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TSA Lines prepare for peak season, announce surcharge
Positive signals on consumer confidence for second-half 2013, and healthy consumer spending data in the second quarter, suggest a likely bump for Asian imports in coming months, and container shipping lines in the Transpacific Stabilization Agreement (TSA) are preparing for a potentially healthy peak season.
As TSA carriers plan their individual vessel and equipment allocations to meet back-to-school and holiday retail cargo demand, they have announced a guideline peak season surcharge (PSS) of US$400 per 40-foot container from Asia to all U.S. destinations, effective August 1.
“It is hard to say at this point what the size and the timing of the peak will be, but lines are expecting a defined peak period and want to be prepared,” said TSA executive administrator Brian Conrad. “That means having the necessary vessel and equipment assets in place, the right mix of services, and their costs adequately covered to quickly address contingencies.”
TSA lines reported gains from the most recent round of Asia-U.S. freight rate increases taken on July 1, but said results still fall short of overall revenue objectives for 2013-14 service contracts, so they will be weighing the need for further initiatives later this summer.
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