Remember time is money in the shipping business and any delay can cost the company a substantial amount of money. As these cost increase it simply get too expensive. Often the expenses reach a point where it is easier and cheaper to just abandon it.
Now if you are thinking about buying up some unclaimed freight and hoping to make your fortune it isn’t that simple. You must be familiar with the law (each state is different, and the federal law). Each shipping company has their own set protocol as well. Now when a shipping company decides to get rid of a container (or the cargo inside) they have one intention in mind and that is the recovering of their cost.
Anything they make after that is a bonus. Sometimes there are more parties involved, banks, lien holders, and other interested parties.
This is especially true when bankruptcy is involved. After all they want to get their investment back as well.
Source: www.millelacscountytimes.com
So if you are still interested in buying and selling unclaimed freight the best place to start would be to track down the appropriate person within the shipping company. Sometimes you can do this by simply calling the company, other times you will need to know who to ask for.
