MORE WESTBOUND RATE HIKES FOR NORTH EUROPE/CANADA CONFERENCES
The Northern Europe/Canada conferences have announced further rate increases on westbound shipments, effective April 1, 2001.
The planned rate rises are $150 per 20-foot container and $250 per 40-foot box.
The conferences said that the rate rises are in a context of “continuing and projected strong market conditions in the westbound trade to Canada.”
The price rices follow two rounds of increases in westbound rates earlier this year, on April 1 and Oct. 1.
The conferences said that their carrier members “wish to advise that rates will next be reviewed on Oct. 1, 2001.”
The members of the northern Europe/Canada/northern Europe conferences are Atlantic Container Line, Canada Maritime, Cast, Hapag-Lloyd and Orient Overseas Container Line.
The westbound rate rises are the latest evidence of the strength of the Europe-to-North America trade.
The Trans-Atlantic Conference Agreement also plans to increase westbound freight rates next April.