International Housewares Shippers Association Issues Refunds
March 24, 2016,
ROSEMONT, Ill.-The International Housewares Shippers Association (IHSA) has issued $186,139 in refunds to its members, according to the International Housewares Association.
The refunds are a staple for IHSA, a not-for-profit association that was formed to benefit IHA member companies by negotiating freight contracts and partnering with other logistics providers to lower supply chain costs. They are awarded by the IHSA board of directors at the conclusion of the association’s fiscal year, with each participant’s share depending on its level of participation and based on every 40-foot equivalent unit (FEU) shipped.
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, according to the IHA statement. It was a significant increase over 2014, when $53.11 was refunded for every 40-FEU shipped.