News / Hapag-Lloyd the latest cost-cutting carrier to cancel forwarding agents' commission

03/12/2015

Hapag-Lloyd has become the latest container line to cut forwarding agents’ commission (FAC) as it tightens its belt for a challenging first quarter next year.

Many forwarders still rely on traditional FACs from carriers, but it is a practice that is fast dying out as the ...

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John Roberts
December 03, 2015 at 2:26 pm
If you are a forwarder who relies on 2.5% FAC on rates which aren’t much more than $500 on the FE trade then you are in trouble

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- Mike Wackett
  December 04, 2015 at 7:46 am
  Every little counts for a small forwarder John.
  My source here deals with Africa, where rates are higher and consequently a cut from 5% to 2.5% or zero has an impact.
  And clearly Hapag recognise FAC as a cost that they can now ill afford.
  
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