press release -
International Housewares Association

FOR IMMEDIATE RELEASE:
Contact: Deborah A.Teschke
Senior Manager, Public Relations & Communications
Email Debbie Teschke
847-692-0110


International Housewares Shippers Association Issues Refund To Members


ROSEMONT, IL (Jan. 21, 2014) - The International Housewares Shippers Association (IHSA) has issued a refund to participants for 2013 totaling $126,233.32. 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 IHA-member companies by leveraging its members’ volume.   IHSA negotiates freight contracts and partners with other logistics providers to lower supply chain costs. 

For 2013, the refund per FEU was $36.25 with individual member refund checks ranging from a few hundred dollars to more than $36,000. This refund is a significant increase over 2012, when the total amount of refunds was $75,544.48, with $30.90 being refunded for every 40-FEU shipped.

IHSA is comprised of logistics executives who work closely with an extensive portfolio of global and regional service providers. Their focus is on the balance of low price while maintaining reputable service levels.

"Members’ pricing will be competitive year round," said Dave Akers, IHSA’s executive director. "Our eyes are always on the market and we have many tools and contract structures to ensure quick reaction to market changes that benefit the members."
 

The Association has direct contracts with major steamship lines servicing the East-West trades. IHSA 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.

Participants in IHSA continue to realize cost-effective benefits, including competitive ocean freight rates, a refund and innovative shipping services. Membership in IHSA is free for regular members of the International Housewares Association. For more information, contract Greg Marti at 513-489-4743 x 171 or gmarti@shipperassociation.org.

-30-