• Advertise
  • Contact Us
  • About Us
  • Supplier Directory
  • SCB YouTube
  • Login
  • Subscribe
  • Logout
  • My Profile

  • CORONAVIRUS
  • LOGISTICS
    • Air Cargo
    • All Logistics
    • Express/Small Shipments
    • Facility Location Planning
    • Freight Forwarding/Customs Brokerage
    • Global Gateways
    • Global Logistics
    • Last Mile Delivery
    • Logistics Outsourcing
    • LTL/Truckload Services
    • Ocean Transportation
    • Rail & Intermodal
    • Reverse Logistics
    • Service Parts Management
    • Transportation & Distribution
  • TECHNOLOGY
    • All Technology
    • Artificial Intelligence
    • Cloud & On-Demand Systems
    • Data Management (Big Data/IoT/Blockchain)
    • ERP & Enterprise Systems
    • Forecasting & Demand Planning
    • Global Trade Management
    • Inventory Planning/ Optimization
    • Product Lifecycle Management
    • Sales & Operations Planning
    • SC Finance & Revenue Management
    • SC Planning & Optimization
    • Sourcing/Procurement/SRM
    • Supply Chain Visibility
    • Transportation Management
  • GENERAL SCM
    • Business Strategy Alignment
    • Education & Professional Development
    • Global Supply Chain Management
    • Global Trade & Economics
    • HR & Labor Management
    • Quality & Metrics
    • Regulation & Compliance
    • SC Security & Risk Mgmt
    • Supply Chains in Crisis
    • Sustainability & Corporate Social Responsibility
  • WAREHOUSING
    • All Warehouse Services
    • Conveyors & Sortation
    • Lift Trucks & AGVs
    • Order Fulfillment
    • Packaging
    • RFID, Barcode, Mobility & Voice
    • Robotics
    • Warehouse Management Systems
  • INDUSTRIES
    • Aerospace & Defense
    • Apparel
    • Automotive
    • Chemicals & Energy
    • Consumer Packaged Goods
    • E-Commerce/Omni-Channel
    • Food & Beverage
    • Healthcare
    • High-Tech/Electronics
    • Industrial Manufacturing
    • Pharmaceutical/Biotech
    • Retail
  • REGIONS
    • Asia Pacific
    • Canada
    • China
    • Europe
    • Latin America
    • Middle East/Africa
    • North America
  • THINK TANK
  • WEBINARS
    • On-Demand Webinars
    • Upcoming Webinars
  • PODCASTS
  • VIDEOS
  • WHITEPAPERS
Home » Trans-Pacific Westbound Lines Set Rate Increase

Trans-Pacific Westbound Lines Set Rate Increase

August 3, 2009
WTSA

Recent action by trans-Pacific ocean carriers to raise rates in the eastbound direction, from Asia to the U.S., is now being matched by services moving westbound. Member lines of the Westbound Transpacific Stabilization Agreement (WTSA) have announced a general rate increase to take effect Sept. 1. On the date, the carriers hope to boost dry-cargo rates by $150 per 40-foot container (FEU) and $120 per 20-foot container (TEU) from the West Coast, and by $200 per FEU and $160 per TEU for intermodal or all-water shipments from the U.S. East and Gulf Coasts. Refrigerated cargoes, a relatively high-value portion of the westbound trade, will rise by $250 per FEU and $200 per TEU from the West Coast, and by $300 per FEU and $240 per TEU for intermodal and all-water from the East and Gulf Coasts.

The carriers' rationale for the action was the same as that which accompanied a similar announcement last month by the Transpacific Stabilization Agreement, covering services in the eastbound direction (for more on that announcement, see ThinkTank, July 30, 2009). The lines stated their intent "to halt the steady erosion of rates in the U.S.-Asia freight market in recent months." WTSA executive administrator Brian M. Conrad said rates have sunk "to a point where serious action is needed to address basic service requirements."

