The Westbound Transpacific Stabilization Agreement said its member carriers plan to implement targeted rate increases on export commodities Nov. 1.
Because increases will vary by commodity, WTSA lines will notify customers when rate increases are determined, and will post the changes on the WTSA Web site.
Initial cargo segments to be reviewed for rate increases include wastepaper; metal and plastic scrap; refrigerated beef, pork and poultry; hay; hides; agricultural products; chemicals; clay; forest products, dry miscellaneous freight-all-kinds cargo and refrigerated “not otherwise specified” cargo such as dairy products, baked goods or other prepared foods that are not covered under any commodity-specific review. Cotton rates will be reviewed under a separate seasonal schedule.
WTSA members are APL, Cosco, Evergreen, Hanjin, Hapag-Lloyd, Hyundai, “K” Line, NYK, OOCL and Yang Ming.
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