The International Housewares Shippers Association (IHSA) issued a refund to participants for 2015 totaling $186,139. The refund, which has become a staple of IHSA, is awarded by the IHSA Board of Directors at the conclusion of the association’s fiscal year. Each participant’s share depends on their level of participation and is based on every 40-foot equivalent unit (FEU) shipped.
IHSA is a not-for-profit association that was formed to benefit International Housewares Association member companies by leveraging its members’ volume. IHSA negotiates freight contracts and partners with other logistics providers to lower supply chain costs.
For 2015, the refund per FEU was $62.60 with individual member refund checks ranging from a few hundred dollars to more than $53,000. This refund is a significant increase over 2014, when $53.11 was refunded for every 40-FEU shipped.
IHSA is comprised of logistics executives who work closely with the association’s management team to obtain competitive pricing, rate stability and reputable service levels. IHSA has direct contracts with major steamship lines servicing the East-West trades. The association also partners with Laufer Group International to provide members with full container load options outside the direct carrier contract program while still remaining under the IHSA umbrella.