Plans to scrap recommended general rate increases and switch to base-rate guidelines announced by the Transpacific Stabilization Agreement certainly raised a few eyebrows. The TSA says that the new base rates will fully reflect the overall cost of services, including handling fees, intermodal costs and bunker surcharges. It is therefore urging its members to finalise rate contracts at or above $2,150 per feu to the US west coast and $3,650 per feu to the east coast.
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