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WTSA raises freight rates for agricultural products

Staff -- Logistics Management, 8/28/2006

OAKLAND, Calif.—Members of the Westbound Transpacific Stabilization Agreement (WTSA) recently announced they will increase their rates for shipping agricultural products by $50 per 40-foot container (FEU) and $40 per 20-foot container (TEU), effective October 1.

The WTSA is a voluntary discussion and research forum of 11 major container shipping lines serving the trade from ports and inland points in the United States to destinations throughout Asia.

The organization said the rate increases will apply to non-seasonal shipments of meal, flour, starches, feed grains, corn products, seeds and additives, along with seasonal shipments of grains, soybeans, cotton products, and leguminous vegetables.

The organization’s member carriers said in a press release that these rate increases are needed in order to help recover rising costs, and because agri-products exports are moving in growing volumes to Asia, especially in China.

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