So, what is a General General Rate Increase (GRI)? A General Rate Increase (GRI) is the amount by which ocean carriers increase their base rates across specific trade lanes, generally as a result of increased demand. A GRI must be announced with the Federal Maritime...
The ocean carriers are still posting ridiculously profitable quarters. Ocean carriers are posting ridiculously profitable quarters in 2020. Under normal circumstances this would not be a problem, everyone deserves to make a profit. However, manipulating capacity and...
Cam follower bearing A cam follower bearing is a roller or needle bearing that is specifically designed to follow cams or tracks. These bearings are used in linear motion systems including transfer lines, conveyor systems, and other industrial machinery. Cam follower...
As we indicated in our previous blog covering the tariffs on imported goods, meetings did take place last week between U.S. and Chinese officials regarding the trade war and the tariffs. Slowly but surely, it appears that both sides are making progress. We have...
