MAY 2012

Container lines propose rate hike

Container shipping lines in the Westbound Transpacific Stabilization Agreement are recommending a further round of incremental rate increases.

The adjustments, scheduled to take effect on May 15, 2012, will raise dry commodity rate levels by $50 per 40 foot container (FEU) from Pacific Southwest ports, and by $100 per FEU for all other cargo, moving via all-water or intermodal service from Pacific Northwest ports, from inland U.S. points and from the U.S. East and Gulf Coasts.