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
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now