Essentially, all of the changes found in the new NMFC
bill of lading serve to protect the carrier.
These ratings are published in the NMFC
manual, a telephone book-sized document that is routinely used by contract trucking firms when determining rates for hauling goods from point A to point B.
Each item within the NMFC
is given a class number that can be used to determine the transportation cost of that item.
has been named as Executive Vice President and Chief Operating Officer of NMFC
Carriers subscribing to NMFC
conference rate tables based upon class, weight, and distance have been approaching 90 percent discounts off of conference published rates.
Ross: Well, we see some carriers that are already pricing off of dim costs, but backing into 'the right price' or appropriate discount in the old NMFC
9m worth of repurchases have been made by NMFC
under the program.
is a standard guide used by truckers to establish commodity classifications, as well as various rates and practices followed by motor carriers.
rates are an average of averages that include dimension, weight, value, insurance, and market factors like volume of the type of commodity.
intends to use the net proceeds from the offering primarily for new investments in portfolio companies in accordance with its investment objective and strategies.
If you are using traditional NMFC
classifications as a base for rates, and even more so if you have FAK, then shipper and carrier are making assumptions about insurance coverage.
Robert Hamwee, CEO, commented "The third quarter represented a meaningful growth phase for NMFC
, whereby we completed our first primary equity raise and largely deployed the proceeds raised, all while maintaining minimal dilution to the dividend and continuing our focus on credit quality.