Trans-Pacific Carriers to Hike Westbound Reefer Rates

11/23/2011 10:10:29 AM

Shipping lines that carry U.S. exports to Asia intend to increase their refrigerated container rates effective Jan 1. to cover higher equipment and operating costs during the historically slow season. The Westbound Transpacific Stabilization Agreement, a discussion group of 10 carriers in the trade from U.S. to Asia, said its member lines intend to increase rates on reefer cargo by $300 per 40-foot equivalent unit. The Journal of Commerce Online

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