The move appears to be made outside the auspices of the Transpacific Stabilization Agreement, a discussion body of 15 liner carriers on the trade (of which COSCO is a member). The TSA has not issued recommended guidelines for rate increases in August. Its last guidelines, issued in May, suggested lines seek a peak season surcharge of $600 per 40-foot container from mid June.
COSCO’s planned increases are:
- For cargo moving to U.S. West Coast ports, and for intermodal cargo via these ports destined to points in California, Oregon and Washington, $400 per 20-foot container, $500 per 40-foot container, $563 per 40-foot high-cube container, and $633 per 45-foot container.
- For intermodal cargo and mini-landbridge intermodal cargo via U.S. West Coast ports destined to points outside of California, Oregon and Washington, $560 per 20-foot container, $700 per 40-foot container, $788 per 40-foot high-cube container, and $886 per 45-foot container.
- For cargo moving via all-water services to U.S. East and Gulf coast ports and for all intermodal cargo via those ports, $560 per 20-foot container, $700 per 40-foot container, $788 per 40-foot high-cube container, and $886 per 45-foot container. – Eric Johnson
