Peak Season Surcharge Postponed Until 2/1

January 15, 2016
By Rich Roche

We are pleased to advise that the Peak Season Surcharge (PSS), originally announced to go into effect on 1/15, has been postponed until 2/1. There is speculation that it may be delayed again or possibly cancelled.

The General Rate Increase (GRI), announced for 2/1, is still applicable; but with a weakening market, it’s likely to be heavily mitigated or postponed as well.

Vessels remain booked close to capacity amid the pre-Chinese New Year rush; however, we expect a downturn in bookings following the holiday. It is this expectation of lower demand that is pressuring the delay on any increases at this time.

Rich Roche is Vice President of International Transportation for Mohawk Global Logistics.
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