Monday, December 8, 2014
Top Story
TSA recommends Dec. 15 general rate increase
Member container lines in the Transpacific Stabilization Agreement have announced a $1,000-per-FEU recommended general rate increase, effective December 15, due to stronger than expected holiday traffic and related service demands.
TSA cited press reports of double-digit import growth in September and October, and forecasts of continued market momentum through the rest 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 U.S.
TSA member lines include APL, China Shipping Container Lines, CMA CGM, COSCO, Evergreen Line. Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, Kawasaki Kisen Kaisha, Ltd. (K Line), Maersk Line, MSC, N.Y.K. Line, Orient Overseas Container Line, and Yangming Marine.
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