French ocean carrier CMA CGM is raising rates on U.S. exports on the transpacific and transatlantic lanes.
From Sept. 1, rates will rise $150 per TEU and $300 per 40-foot equivalent unit for cargo departing terminals in Houston and Mobile on transpacific services. For all other U.S. ports, the rate hike is $25 per TEU and $50 per FEU. For cargo from inland point intermodal origins, the increase is $50 per TEU and $100 per FEU.
On transatlantic services, the increase is $240 per TEU and $300 per FEU for all container yard-to-container yard and inland point intermodal cargo.
CMA CGM said in a statement that the rate hike is needed to bring compensation “to a more sustainable level.”
A host of carriers, including the 10 members of the Westbound Transpacific Stabilization Agreement, have sought rate increases on U.S. export shipments.
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