U.S. military pays $610 million in Afghan war 'late fees'
Our take: Though it may be difficult to remove materiel from Afganistan, the U.S. military seems to have made a poor decision in its shipping matters.
The US military squandered more than $610 million in late fees over the past decade by failing to return rented shipping containers in Afghanistan on time, according to a data point buried at the bottom of a USA Today story.
According to this website specializing in shipping container sales, the cost of a new 40-ft.-high cube runs $5,000 or more, with used versions starting at $3,000. A hundred thousand new containers would cost just north of $500 million, considerably less than the cost of the late fees let alone the original cost of renting them.
- 11 best—and worst—state tax systems
- Scotland votes to remain part of United Kingdom
- Review: Larger iPhones eliminate reason to...
- Iranian youth behind 'Happy' video sentenced
- How much America wants to be taxed
- 'Gotham' actor's Penguin inspired by DC Comics
- Chiefs' Reid dedicated to domestic abuse victims
- Fence-jumper made it through front door of...
- US wealth gap putting the squeeze on... 27
- Striking or spanking a child is not a... 19
- President Obama: Ebola outbreak a... 15
- Chicago, NY, Hawaii on Obama library's... 12
- School police stock up on free military... 11
- Yellen says US families need to boost... 10
- US won't rule out working with Iran... 7
- Gamers use police hoax to lash out at... 6