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ShareThisTrans-Pacific Carriers to Hike Westbound Reefer Rates
Rates to Asia to rise by $300 per FEU at the start of the year, WTSA says
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. Reefer equipment tends to move out of the trans-Pacific trade lane during the winter months, adding extras costs to U.S. shippers of agriculture and non-agriculture cargo.
-- Contact Mark Szakonyi at mszakonyi@joc.com. Follow him on Twitter @Szakonyi_JOC
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