Shipping lines that carry U.S. exports to Asia intend to increase their freight rates effective April 1 in a continuing attempt to recover from last year's recessionary rate levels.
The Westbound Transpacific Stabilization Agreement, a discussion group of 10 carriers in the trade from the U.S. to Asia, said its member lines intend to increase rates on dry cargo by $300 per 40-foot container and $240 per 20-foot container.
The WTSA also announced voluntary guidelines for refrigerated cargo. Reefer shipments from West Coast ports would increase by $300 per FEU and $240 per TEU. Reefer shipments on all-water services from the East Coast and intermodal rail shipments from inland destinations would increase by $500 per FEU and $400 per TEU.
The Journal of Commerce Online
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