Horizon Lines said it will raise rates on its U.S. shipments to China on Nov. 1 to match announced increases by members of the Westbound Transpacific Stabilization Agreement, the Journal of Commerce reports.
The planned general rate increase would apply to dry and refrigerated containers and would be total $160 per 20-foot container, $200 per standard or high-cube 40-foot container and $250 per 40-foot box. The Charlotte, N.C.-based comany, which recently avoided bankruptcy, said its Asian service had 59 percent utilization between West Coast ports and the ports of Ningbo and Shanghai in the second quarter.
Horizon is not a member of the WTSA, The carrier’s Asian service has a rotation of Los Angeles, Oakland, Guam, Ningbo, Shanghai and back to Oakland, with a service to Tacoma, Washington.
The planned general rate increase would apply to dry and refrigerated containers and would be total $160 per 20-foot container, $200 per standard or high-cube 40-foot container and $250 per 40-foot box. The Charlotte, N.C.-based comany, which recently avoided bankruptcy, said its Asian service had 59 percent utilization between West Coast ports and the ports of Ningbo and Shanghai in the second quarter.
Horizon is not a member of the WTSA, The carrier’s Asian service has a rotation of Los Angeles, Oakland, Guam, Ningbo, Shanghai and back to Oakland, with a service to Tacoma, Washington.