CTSA currency factor reaches 5%
Member lines of the Canada Transpacific Stabilization Agreement continue to raise their currency adjustment factor.
On Friday, the lines said the CAF would be raised to 5 percent starting Jan. 1. The CTSA most recently raised it to 4 percent on Nov. 1. It was at 1 percent as recently as September.
CTSA member lines are APL, COSCO Container Lines, Evergreen, Hapag-Lloyd, Hyundai Merchant Marine, 'K' Line, NYK Line, OOCL, Yang Ming and Zim Integrated Shipping Services. The agreement governs trade from Asia to Canada.
CTSA currency factor reaches 5%
