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EASTBOUND PACIFIC TRADE GREW 16 PERCENT IN JANUARY-FEBRUARY

EASTBOUND PACIFIC TRADE GREW 16 PERCENT IN JANUARY-FEBRUARY

   Last Friday's Shippers’ NewsWire should have said that eastbound transpacific traffic volumes rose by 16 percent in January-February, to 983,000 TEUs, compared to 849,000 TEUs in the same period in 1999.

   “Average weekly totals available for March to date suggest a possible 20-percent increase over March 1999,” a spokesman for the Transpacific Stabilization Agreement said.