APL announces global hike in reefer rates

Transportation

Tuesday, November 20, 2012

APL said it plans to hike refrigerated container rates globally by $1,500 on Jan. 7. "Rates are currently at unsustainable levels, and we face the challenge of escalating operational costs, which show no signs of abating," the Singapore-based carrier said. APL's action follows similar decisions to hike reefer rates by other carriers, including Maersk. ...

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