Hyundai increasing reefer rates

Asia

Thursday, December 06, 2012

Hyundai said it will increase all refrigerated cargo rates by $1500 per unit on Jan. 1. The rate increase will apply across the board to all commodities from the U.S. and Canada to Asia including the Middle East, Indian Subcontinent and Far Eastern Russia. The South Korean carrier said it "must increase contribution margins in this market segment in order to justify the capital investment necessary to increase in our reefer fleet to keep pace with brisk market growth a...

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