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Purchasing.com reports that container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) cartel are planning rate increases from $120 to $200 per 20-foot container on US-to-Asia routes effective September 1. The move is an attempt to claw back recent rate declines in response to falling demand due to the global recession.

This entry was posted on Tuesday, August 4th, 2009 at 12:10 and is filed under Business, Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.