Trade News > Maritime News > Spotlight on Spot Rates

Spotlight on Spot Rates

Bill Mongelluzzo | Mar 30, 2009 4:00AM GMT
The Journal of Commerce Magazine - News Story
TSA seeks to freeze low-ball pricing before it spreads to annual contracts

Business conditions in the eastbound Pacific trades are deteriorating so rapidly that carriers will try to prevent the lowest of low-ball spot market rates from becoming de-facto contract rates. Shippers were shocked when the Transpacific Stabilization Agreement, which represents


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