Now with interest rates going up rather than down, however, we are finding a swing from [discrepancies resulting in] just overcharges to undercharges.
Although no industry statistics are available on the dollar volume of undercharges or overcharges, or on the number of errors discovered, we can only assume that the problems will be exacerbated as the total number of ARMs outstanding grows.
Shippers complained that Maislin was unfair and inefficient, while most solvent carriers faced a dilemma: "should a carrier collect the undercharges and risk the loss of future business from the shipper"?
Under the negotiated rate policy, it was possible the ICC would find that no valid negotiated rate existed, and would award the undercharges to the carrier.
A carrier that decides to pursue a shipper for undercharges will lose not only that customer but others, as the fallout from its action discourages customers from using the carrier.
4 Schulz, "ICC makes 'conservative' estimate of undercharges -- over $27 billion.
NBWA) president Ronald Sarasin called last week for a legislative solution to the problem of motor carrier rate undercharge
liability currently facing a number of beer distributors.
The investigation found overcharges on 29 percent of merchandise tested at 10 Kmart stores, and undercharges
on 4 percent.
have attempted to disclaim a tariff the carrier had on file with the ICC and seek undercharges
from thousands of shippers.
29, but there were more undercharges
Other in Addbacks are difference on the rent plus one time payment to Jobber for prior undercharges
Other in Addbacks are rent plus one time payment to Jobber for prior undercharges