CMA CGM hikes Med-to-U.S. East Coast rates

4/6/2009 9:55:00 AM

CMA CGM has announced a general rate restoration on cargo moving between ports on the Mediterranean and the U.S. East Coast. Effective May 1, CMA CGM said it would boost rates $150 on 20-foot containers and $250 on 40-foot containers.   The decision follows a rate hike by the French carrier on many other routes that went into effect April 1. It also said last month it would "firmly follow the rate restoration quantum implemented by TSA members as from May 1 on the eastbound leg" of the transpacific.   American Shipper

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