It’s hard to believe, but the ocean carriers moving freight from the Far East to North America Ports are again seeking rate increases. Effective May 1, 2020 General Rate Increase (GRI) has been filed for all cargo imported from Asia ports of loading, to U.S.A., Canada, and Mexico ports/ramps of discharge.
The proposed increases are as follows:
General Rate Increase – May 1, 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′
As we have stated in the past, it is not possible to predict the future market based on the current trade conditions and the Covid 19 crisis adds more uncertainty. At ICC, we are here for you for any questions or assistance you may need in these very trying times. Please give us a call at 516 822-1183, and speak with one of our logistics executives. Be safe everyone!
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