CMA CGM pays million-dollar fine for overcharging on freight

 CMA CGM pays million-dollar fine for overcharging on freight            

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CMA CGM has been fined by the U.S. Federal Maritime Commission (FMC) for overcharging on freight. The French company, along with two other firms that received smaller fines, has stopped the practice and adjusted its U.S. tariff rules to ensure compliance moving forward. The fine imposed on CMA CGM by the U.S. Federal Maritime Commission (FMC) for overcharging on freight is a significant unforced error. This type of error typically arises from internal lapses, such as inadequate oversight or mismanagement of pricing strategies. It reflects a failure to comply with regulatory standards, leading to financial penalties and potentially damaging the company's reputation. Such errors underscore the importance of robust compliance mechanisms to avoid similar issues in the future.

 

CMA CGM pays million-dollar fine for overcharging on freight (shippingwatch.com)