Making Sense of Container Shipping GRIs and Similar Surcharge Mechanisms
Ocean shipping General Rate Increases (GRIs) have been part of global shipping for decades. But there’s a lot of confusion on why they are issued by ocean carriers and how shippers are impacted. Let’s clarify container shipping GRIs in the U.S. as an...
Is the Peak Season Freight Surge at Risk?
Is the typical peak season freight surge at risk? Not necessarily, says leading transport analyst Lee Klaskow, Senior Freight and Transportation Logistics Analyst at Bloomberg Intelligence. “We are in a freight recession right now, but we could have freight growth and...
Wage Dispute Triggers Partial Terminal Shutdown at West Coast Seaports
On June 2, members of the IWLU effectively shut down some terminals across every major container gateway on the US West Coast after contract negotiations with the Pacific Maritime Association broke down over wages. Cargo handling was partially or, in some cases,...
