Pacific carriers to announce eastbound rate increases
Shipping lines of the Transpacific Stabilization Agreement will announce planned eastbound rate increases for the 2005-2006 season early next week, according to industry sources.
Senior TSA carrier executives met in Korea Wednesday, when they reportedly agreed on their 2005-2006 business plan.
In September, the TSA group said the operating costs of its member carriers were rising fast, and estimated that costs will increase “10 percent or more” in 2005 when compared to this year.
Pacific carriers to announce eastbound rate increases
