CTSA to lower currency fee Oct. 1
Member container lines in the Canada Transpacific Stabilization Agreement said this week their currency adjustment factor will be 9 percent effective Oct. 1, a decrease from the level to be imposed in September.
During September, the lines will assess a 10 percent surcharge. The 10 members generally announce the currency surcharge more than one month before it goes into effect.
CTSA members are APL, COSCO Container Lines, Evergreen Line, Hapag-Lloyd, Hyundai Merchant Line, 'K' Line, NYK Line, OOCL, Yang Ming and Zim.
CTSA to lower currency fee Oct. 1
