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December 15th/January1st Trans-Pacific Carriers Announce General Rate Increase for Eastbound Trade

December 10, 2018 Global News

December 15th GRI information: Trans-Pacific carriers have announced a General Rate Increase (GRI) effective December 15, 2018. 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 ports Effective…

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Trade News Update: USMCA & Section 301 Duties

December 4, 2018 Global News

12/4 UPDATE: The White House has confirmed the 90-day suspension of the increase on Section 301 duties began December 1. The scheduled increase deadline is now March 1, 2019. This has been a busy weekend for trade news. The two major issues that have provoked the most interest are: 1- The signing of the…

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November 15th/December 1st Trans-Pacific Carriers Announce General Rate Increase for Eastbound Trade

November 5, 2018 Global News

November 15th GRI information: Trans-Pacific carriers have announced a General Rate Increase (GRI) effective November 15, 2018. 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 ports Effective…

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OffPeak Program—PierPASS 2.0—Taking Effect 11/19/2018

October 29, 2018 Global News

On November 19, 2018, the OffPeak program that provides extended gate hours at the Ports of Los Angeles and Long Beach, commonly known as PierPASS 2.0, will take effect. PierPASS 2.0 includes a new appointment-based system that uses a single flat fee on both daytime and nighttime container moves. This system replaces the current congestion-pricing…

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Higher Freight Rates in Ocean and Air Markets Persist for Now

October 26, 2018 Global News

It has been a challenging peak season this year with spiking freight rates and space shortages in trans-Pacific trade. We may still have a way to go before we see much of a downturn. Major drivers are: Heavy rationalization of ocean carriers yields fewer owner representatives in trans-Pacific trade (roughly 3 owners per alliance now)…

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9/24 Tariffs on $200 Billion Worth of Chinese Imports Go Into Effect

September 18, 2018 Global News

The Office of the U.S. Trade Representative (USTR) has released the official list of about $200 billion worth of Chinese imports subject to additional tariffs. This list contains 5,745 full or partial lines of the original 6,031 tariff lines that were announced back in July. Starting September 24, 2018 these items will be subject to…

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Hurricane Florence Causing South Atlantic States’ Ports to Close, May Cause Vessel Diversions

September 12, 2018 Global News

U.S. Customs and Border Protection (CBP) issued a hurricane warning for the Carolinas, Virginia and Maryland. In preparation of Hurricane Florence, port authorities along the Southeast coast have ordered their marine terminals to close for both truck and vessel traffic for Thursday, Friday and possibly Monday. Ports already closed include Wilmington and Morehead City in North…

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Trans-Pacific Carriers Announce Q4 BAF and LSS for Eastbound Trade

September 7, 2018 Global News

Trans-Pacific carriers have announced the third quarter Bunker Adjustment Factor (BAF) and Low Sulphur Surcharge (LSS) for 2018, effective October 1, 2018. The BAF and LSS will affect all Canadian and U.S. destinations. The following amounts are in USD and apply to all freight moving on Trans-Pacific lanes. Bunker Adjustment Factor (BAF) Applies to all…

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10/1 Trans Pacific Carriers Announce General Rate Increase for Eastbound Trade

September 5, 2018 Global News

Trans-Pacific carriers have announced a General Rate Increase (GRI) effective October 1, 2018. 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 ports Effective October 1 Equip. USD…

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9/15 Trans-Pacific Carriers Announce General Rate Increase for Eastbound Trade

August 15, 2018 Global News

Trans-Pacific carriers have announced a General Rate Increase (GRI) effective September 15, 2018. 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 ports Effective September 15 Equip. USD…

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