Wicker Supports New FMC Guidance to Improve Freight Fluidity

We applaud Chairman Wicker for his leadership and responsiveness during the development and finalization of the Federal Maritime Commission’s revised guidance on demurrage and detention.  The final rule, “Docket No. 19-05, Interpretive Rule on Demurrage and Detention under the Shipping Act”, will become effective upon its publication in the Federal Register. 

Please see the following press release expressing Wicker’s support, including ACSA stimulated actions engaging the Memphis Supply Chain Innovation Team and the creation of a Shipper Advisory Board.   Chairman Wicker’s support was instrumental in advancing this guidance which will create efficiency and fairness in the supply chain.  We are grateful for his support.

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Please click below for details regarding the effective date and compliance dates for the U.S. Commodity Futures Trading Commission’s final rule, Position Limits for Derivatives. Provided by: Delta Strategy Group. More Here.

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The American Cotton Shippers would like to thank USDA’s Farm Service Agency for extending the marketing assistance loans (MALs) for non-recourse loans from 9 to 12 months. See notice below. More Here

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