The Westbound Transpacific Stabilization Agreement announced plans to include in all their new and existing contracts, effective May 1, a $80 per 40-foot container; $64 per 20-foot container and $4 per revenue ton interim fuel assessment. The IFA will also be applied to tariff cargo moving under "all inclusive" tariff rates that have pre-established fuel charges built in.
The agreement cited the 80 percent increase in marine fuel and diesel oil over the past year as a reason for the increase.
Explore the March 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- US Steel to restart Illinois blast furnace
- AISI, Aluminum Association cite USMCA triangular trading concerns
- Nucor names new president
- DOE rare earths funding is open to recyclers
- Design for Recycling Resolution introduced
- PetStar PET recycling plant expands
- Iron Bull addresses scrap handling needs with custom hoppers
- REgroup, CP Group to build advanced MRF in Nova Scotia
