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...
Australia UK Free Trade Agreement to Promote More Robust Trade Between the Countries
The Australia United Kingdom Free Trade Agreement (A-UKFTA), the first full trade deal since the UK left the EU, went into force May 31. The deal removes tariffs on 99% of Australia product exports to the UK. Australian importers will also benefit from duty-free...
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...
