Transpacific Stabilization Agreement

03 Apr 2014
NEWPORT, R.I. — With overcapacity in the trans-Pacific likely at least until 2016, carriers are facing a tough time in eastbound negotiations for service contracts that renew on May 1.
28 May 2013
Hoping to prop up freight rates as the start of the peak-shipping season gets closer, the discussion agreement representing ocean carriers in the eastbound Pacific announced guidelines for increases of $400 per 40-foot container to the West Coast and $600 to all other destinations, effective July 1.