Major steamship lines are proposing a September 1, 2016, general rate increase (GRI) for transpacific cargo from the Far East and India to the US and Canada. In the United States, a previous GRI took effect as scheduled on August 1, 2016. Freight to Canada did not see an increase, in fact, most carriers observed declining freight levels.
Current freight levels for shipments to all destinations within the US (in response to the August 1st GRI) are expected to be higher in the interim; however, they are expected to level out within a few weeks.
Carriers’ surcharges may vary. Proposed rates are as follows:
GRI for shipments to all US/Canadian destinations – September 1, 2016:
20’Standard Containers: USD $900
40’Standard Containers: USD $1000
40’High-Cube Containers: USD $1125
45’Standard Containers: USD $1266
LCL: USD$20 per CBM, min USD $20
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.