United States to Asia container freight rate increases reaffirmed

Transpacific container lines have completed their sector-by-sector assessment of freight rates from the United States to Asia, and have confirmed their intent to implement guidelines calling for increases.

Chief executives of the 10 major carrier members in the Westbound Transpacific Stabilization Agreement have signed off on a final schedule of recommended rate adjustments, and have indicated their intent to adjust the rates for the following commodities:

• Wastepaper, metal and plastic scrap
• Hay
• Hides
• Forest products
• Protein cargo (refrigerated beef, pork and poultry)
• Agri-products (peas, beans, lentils, grains, soybeans and related products)
• Chemicals
• Clay
• Cotton
• Freight all kinds cargo
• Refrigerated cargo (miscellaneous dairy products, baked goods, prepared foods).