Tuesday, August 30, 2011

Pentagon pays $720M in late fees for storage containers

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The containers — large metal boxes stowed on ships and moved from port on trucks — are familiar sights on bases in Iraq and Afghanistan where troops use them for storage, shelter and building material. Yet each 20-foot container returned late can rack up more than $2,200 in late fees. Shipping companies charge the government daily "container detention fees" after the grace period ends for the box to be returned.
The $720million represents a thin slice of the Pentagon's $553billion budget. Yet military spending is under intense scrutiny as the Defense Department has been ordered to trim $350billion in spending over the next 10 years and could face steeper reductions from budget cutters.

Posted via email from Inspiration

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