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 December 16, 2014       

 

TSA recommends $1,000 GRI on 40-foot containers

The Transpacific Stabilization Agreement is recommending its 15 ocean carrier members implement a general rate increase on Dec. 15. “The commission is gathering information from the carriers to compare announcements and actual tariff language to ensure there is consistency between language and implementation

 

 

The 15 container carriers that are members of the Transpacific Stabilization Agreement are recommending a $1,000-per-40-foot container general rate increase for all origins and destinations, effective Dec. 15.

The TSA said the recommendation reflects “stronger than expected holiday traffic and related service demands” and cited press reports of double-digit import growth in September and October. It also pointed to “forecasts of continued market momentum through the remainder of the year. As in recent years, the holiday retail season is likely to extend into January via gift cards and post-holiday sales promotions.”

TSA Executive Administrator Brian Conrad, said, “With rates as low as they have been since 2011, lines have steadily reduced and consolidated services; they continue to play catch up as demand ramps up beyond what had previously been expected.”

The hefty $1,000 increase follows a recommended increase of “at least $600″ per FEU the TSA had recommended members implement on Sept. 1.

TSA members include:

APL, China Shipping, CMA CGM, COSCO, Evergreen, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine, “K” Line, Maersk, MSC, NYK, OOCL, Yang Ming and ZIM

 Excerpt from American Shipper  By: Chris Dupin

 

Our regulatory experts are monitoring the situation and keeping a close eye on labor negotiations, which began on May 12, 2014. In the meantime we are checking shipment status on a daily/hourly basis to see where our client’s cargo stands in movement towards its final destination. While we can’t control the situation we can keep you informed.

 

 The information contained in this newsletter has been compiled from various industry newsletters and other public sources. While we use reasonable efforts to furnish accurate and up-to-date information Page & Jones, Inc. is not liable or responsible for the accuracy or reliability of any information contained herein.

 



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