APL reduces NVOCCs' rates
FOLLOWING the Trans-Atlantic Conference Agreement's (TACA) decision
to boost rates in 1999, APL has taken the opposite approach by
slashing its rates on the US to Europe route.
The carrier says downward pressure on ocean rates warranted the
adjustment, culminating in a US$300-$400 reduction per container
NVOCCs handle over a quarter of all ocean
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