Comment / Market Insight: Q&A with Ocean Audit’s Steve Ferreira – every little million dollars helps in a late cycle

Steve Ferreira, the founder of Connecticut-based Ocean Audit, told me he “has the hardest, yet easiest job in the industry”: convincing beneficial cargo owners (BCOs) that they have left significant ocean freight overcharges in the hands of their vendors.

Mr Ferreira uses machine learning to recover top dollars “in ocean freight invoices up to five years old”, but he is also adept at pitching executives, solving problems they often underestimate.

What may sound incredibly boring – pre-audits, freight payment audits, post-audits, as well as dealing with ...