Ship congestion around the ports of Los Angeles and Long Beach hit an unexpected level, deteriorating the bottleneck at the busiest entryway for U.S. Sea Freight Imports. A record of 38 holder ships are anticipating space – 36 at anchor and two more that were...
The Biden administration plans to review the phase one U.S.-China trade deal, said Jen Psaki, White House press secretary. Based on publicly available data, it’s hard to imagine they’ll find anything other than a debacle. China isn’t even close to...
North American importers have recently seen unique headwinds with inbound logistics which are expected to continue through the holiday season. Both equipment and onboard vessel capacity have been in shortage. Most carriers are accepting bookings with the caveat there...
According to Collyer Logistics Group of Companies, high demand in the third quarter on the trades out of China, especially on the trans-Pacific, has overwhelmed terminals and forced carriers since July to hastily reinstate blanked capacity, deploying extra loaders and...
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...
