This should come as no surprise to any company whose business relies on imports from Asia to North America. Once again the ocean carriers operating in this service lane have announced the following increases.
Effective September 1, 2021 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 – September 1, 2021
USD 1,800 / 20′
USD 2,000 / 40′
USD 2,250 / 40′ HQ
USD 2,250 / 40′ Reefer
USD 2,532 / 45′
USD 3,200 / 53′
We are fairly sure that similar General Rate Increases will take place at least into the first quarter of 2022. The factors that could change all of this of course would be a slow-down of the US economy as a result of new Covid-19 infections caused by the Delta and other variants, and/or continued increases in inflation that could ultimately cause a recession. Only time will tell.
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