is committed to doing everything we can to increase the fluidity and velocity of America’s supply chain,” Ed Aldridge, President of CMA CGM and APL North America, said in a release. “Our new program will result in an incentive credit for our importers, improve equipment availability for our exporters and expedite the flow of goods into and out of America’s heartland. It’s truly a win-win for everyone.”

According to the company, its 60-day incentive program will pay $300 per dry container returned to eligible locations, resulting in approximately 43,000 dry containers being put back into circulation within 4 days of pickup on or after May 16.

This new initiative is the second incentive program implemented by CMA CGM in the U.S., following the Early Container Pickup Incentive Program the company initiated at the ports of Los Angeles and Long Beach at the end of 2021.

Port officials on the west coast applauded the program. “With this incentive program, the CMA CGM Group is facilitating a more robust flow of goods through the Port of Los Angeles and helping U.S. exporters get their product to destinations around the globe more quickly. CMA CGM has been a reliable partner to the Port of Los Angeles and a driving force for change throughout the spike in demand,” Gene Seroka, executive director of the Port of Los Angeles, said in a release.

Ocean
KEYWORDS CMA CGM Group
  • Related Articles

    CMA CGM and MSC join blockchain network for tracking containers

    Port of LA plans fees for empty containers

    CMA CGM buys last-mile delivery provider to bolster e-commerce strength

Recent Articles by Supply Chain Quarterly Staff

Freight sector missed the boat on strong U.S. economy in Q3 and Q4, FTR says

Freightos completes plan to go public on NASDAQ exchange, raises $80 million

Retailers lose visibility as they outsource last-mile delivery, FarEye says

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Forecasts call for freight rate slumps in 2023

  • Projected U.S. recession in early 2023 will soften freight market

  • Inflation drops again as interest rate hikes hit home, NRF says

  • How to avoid the next crisis: A new approach to supply chain agility

  • Five levers to build a resilient supply chain

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing