CMA CGM Hikes U.S. Rates

CMA CGM Group will increase freight rates in the trans-Pacific and trans-Atlantic trades, effective Sept. 1, the company announced Monday.

Joining other ocean carriers in a “rate restoration” movement, the French line will apply the increases to all U.S. export cargo moving to Asia and to Europe.

For trans-Pacific cargo out of Houston and Mobile, the increase will be $150 per 20-foot equivalent unit and $300 per 40-foot equivalent unit. For trans-Pacific cargo out of U.S. East Coast and West Coast ports, the increase will be $25 per TEU and $50 per FEU. For trans-Pacific cargo from inland origins, the increase will be $50 per TEU and $100 per FEU.

Trans-Atlantic increases for cargo to North Europe and Western Mediterranean will be $240 per TEU and $300 per FEU.

“We have implemented a rate restoration on these trades to be able to ensure the high level of reliability our customers have come to expect, sustain of our services, and to maintain viable presence in the long term,” said Jean-Philippe Thénoz, vice president North America lines, CMA CGM Group.

Contact Thomas L. Gallagher at tgallagher@joc.com.