CMA CGM Launches Early Container Return Incentive Program
May 16, 2022
The CMA CGM Group will implement the
shipping industry’s first Early Container Return Incentive Program at
the FMS terminal in Los Angeles and all CMA CGM return locations in
Chicago, IL; Dallas, TX; Kansas City, KS; and Memphis, TN. The program
will begin on May 16, 2022, and continue until July 15, 2022, with the
goal of accelerating the return of empty containers and ensuring U.S.
exporters have even greater access to equipment.
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.
CMA CGM’s new 60-day incentive program is projected to result in approximately 43,000 dry containers being put back into circulation within 4 days of pickup on or after Monday, May 16, 2022.
Calculation of incentive credits on a weekly basis with a credit memo issued every 14 days to each applicable importer of record (consignee listed on the Bill of Lading).
Utilization of EDI transaction data to assess credit, thus no additional documentation required from customers.
This new initiative is the second incentive program implemented by CMA CGM in the USA, following the Early Container Pickup Incentive Program the Group initiated at the ports of Los Angeles and Long Beach at the end of 2021.
Ed Aldridge, President of CMA CGM and
APL North America, said: “CMA CGM is committed to doing everything we
can to increase the fluidity and velocity of America’s supply chain. 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