Member container lines in the Westbound Transpacific Stabilization Agreement (WTSA) have moved to halt the steady erosion of rates in the US-Asia freight market in recent months, with a general rate increase (GRI) recommended to take effect September 1, 2009 for all cargoes moving to all Asian destinations.
Effective September 1, WTSA members say they intend to raise their dry cargo rates – including rates for commodities exempt from tariff filing – by US$150 per 40-foot container (FEU) and $120 per 20-foot container (TEU) from the US West Coast and by $200 per FEU and $160 per TEU for intermodal moves or all-water shipment via the US East and Gulf Coasts.
Refrigerated cargo rates would be raised by $250 per FEU and $200 per TEU from the West Coast and by $300 per FEU and $240 per TEU for intermodal and for East and Gulf Coast shipments.
Effective September 1, WTSA members say they intend to raise their dry cargo rates – including rates for commodities exempt from tariff filing – by US$150 per 40-foot container (FEU) and $120 per 20-foot container (TEU) from the US West Coast and by $200 per FEU and $160 per TEU for intermodal moves or all-water shipment via the US East and Gulf Coasts.
Refrigerated cargo rates would be raised by $250 per FEU and $200 per TEU from the West Coast and by $300 per FEU and $240 per TEU for intermodal and for East and Gulf Coast shipments.