After two months of negotiating with ocean carriers, the International Housewares Shippers Association (IHSA) is pleased to report that contract negotiations have been finalized. IHSA’s 2016-17 ocean carrier program offers rates and services with 11 different ocean carriers capable of providing service to and from every major trade lane in the world. The contract rates are valid for one year and are not subject to rate increases during the life of the contracts.
“Preliminary feedback from our members regarding the new freight rates has been very favorable,” says Jeff Bergmann, Executive Director for IHSA. “For the past year, severe global overcapacity has put downward pressure on ocean freight rates. Carrier executives privately admit that they will have no alternative but to eventually increase freight rates on cargo not protected under ocean contracts. IHSA members will not only benefit by receiving 20% – 40% lower rates in our new contracts, but they will also be protected from increases when rates start trending upward. We are excited about the advantages these new contract rates provide our members along with the opportunities they afford to secure new members.”
IHSA is comprised of logistics executives who work closely with an extensive portfolio of global and regional service providers. Their focus is on offering reduced pricing while maintaining price stability and reputable service levels. Membership in IHSA is free for regular members of the International Housewares Association. For more information, you may contact Greg Marti at 513-489-4743 x171 or gmarti@shippersassociation.org.
