TSA Carriers Announce Increases

According to numerous trade publications, the Transpacific Stabilization Agreement (TSA) ocean carrier members announced they will seek an emergency revenue recovery program in an attempt to increase ocean freight rates on eastbound services.

According to the announcement, the program is "designed to reverse the trend of declining freight rates that will result in ocean carriers losing an estimated $20 billion in their global operations in 2009."

The group proposes rate increases as follows:

• $320 per 20-foot container
• $400 per 40-foot container
• $450 per 40-foot high-cube container
• $505 per 45-foot container.

In addition, the TSA plans to amend an agreement currently on file with the Federal Maritime Commission (FMC) to allow its members to discuss various environmental initiatives in efforts to reduce operating costs and diesel emissions.

The proposed rate increases, if approved, would become effective on January 15, 2009.

FMI International - Holiday Schedule 2009

FMI Facilities	Thursday December 24th	Friday December 25th	Thursday December 31st	Friday January 1st
Carteret, NJ	HALF-DAY	CLOSED	HALF-DAY	CLOSED
Springfield Gardens, NY (JFK)	HALF-DAY	CLOSED	HALF-DAY	CLOSED
Medley, FL	HALF-DAY	CLOSED	HALF-DAY	CLOSED
San Pedro, CA	FULL-DAY	CLOSED	FULL-DAY	CLOSED
Mira Loma, CA	HALF-DAY	CLOSED	HALF-DAY	CLOSED
NY / NJ Ocean Terminals	Thursday December 24th	Friday December 25th	Thursday December 31st	Friday January 1st
ALL TERMINALS	CLOSED	CLOSED	CLOSED	CLOSED
FMI - NJ Trucking Operations	HALF-DAY	CLOSED	HALF-DAY	CLOSED
LA / LOB Ocean Terminals	Thursday December 24th	Friday December 25th	Thursday December 31st	Friday January 1st
ALL TERMINALS	CLOSED	CLOSED	CLOSED	CLOSED
FMI - San Pedro Trucking Operations	HALF-DAY	CLOSED	HALF-DAY	CLOSED

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