Evergreen Increases Asia-Europe Rates

1/9/2010 10:01:52 AM

Evergreen Line has announced another rate increase on all westbound cargo moving from the Far East, Japan and the Indian subcontinent to Europe and the Mediterranean.   The new increase of $250 per 20-foot container will take effect on Feb. 1 on all cargoes and commodities, including temperature-controlled and reefer freight.   The increase, which Evergreen said was a further step in its “rate restoration program,” follows its Nov. 1 rate increase of $200 per TEU on the same trade lane.   Carriers have been increasing rates on the Asia-Europe trade since last fall to stem the losses they suffered last winter in the wake of a fierce rate war that resulted in several smaller carriers pulling out of the trade altogether.   The Journal of Commerce Online

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