Major steamship lines are expected to implement a September 1, 2016 general rate increase (GRI) for transpacific cargo from the Far East and India to the US and Canada. The proposed GRI, if implemented, could be one of the largest on record this year. While freight levels for shipments to all destinations within the US are expected to be higher in the interim, GRI levels have fluctuated this year – rates at, or close to, published GRI levels have held for one to two weeks before leveling out.
Along with our overseas partners, Deringer will try to mitigate potential rate increases; however, the market will ultimately determine carriers’ flexibility. Please send an email to Deringer’s Marketing Department with any questions.