CTSA ANNOUNCE PLANS FOR UPCOMING RATE INCREASES
In an effort to partially reverse the recent erosion of freight rates in the Asia-Canada market, container shipping lines in the Canada Transpacific Stabilization Agreement (CTSA) have agreed on the need for a general rate increase (GRI), effective August 1, 2009.
The GRI will apply to all inland point intermodal (IPI), mini-land bridge (MLB) and East Coast all-water cargo moving on CTSA member lines’ vessels.
CTSA lines say they intend on August 1 to implement increases in the amount of:
Far East & India Subcontinent (via Vancouver / Prince Rupert):
20’: $ 300.00
40’S: $ 400.00
40’HC: $ 500.00
45’HC: $ 510.00
India Subcontinent (via Halifax):
LCL: $ 10.00
20’: $ 400.00
40’S: $ 500.00
40’HC: $ 563.00
45’HC: $ 640.00
Omnilogistics continues to monitor this situation closely and will provide updates as information develops.