WTSA is a discussion group whose members are not bound to follow its recommendations on rate and service changes. But the severity of the rate decline, triggered by global recession, has trans-Pacific carriers vowing to show unity in their determination to recover at least some of the losses suffered in recent months.

Read Full Article

RELATED CONTENT

RELATED VIDEOS

Logistics Global Logistics Ocean Transportation Transportation & Distribution Supply Chain Finance & Revenue Management Global Supply Chain Management Pharmaceutical/Biotech Asia Pacific
KEYWORDS Asia Pacific Global Logistics Global Supply Chain Management Logistics Ocean Transportation Pharmaceutical/Biotech SC Finance & Revenue Management Transportation & Distribution
  • Related Articles

    TSA Carriers File Amendment to Include Westbound Trans-Pacific Trade

    Westbound Lines Seek New Round of General Rate Increases

WTSA

More from this author

Wake up to live
“Supply Chains in Crisis”
updates and the latest Supply Chain News!

Subscribe to our Daily Newsletter

Timely, incisive articles delivered directly to your inbox.

Popular Stories

  • delivering package

    Consumers Prefer Personal Touch, Predictability, Over Super-Fast Delivery

    Last Mile Delivery
  • 0627_Guitars.png

    Sweetwater Responds to the ‘New Face of Agility’ in Supply Chain and Merchandising

    Inventory Planning/ Optimization
  • Worker using tablet

    The Struggle to Wean Supply Chains From Legacy Tech Systems

    Technology
  • How Collaborative Tech Can Ease the Tight Trucking Market

    Location Intelligence: Where Is It Now and Where Is It Going?

    Data Management (Big Data/IoT/Blockchain)
  • Navigating-the-Rocky-Supply-Chain-Landscape.jpg

    Watch: Navigating the Rocky Supply Chain Landscape

    Supply Chain Planning & Optimization

Digital Edition

Scb may 2022 sm

2022 Supply Chain ESG Guide

VIEW THE LATEST ISSUE

Case Studies

  • 3PL Doubles Productivity With Robots to Fulfill Medical Supply Orders

  • E-Commerce Company Cuts Order Fulfillment Time by 40%

  • Fashion Retailer Halves Fulfillment Time With Omichannel Automation

  • Distributor Scales Business by Integrating Warehouse Automaton Software

  • Fast-Growing Fashion Brand Scales E-Commerce Fulfillment With Whiplash

Visit Our Sponsors

Yang Ming Alithya Barcoding
Blue Yonder BNSF Logistics CoEnterprise
E2open Generix Geodis
GEP GreyOrange Here
Honeywell Intelligrated IFM Inmar
Keelvar Kinaxis Korber
Liberty SBF Locus Robotics Logility
Lucas Systems Nvidia Old Dominion
ORTEC Parsyl QIMA
Redwood Logistics Saddle Creek Logistics Schneider Dedicated
Setlog Holding AG Ship4WD Shipwell
Tecsys TGW Systems Thomson Reuters
Tive Trailer Bridge Vecna Robotics
Verity Verusen
  • More From SCB
    • Featured Content
    • Video Library
    • Think Tank Blog
    • SupplyChainBrain Podcast
    • Whitepapers
    • On-Demand Webinars
    • Upcoming Webinars
  • Digital Offerings
    • Digital Issue
    • Subscribe
    • Manage Your Subscription
    • Newsletters
  • Resources
    • Events Calendar
    • SCB's Great Supply Chain Partners
    • Supplier Directory
    • Case Study Showcase
    • Supply Chain Innovation Awards
    • 100 Great Partners Form
  • SCB Corporate
    • Advertise on SCB.COM
    • About Us
    • Privacy Policy
    • Contact Us
    • Data Sharing Opt-Out

All content copyright ©2022 Keller International Publishing Corp All rights reserved. No reproduction, transmission or display is permitted without the written permissions of Keller International Publishing Corp

Design, CMS, Hosting & Web Development :: ePublishing