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TSA hiking TP, reefer rates in coming weeks

Asia

Wednesday, October 31, 2012

Container line members of the Transpacific Stabilization Agreement have recommended a rate increase from Dec. 1, ahead of a previously announced increase on rates for new contracts negotiated now through May, the TSA said Tuesday. The lines will seek rate increases of $400 per FEU to the U.S. West Coast and $600 per FEU for all other destinations. TSA member Maersk Line announced its Dec. 1 rate hike this week . TSA said the Dec. 1 increases are advised “to establish a...

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