TSA delays December rate hike by 2 weeks

Asia

Monday, November 19, 2012

Container line members of the Transpacific Stabilization Agreement said Friday they plan to postpone a previously announced recommended rate hike on the eastbound transpacific trade from Dec. 1 to Dec. 15. “The postponement reconciles varying effective dates adopted on a voluntary basis by individual carriers to avoid confusion in the market, and more closely aligns the scheduled increase with yearend cargo trends,” TSA said in a statement. TSA carriers are seeking an ...

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