WTSA Proposes Additional Rate Increase

The Westbound Transpacific Stabilization Agreement (WTSA), Oakland, Calif., has called for additional rate increases to dry and selected refrigerated commodities. The WTSA says the adjustment is part of a comprehensive rate restoration effort it is attempting to accomplish this year.
 

The adjustments, scheduled to take effect May 15, will raise dry commodity rates by $50 per 40-foot container (FEU) from the California ports of Los Angeles, Long Beach and Oakland, and by $100 per FEU for all other cargo, moving via all-water or intermodal service from Pacific Northwest ports, inland U.S. points and from the U.S. East and Gulf Coasts. 
 

In a statement, Brian Conrad, WTSA executive administrator, stresses that successive rate adjustments taken in recent months have been modest and aimed at incrementally restoring rates after a period of significant erosion. 

 

Conrad adds that the diverse nature of westbound traffic makes it necessary to adopt multiple increases for cargo moving under contract throughout the year. 
 

WTSA is a voluntary discussion and research forum of 10 ocean and intermodal container shipping lines serving the trade from ports and inland points in the U.S. to destinations throughout Asia. 

 

More information is available at www.wtsacarriers.org.