The Transpacific Stabilization Agreement (TSA), citingaverage current shipping rates that are “not sustainable” for the next 12months, is adopting an across-the-board increase of $500 per 40-foot container(FEU) on Aug. 10. There will also be proportionate price increases for otherequipment sizes with the rates applying to all commodities and U.S.destinations. Additionally, the TSA intends to pursue full implementation of aquarterly bunker fuel charge that was raised July 1 to reflect higher fuelcosts.

Q1 cargo demand from Asia to the U.S. was 20% belowthe prior year period, and Q2 shipments have only shown slight improvement.There was a $1,000-$1,200 decline in average revenue per ... Log in to view full article.