NIT LEAGUE, OTHERS OPPOSE IATA AIR-FREIGHT RATE FORMULA

NIT LEAGUE, OTHERS OPPOSE IATA AIR-FREIGHT RATE FORMULA    The National Industrial Transportation League, along with other companies and organizations, told the International Air Transport Association on Thursday they oppose IATA’s proposal to change the volume to rate formula, a basis for calculating air-freight rates.
   The group, comprised of industry representatives, told IATA the proposed change, “Resolution 502,” is “highly anticompetitive and inconsistent with the policy of the United States and other countries to maximize competitive forces wherever possible.”
   The resolution’s opponents added that the proposed change would result in an overall increase in freight rates of 20 percent, an “unjustified” rate that would be imposed on the shipping public with little advance notice.
   Groups joining the NIT League in the letter included the Airforwarders Association, American Apparel & Footwear Association, Amos Logistics, Corning Inc. and the U.S. Chamber of Commerce.
   The text of the letter may be viewed at the NIT League’s Web site, https://www.nitl.org.
   The NIT League's member companies conduct industrial and/or commercial enterprises throughout the United States and internationally.