Asia-U.S. Carriers Plan December Rate Hike

In an effort to prematurely prevent rate erosion during the weak trade season, carriers belonging to  the Transpacific Stabilization Agreement (TSA) announced a proposed general rate increase of $1,500 per FEU on standard and high-cube refrigerated container shipments from Asia beginning January 1st.

TSA  has also proposed a rate increase of $400 per FEU for west coast U.S. imports from Asia, and $600 per FEU for all other destinations, effective December 1st.