Well it seems that one General Rate Increase for the month of November, 2020 is not enough. So, effective November 15, 2020 another General Rate Increase (GRI) has been filed for all cargo imported from Asia ports of loading, to U.S.A., Canada, and Mexico ports and ramps of discharge.
This GRI increase is a direct result of the explosive growth of freight volumes in this highly attractive trade lane. And, the reality is there is no end in sight.
Importers are really going to have to adjust their freight budgets upwards and we’re sure senior management will not be happy, but it is simply part of the cost of doing business here in 2020. There is however, things you can do to slow the rising costs. Visit our International Logistics page to learn more.
General Rate Increase – November 15, 2020
USD 900 / 20′
USD 1,000 / 40′
USD 1,125 / 40′ HQ
USD 1,125 / 40′ Reefer
USD 1,266 / 45′
USD 1,600 / 53′
to receive our FREE white papers: