TSA members have been pushing through a 1 April GRI of $400 per feu to the US West Coast and $600 per feu to all other destinations.
The TSA said the 1 April increases were intended to restore current market rates closer to “sustainable levels”, with a view to gaining “meaningful increases” in annual contract negotiations that cover roughly 90% of the trade.
“As we head into the bulk of the negotiations in April it is critical for shippers to understand that rates which reflect little or no increase in rates over 2012 levels are simply not sustainable in the long run,” said TSA executive administrator Brian Conrad. “The financial repercussions are serious, and carriers are looking to ensure that new contracts include rates that reflect a meaningful increase above 2012 levels, and closer to the post-1 April market trends.”
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