Household Goods: Adjustment of DOD's Shipping Rates Based on Foreign Currency Fluctuation
Abstract
On October 19, 1984, the Military Traffic Management Command (MTMC) informed the commercial household goods moving and storage industry that it was discontinuing its foreign currency rate adjustment program effective April 1, 1985. Under the program, MTMC had allowed companies transporting Department of Defense (DOD) household goods shipments to adjust their otherwise contractually-fixed shipping rates weekly to compensate for fluctuations in foreign currency exchange rates. When the U.S. dollar fell in value against foreign currencies, MTMC authorized the companies to raise their rates. When the dollar rose in value, it required the companies to refund a portion of their charges to DOD.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 30, 1988
- Accession Number
- AD1170719
Entities
People
- Frank C. Conahan
Organizations
- United States Government Accountability Office