The Transpacific Stabilisation Agreement, which is made up of 15 major carriers, has recommended a general rate increase of US$400 per feu to come into force on November 15. The TSA said the GRI comes as shipping lines continue efforts to restore baseline freight rates for holiday shipments and the 2014 contract negotiating season, which typically come up for renewal at the start of May. TSA executive administrator Brian Conrad said: “The trade is seeing modest but healthy cargo … [Read more...] about Modest growth, but most carriers operating at a loss