News
The Transpacific Stabilization Agreement （TSA） has announced their plan to individually raise all-in freight rates and charges by a minimum of US$400 per FEU effective January 1, 2012.
''Rate levels during 2011 have steadily eroded despite rising inland transport, cargo handling and other costs. Now, carriers are seeing stronger US holiday season cargo volumes on the heels of positive economic GDP and retail sales data, as well as robust forward bookings leading into the early Lunar New Year factory holidays in Asia. As carriers look toward building a platform for the 2012-13 contract cycle, the feeling is that a correction is both imperative and overdue,'' TSA administrator Brian Conrad said.
