MEMBER lines of the Transpacific Stabilisation Agreement (TSA) are to exact US$1,000 per FEU general rate increase (GRI) on December 15 for all origins and destinations, reflecting stronger than expected holiday traffic.
TSA cited press reports of double-digit import growth in September and October, and forecasts of continued market momentum through the remainder of the year. As in recent years, the holiday retail season is likely to extend into January via gift cards and post-holiday sales promotions.
"With rates as low as they have been since 2011," said TSA executive administrator Brian Conrad, "lines have steadily reduced and consolidated services; they continue to play catch-up as demand ramps up beyond what had previously been expected."
TSA is a research and discussion forum of major container shipping lines serving the trade from Asia to ports and inland points in the US More information on TSA is available online at www.tsacarriers.org.
TSA members include APL, "K" Line, China Shipping, Maersk, CMA-CGM, MSC, Cosco, NYK, Evergreen Line, OOCL, Hanjin, Yangming, Hapag-Lloyd and Zim.
WORLD SHIPPING
04 December 2014 - 22:02
TSA sets US$1,000/FEU rate hike on any box going anywhere December 15
MEMBER lines of the Transpacific Stabilisation Agreement (TSA) are to exact US$1,000 per FEU general rate increase (GRI) on December 15 for all origins and destinations, reflecting stronger than expected holiday traffic.
WORLD SHIPPING
04 December 2014 - 22:02
TSA sets US$1,000/FEU rate hike on any box going anywhere December 15
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