WTSA seeks rate hikes in July

Asia

Monday, June 04, 2012

Container lines in the U.S. export trade to Asia said Friday they are seeking a new round of dry cargo rate increases from July 1. The recommended rate increases from members of the Westbound Transpacific Stabilization Agreement (WTSA) are $50 per 40-foot container from California ports and $100 per FEU for all other intermodal and all-water shipments, with proportionate increases for other equipment sizes and cargo otherwise rated. WTSA executive administrator Br...

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