ILTA Monthly Newsletter
 

STB Issues Final Demurrage Billing Rule Favorable to the Terminal Industry

Print this Article | Send to Colleague

In a victory for the terminal industry, the U.S. Surface Transportation Board on April 30 finalized its regulation that allows warehousemen/terminals and shippers to agree to and notify Class I railroads that shippers should be billed for rail demurrage. The other part of the proposed billing rule addressed information requirements for demurrage bills. The board has issued a supplemental proposal to make some additions to the information to be included with demurrage invoices. On May 1, Kathryn Clay lauded the move in a press statement. “We appreciate the Board’s willingness to address the unintended consequences brought about by the 2014 regulations concerning the assessment of demurrage charges,” Kathryn said. “This new rule will bring greater fairness and clarity to the assessment and collection of demurrage charges.”

 

Back to ILTA Monthly Newsletter

Share on Facebook Share on Twitter Share on LinkedIn