USMX Animated PDFs

2021 USMX Annual Report

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2 0 2 1 U P D A T E C C C S E R V I C E C O R P O R A T I O N CCC SERVICE CORP. ( CCCSC ) is a division of USMX and is responsible for providing essential services, such as member assessments reporting, service agreements, managed services and information technology services, for USMX and its various Master Contract Trust Funds. Member Assessments Reporting CCCSC is responsible for the administration of the reporting and payment of Master Contract assessments by USMX's members. CCCSC, in conjunction with the Container Royalty Central Collection Fund (CRCCF), has successfully transitioned all major carriers over to CRCCF's central collection reporting system. Currently, the receivables rate achieved by the centralized collection process stands 41 days, three higher than the 38-day target rate. Service Agreements CCCSC has established Service Agreements with the following organizations, trust funds and programs: n Management-ILA Managed Healthcare (MILA) Trust Fund n Carrier-ILA Container Freight Station (CFS) Trust Fund n Carrier-ILA Container Royalty (CR4) Trust Fund n Carrier-ILA Container Royalty 5 (CR5) Trust Fund n Container Royalty Central Collection Fund (CRCCF) n Shipping Industry Mutual Assurance Association Limited (SIMAS) n New York Shipping Association Port of Discovery (NYSA POD) Program n USMX-ILA Money Purchase Fund & Plan (MPP) MANAGED SERVICES PROVIDER CCCSC provides payroll, general accounting and financial reporting services for itself, USMX, CRCCF, CFS, CR5, CRF, MPP and CPR along with IT administration for itself, USMX and CRCCF. In 2021, the IT group upgraded all MS-365 licenses to E5 to leverage enhanced security features. Installed high availability firewalls. Installed eSentire Cyclops device to provide managed threat detection and protection along with other security detection hardware and soMware. NOTABLE ACCOMPLISHMENTS CCCSC has maintained long-term success with regard to headcount productivity and financial management: n Headcount productivity continues to increase; there has been staff reduction of four over the last twelve years, with tonnage increasing 57% over the same time period. n USMX/CCCSC financial results continue to meet or exceed budget guidelines by nearly 14%, while maintaining the USMX operational assessment at $0.04 per ton since 1/1/16. n During the Pandemic there was no disruption in services provided by CCCSC. n For the second year in a row the annual financial audits were successfully performed virtually without a hiccup. U S M X 2 0 2 1 A N N U A L R E P O R T / 3 1 CCC Service Corporation Staff Center: Anthony Dalonges, President; L to R: Maria Ouzounis, Manager, Joseph Marino, Controller, Rachel Kane, Application Support Specialist, Kelly Ann Ryan, Executive Assistant, Richard Glogowski, Assistant Controller, Diane Trapp, AP/AR Specialist

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