4/15 Trans-Pacific Carriers Announce Eastbound GRI

Market Updates
4/15 Trans-Pacific Carriers Announce Eastbound GRI

Trans-Pacific carriers have announced a General Rate Increase (GRI) effective April 15, 2021. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian portsEffective April 15, 2021 Equip.USD20 ft$90040…

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Air Freight Market Forecast

Global News, Market Updates
Air Freight Market Forecast

Air freight capacity has remained consistently tight following the Lunar New Year holidays in Asia. The China to Chicago lane is particularly congested. A long-term forecast indicates there will be high demand into the third quarter, however, with the return of more passenger flights, capacity should increase. As more people around the world get vaccinated, and…

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