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TSA carriers to increase transpacific rate US$600/FEU from September
MEMBER line of the Transpacific Stabilisation Agreement (TSA) plan to levy a US$600 per FEU rate increase to all destinations from September 1.
"Lines have made modest revenue gains to date this year, but they continue to struggle in terms of returning to profitability," said TSA executive administrator Brian Conrad.
Carriers had filed increases in their individual tariffs in late July and subsequently began notifying customers directly, said the TSA release.
TSA lines said the planned rate increase follows strong cargo demand and high vessel utilisation in recent months, which forward bookings suggest will continue through September.
With equipment, inland transport and other cargo handling costs rising steadily, carriers see higher baseline rates going into 2015 as essential to maintaining adequate service levels over time.
"In most route segments they are operating at or near full capacity with little room for error in managing assets, so this increase is needed as a cushion to cover costs and assure service choice and reliability," said Mr Conrad.
"Lines have made modest revenue gains to date this year, but they continue to struggle in terms of returning to profitability," said TSA executive administrator Brian Conrad.
Carriers had filed increases in their individual tariffs in late July and subsequently began notifying customers directly, said the TSA release.
TSA lines said the planned rate increase follows strong cargo demand and high vessel utilisation in recent months, which forward bookings suggest will continue through September.
With equipment, inland transport and other cargo handling costs rising steadily, carriers see higher baseline rates going into 2015 as essential to maintaining adequate service levels over time.
"In most route segments they are operating at or near full capacity with little room for error in managing assets, so this increase is needed as a cushion to cover costs and assure service choice and reliability," said Mr Conrad.
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