By Hugh R. Morley
US importers of containerized goods from Asia should expect to pay more for their 2016-2017 contracts and be prepared to say goodbye to giveaways, such as free detention and chassis, said the head of a discussion group of container lines on Wednesday.
Brian Conrad, executive administrator of the Transpacific Stabilization Agreement, told an audience of about 200 apparel importers and logistics providers at the Apparel Importers Trade and Transportation Conference in New York City that "rates are going to have to go up in order to provide sustainable revenue for this industry."