CTSA to raise fuel surcharges, proceed with rate recovery program
The 11 shipping lines of the Canada Transpacific Stabilization Agreement will next month raise their fuel recovery charges and go ahead with a planned second-stage freight rate increase “in an ongoing effort to recover rising operating costs.”
Effective July 1, the fuel recovery charges will be:
* $510 (from $475) per 20-foot container.
* $680 (from $635) per 40-foot container.
* $765 (from $715) per 40-foot high cube container.
* $860 (from $805) per 45-foot container.
Also from July 1, the lines will raise rates by $200 per 40-foot container to the Canadian West Coast, and by $400 per FEU for intermodal and East Coast mini-landbridge shipments.
The CTSA said “it is looking ahead to a healthy market going into the summer peak cargo season, with ships running close to full. Lines see continued operating cost pressures at West Coast ports, but anticipate the greatest cost impacts from higher inland rail, fuel and equipment positioning costs.”
