IHA Shipping Group Issues Rebate
December 22, 2016,
ROSEMONT, Ill.—The International Housewares Shippers Association issued a rebate to participants for 2016 totaling $142,672, the International Housewares Association said.
The rebate, 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 its level of participation and is based on every 40-foot equivalent unit shipped. For 2016, the refund per FEU was $50.82 with individual member refund checks ranging from a few hundred dollars to more than $40,000.
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.