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...
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...