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Ocean Freight Rates Continue to Climb

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Attention Importers, here’s a surprise Happy New Year gift from the ocean freight carriers transporting cargo from Asia to North America.  The reality is that this really isn’t much of a surprise to anyone, with shipping volumes still very strong the ocean carriers see this as an opportune time to file for another General Rate Increase.  We’ve been saying for quite a while now that every shipper’s freight budgets are going to be tested to the limit and this General Rate Increase continues to support that point.  Perhaps it’s time to take a long hard look at global freight expenses by utilizing an independent, comprehensive benchmarking process to see just how much your company can actually save.  We are here to help!

Effective February 1, 2021 a 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:

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′

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